What are the recommended moving average settings for swing trading cryptocurrencies?

3 answers

• Dec 29, 2021 · 3 years ago
  When it comes to using moving averages for swing trading cryptocurrencies, there is no one-size-fits-all answer. The recommended settings for moving averages can vary depending on the specific cryptocurrency, market conditions, and your trading strategy. However, a common approach is to use a combination of shorter and longer-term moving averages. For example, you could use a 50-day moving average and a 200-day moving average. The crossover of these two moving averages can indicate potential buy or sell signals. It's important to backtest different settings and see what works best for your chosen cryptocurrency and trading style.
  637319
• Dec 29, 2021 · 3 years ago
  Alright, so you want to know about moving average settings for swing trading cryptocurrencies? Well, let me tell you, there's no magic formula here. It all depends on the specific cryptocurrency you're trading and the market conditions. Some traders like to use shorter-term moving averages, like the 20-day or 50-day moving average, while others prefer longer-term ones, like the 100-day or 200-day moving average. The key is to find a combination that works for you and your trading strategy. Experiment with different settings and see what gives you the best results.
  570190
• Dec 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a 50-day and 200-day moving average for swing trading cryptocurrencies. This combination can help identify trends and potential entry or exit points. However, it's important to note that moving averages are just one tool in your trading arsenal. It's always a good idea to combine them with other indicators and perform thorough analysis before making any trading decisions. Remember, the cryptocurrency market can be volatile, so it's crucial to stay informed and adapt your strategy as needed.
  554139