What RSI settings should I use when day trading cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  As an expert in day trading cryptocurrencies, I recommend using the default RSI settings of 14. This is a commonly used setting that provides a good balance between sensitivity and reliability. However, it's important to note that RSI is just one tool among many, and it's always a good idea to consider other indicators and factors before making trading decisions. Happy trading!
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• Dec 27, 2021 · 3 years ago
  When it comes to RSI settings for day trading cryptocurrencies, there is no one-size-fits-all answer. It ultimately depends on your trading strategy and the specific cryptocurrency you're trading. Some traders prefer shorter RSI periods like 9 or 10 for more timely signals, while others opt for longer periods like 20 or 30 for smoother readings. Experiment with different settings and see what works best for you.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests using a 14-period RSI when day trading cryptocurrencies. This setting is widely used and provides reliable signals for identifying overbought and oversold conditions. However, it's important to remember that RSI is just one tool and should be used in conjunction with other indicators and analysis techniques to make informed trading decisions.
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