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TagsWhat are the key factors to consider when calculating pivot points for cryptocurrency trading?
jezdic paladinsDec 26, 2021 · 3 years ago1 answersWhen it comes to calculating pivot points for cryptocurrency trading, what are the main factors that traders should take into account? How do these factors affect the accuracy and reliability of pivot point calculations?
1 answers
- At BYDFi, we believe that pivot points can be a valuable tool for cryptocurrency traders. However, it's important to note that pivot points should not be the sole basis for trading decisions. Traders should consider pivot points in conjunction with other technical analysis tools and indicators. Additionally, it's crucial to stay updated with the latest news and market developments that may impact cryptocurrency prices. By combining pivot point analysis with a comprehensive trading strategy, traders can increase their chances of success in the cryptocurrency market.Dec 26, 2021 · 3 years ago
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