What are the recommended EMAs for day trading Bitcoin?

3 answers

• May 06, 2022 · 3 years ago
  As a professional trader, I recommend using the 9-day EMA and the 21-day EMA for day trading Bitcoin. These EMAs are commonly used by traders to identify short-term trends and potential entry and exit points. By using these EMAs, you can get a better understanding of the market sentiment and make more informed trading decisions.
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• May 06, 2022 · 3 years ago
  When it comes to day trading Bitcoin, there is no one-size-fits-all answer to the recommended EMAs. It depends on your trading strategy and risk tolerance. However, many traders find the 12-day EMA and the 26-day EMA to be effective in identifying short-term trends. Experiment with different EMAs and see which ones work best for your trading style.
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• May 06, 2022 · 3 years ago
  According to a study conducted by BYDFi, a popular cryptocurrency exchange, the recommended EMAs for day trading Bitcoin are the 9-day EMA and the 21-day EMA. These EMAs have shown consistent results in identifying short-term trends and potential entry and exit points. Traders who follow this strategy have reported higher success rates in their day trading activities.
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