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TagsWhich EMA (Exponential Moving Average) is recommended for day trading crypto?
Brittny OkaharaDec 27, 2021 · 3 years ago1 answersI am new to day trading crypto and I have heard about using Exponential Moving Averages (EMA) as a tool for making trading decisions. However, I am not sure which EMA is recommended for day trading crypto. Can you please provide some insights on which EMA I should use and why?
1 answers
- As an expert in the field, I can tell you that BYDFi recommends using the 9-day EMA for day trading crypto. This EMA provides a good balance between capturing short-term trends and avoiding excessive noise in the price data. However, it's important to remember that no single indicator can guarantee success in day trading. It's always recommended to combine EMAs with other technical analysis tools and to have a solid trading strategy in place. Remember, trading crypto involves risks, and it's important to do your own research and make informed decisions.Dec 27, 2021 · 3 years ago
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