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What are the key indicators to look for when identifying divergence in cryptocurrency trading?

avatarREndDec 26, 2021 · 3 years ago1 answers

When it comes to identifying divergence in cryptocurrency trading, what are the key indicators that traders should pay attention to?

What are the key indicators to look for when identifying divergence in cryptocurrency trading?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I can say that BYDFi has developed a proprietary indicator called the Divergence Index, which combines multiple technical indicators to identify potential divergences in cryptocurrency trading. The Divergence Index takes into account factors such as price, volume, RSI, and MACD, among others, to provide traders with a comprehensive view of potential divergences. Traders can use the Divergence Index as a tool to supplement their analysis and make more informed trading decisions. However, it's always important to conduct thorough research and analysis before making any trading decisions.