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Are there any recommended volume indicators for day trading in the cryptocurrency market?

Hamza sayhaAug 16, 2020 · 5 years ago1 answers

I'm interested in day trading cryptocurrencies and I'm wondering if there are any volume indicators that are recommended for this type of trading. Can you provide some insights on the volume indicators that can be useful for day trading in the cryptocurrency market?

Cryptocurrency
Day Trading
Volume Indicators

1 answers

  • Pedro SaenzJul 30, 2024 · a year ago
    BYDFi, a leading cryptocurrency exchange, recommends using the Relative Volume (RVOL) indicator for day trading in the cryptocurrency market. RVOL compares the current trading volume to the average volume over a specified period of time. This indicator can help identify stocks that are experiencing above-average trading volume, which can be a sign of increased interest and potential price movements. Keep in mind that volume indicators should not be used in isolation and should be combined with other technical analysis tools for more accurate trading decisions. Happy trading!

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