Are there any specific strategies for using MACD with settings 8, 17, and 9 to improve cryptocurrency trading performance?

1 answers

• Apr 15, 2022 · 3 years ago
  As an expert at BYDFi, I can tell you that using the MACD indicator with settings 8, 17, and 9 can indeed improve your cryptocurrency trading performance. One specific strategy is to use the MACD crossover as a signal for entering or exiting trades. When the MACD line crosses above the signal line, it can be a bullish signal to buy, while a crossover below the signal line can indicate a bearish signal to sell. However, it's important to consider other factors such as market conditions, volume, and price action before making trading decisions. Remember to always do your own research and practice risk management to maximize your profits and minimize losses.
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