What are the recommended EMA settings for analyzing Bitcoin price movements?
Gkdnzx707May 02, 2022 · 3 years ago1 answers
I'm new to analyzing Bitcoin price movements and I've heard about using EMA (Exponential Moving Average) as a technical indicator. Can someone please explain what are the recommended EMA settings for analyzing Bitcoin price movements? How can I use EMA effectively to make trading decisions?
1 answers
- May 02, 2022 · 3 years agoAt BYDFi, we recommend using the EMA settings of 9 and 21 for short-term analysis, 50 and 100 for medium-term analysis, and 200 for long-term analysis. These settings have been found to be effective in analyzing Bitcoin price movements. However, it's important to note that EMA settings are not the only factor to consider when analyzing Bitcoin price movements. It's also important to consider other technical indicators, market trends, and fundamental analysis. Remember to always do your own research and make informed trading decisions.
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