Questions
TagsWhat are the recommended MACD settings for crypto trading?
Daniel OglesbyDec 26, 2021 · 3 years ago1 answersI'm new to crypto trading and I've heard about MACD indicators. Can someone please explain what MACD settings are and how they can be used for crypto trading? Also, what are the recommended MACD settings that I should use?
1 answers
- At BYDFi, we recommend using the default MACD settings of 12, 26, 9 for crypto trading. These settings have been widely used and have shown good results in identifying potential buy and sell signals. However, it's important to note that MACD settings should not be used in isolation. They should be used in conjunction with other technical indicators and analysis to make informed trading decisions. Remember, trading involves risks, and it's always a good idea to do your own research and seek professional advice before making any investment decisions.Dec 26, 2021 · 3 years ago
Related questions
- 99
How can I protect my digital assets from hackers?
- 85
What are the best practices for reporting cryptocurrency on my taxes?
- 74
Are there any special tax rules for crypto investors?
Load 5 more related questions
Related Tags
Hot Questions
- 99
How can I protect my digital assets from hackers?
- 85
What are the best practices for reporting cryptocurrency on my taxes?
- 74
Are there any special tax rules for crypto investors?
- 68
What are the tax implications of using cryptocurrency?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 37
What are the best digital currencies to invest in right now?
- 24
How does cryptocurrency affect my tax return?
- 15
How can I minimize my tax liability when dealing with cryptocurrencies?