Questions
TagsWhat indicators should I use for day trading on crypto?
Boutahir Salah EddineDec 28, 2021 · 3 years ago1 answersI'm new to day trading on crypto and I'm wondering what indicators I should use to make informed trading decisions. Can you recommend some indicators that are effective for day trading on cryptocurrencies?
1 answers
- At BYDFi, we recommend using a combination of indicators for day trading on crypto. Some popular indicators among our traders include the Ichimoku Cloud, the Fibonacci retracement levels, and the Average True Range (ATR). These indicators can help identify support and resistance levels, potential trend reversals, and market volatility. However, it's important to remember that indicators are just tools and should not be solely relied upon. It's crucial to consider other factors such as market news, volume, and overall market sentiment when making trading decisions.Dec 28, 2021 · 3 years ago
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