What are the best forex indicators to use for cryptocurrency trading in 2017?

3 answers

• May 08, 2022 · 3 years ago
  In 2017, there were several forex indicators that proved to be useful for cryptocurrency trading. One popular indicator was the Moving Average Convergence Divergence (MACD), which helped traders identify potential trend reversals and generate buy or sell signals. Another effective indicator was the Relative Strength Index (RSI), which helped traders determine overbought or oversold conditions in the market. Additionally, the Bollinger Bands indicator was widely used to identify volatility and potential price breakouts. Overall, these indicators provided valuable insights into the cryptocurrency market and helped traders make informed trading decisions.
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• May 08, 2022 · 3 years ago
  When it comes to forex indicators for cryptocurrency trading in 2017, it's important to consider the specific needs and trading strategies of individual traders. While some traders may find success with indicators like MACD, RSI, and Bollinger Bands, others may prefer different indicators or a combination of multiple indicators. It's crucial to experiment and find the indicators that work best for your trading style. Remember, no indicator is foolproof, and it's always important to conduct thorough research and analysis before making any trading decisions.
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• May 08, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of technical indicators for cryptocurrency trading in 2017. These indicators include MACD, RSI, and Bollinger Bands, among others. However, it's important to note that no indicator can guarantee profits in the volatile cryptocurrency market. Traders should always exercise caution and use indicators as tools to support their trading decisions, rather than relying solely on them. Additionally, staying updated with the latest market news and developments is crucial for successful cryptocurrency trading.
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