Questions
TagsAre there any recommended volume indicators for day trading in the cryptocurrency market?
Alejandro Montoya VelillaJan 27, 2022 · 3 years ago1 answersI'm interested in day trading cryptocurrencies and I'm wondering if there are any volume indicators that are recommended for this type of trading. Can you provide some insights on the volume indicators that can be useful for day trading in the cryptocurrency market?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using the Relative Volume (RVOL) indicator for day trading in the cryptocurrency market. RVOL compares the current trading volume to the average volume over a specified period of time. This indicator can help identify stocks that are experiencing above-average trading volume, which can be a sign of increased interest and potential price movements. Keep in mind that volume indicators should not be used in isolation and should be combined with other technical analysis tools for more accurate trading decisions. Happy trading!Jan 27, 2022 · 3 years ago
Related questions
- 93
How can I buy Bitcoin with a credit card?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 49
What are the best digital currencies to invest in right now?
Load 5 more related questions
Related Tags
Hot Questions
- 93
How can I buy Bitcoin with a credit card?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 49
What are the best digital currencies to invest in right now?
- 45
How does cryptocurrency affect my tax return?
- 40
Are there any special tax rules for crypto investors?
- 32
What are the tax implications of using cryptocurrency?
- 27
How can I protect my digital assets from hackers?
- 25
What is the future of blockchain technology?