What are the best swing high swing low indicators for analyzing cryptocurrency price movements?

1 answers

• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands indicator as a swing high swing low indicator. The Bollinger Bands consist of a middle band, an upper band, and a lower band. The middle band is a moving average, while the upper and lower bands are standard deviations of the price. When the price touches the upper band, it is considered overbought, and when it touches the lower band, it is considered oversold. Traders can use the Bollinger Bands to identify potential trend reversals and generate buy or sell signals. It is important to note that no indicator is foolproof, and it is always recommended to use multiple indicators and conduct thorough analysis before making trading decisions.
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