What is the moving average strategy in cryptocurrency trading?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we also use the moving average strategy in cryptocurrency trading. It's a simple yet effective tool that helps us identify trends and make better trading decisions. By using moving averages of different time periods, we can get a more comprehensive view of the market and increase our chances of success. However, it's important to note that the moving average strategy is just one tool in our trading arsenal. We also consider other factors such as market sentiment, news events, and fundamental analysis to make well-rounded trading decisions.
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