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Which indicators should I use for technical analysis in crypto trading?

avatarrohiith reddyNov 26, 2021 · 3 years ago1 answers

I'm new to crypto trading and want to use technical analysis to make better trading decisions. Can you recommend some indicators that are commonly used in crypto trading? I'm looking for indicators that can help me identify trends, predict price movements, and determine entry and exit points.

Which indicators should I use for technical analysis in crypto trading?
Crypto Trading
Technical Analysis
Indicators

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of indicators for technical analysis in crypto trading. Some popular choices among our traders include the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Bollinger Bands. These indicators can help identify trends, confirm price reversals, and provide entry and exit signals. However, it's important to note that no indicator is foolproof, and it's always a good idea to use multiple indicators and consider other factors like market sentiment and news events. Remember, successful trading requires a comprehensive approach and continuous learning.

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