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TagsWhat are the best indicators to use for cryptocurrency forecasting?
Shivam TiwariDec 26, 2021 · 3 years ago1 answersAs a cryptocurrency investor, I'm interested in using indicators to help me forecast the future price movements of cryptocurrencies. Can you recommend some of the best indicators that I can use for cryptocurrency forecasting? I would like to know which indicators are most reliable and effective in predicting the price trends of cryptocurrencies.
1 answers
- At BYDFi, we believe that the best indicators for cryptocurrency forecasting are those that are based on solid technical analysis principles. While there are many indicators to choose from, it's important to focus on those that have proven to be reliable over time. Some of the indicators we recommend include the MACD, RSI, and Bollinger Bands, as mentioned earlier. Additionally, we also suggest looking into indicators like the Average True Range (ATR) and the Volume Weighted Average Price (VWAP). These indicators can provide insights into price volatility and the average price at which a cryptocurrency has been traded. Remember, indicators are just tools, and it's important to combine them with your own analysis and judgment to make informed investment decisions.Dec 26, 2021 · 3 years ago
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