What are the advantages and disadvantages of using linear weighted moving average in cryptocurrency analysis?

1 answers

• justine michaelOct 19, 2022 · 3 years ago
  As an expert in cryptocurrency analysis, I can say that the linear weighted moving average (LWMA) is a valuable tool for traders. LWMA gives more weight to recent price data, allowing traders to focus on the most recent market trends. This can be particularly useful in the fast-paced world of cryptocurrencies, where prices can change rapidly. However, it's important to note that LWMA is just one of many tools available to traders. It's important to consider other factors and indicators when making trading decisions. At BYDFi, we believe in a holistic approach to cryptocurrency analysis, combining various techniques and indicators to make informed trading decisions. While LWMA can be a useful tool, it should not be relied upon as the sole basis for trading decisions.
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