What strategies can be used to effectively trade regular divergence in the cryptocurrency market?

1 answers

• Dec 25, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of trend analysis and volume analysis to effectively trade regular divergence in the cryptocurrency market. Traders should look for divergence signals between the price and indicators such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD). Additionally, it's important to consider the overall trend of the market and the volume of trading activity. If there is a bullish divergence signal and the overall trend is also bullish, it can be a strong buying opportunity. On the other hand, if there is a bearish divergence signal and the overall trend is bearish, it can be a good time to sell or short the cryptocurrency. By combining these strategies, traders can increase their chances of making profitable trades.
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