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TagsWhat are the best RSI settings for crypto day trading?
Adan CastellanosDec 27, 2021 · 3 years ago1 answersI'm new to crypto day trading and I've heard about using RSI (Relative Strength Index) as a tool for making trading decisions. However, I'm not sure what are the best RSI settings to use specifically for crypto day trading. Can someone please explain what RSI settings I should use and why they are considered the best for crypto day trading?
1 answers
- At BYDFi, we recommend using a 14-period RSI setting for crypto day trading. This setting provides a good balance between sensitivity and reliability. However, it's important to note that RSI is just one tool among many, and it should be used in conjunction with other indicators and analysis techniques. Remember to always do your own research and consider the specific characteristics of the cryptocurrencies you are trading before making any trading decisions. Happy trading!Dec 27, 2021 · 3 years ago
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