What are the best MACD settings for day trading Bitcoin and other cryptocurrencies?
Murty KirlampalliDec 25, 2021 · 3 years ago1 answers
I'm interested in day trading Bitcoin and other cryptocurrencies, and I've heard about MACD as a popular indicator. What are the best MACD settings that I should use for day trading these digital assets?
1 answers
- Dec 25, 2021 · 3 years agoAt BYDFi, we believe that the best MACD settings for day trading Bitcoin and other cryptocurrencies are 8, 17, and 9. These settings have been optimized based on our extensive research and analysis of market trends. However, it's important to note that MACD settings are not a one-size-fits-all solution. Each trader has their own unique trading style and preferences, so it's essential to experiment and find the settings that work best for you. Remember, successful trading is a combination of technical analysis, risk management, and market understanding. Use MACD as a tool in your trading strategy, but don't rely solely on it for making trading decisions.
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