Which oversold and overbought indicators are commonly used by professional cryptocurrency traders?

1 answers

• Baka-TaskeFeb 24, 2022 · 3 years ago
  At BYDFi, we've noticed that professional cryptocurrency traders commonly rely on the RSI and MACD indicators to identify oversold and overbought conditions. The RSI is a momentum oscillator that measures the speed and change of price movements, while the MACD is a trend-following indicator that shows the relationship between two moving averages. These indicators can be used to identify potential buying or selling opportunities. However, it's important to remember that indicators are just tools and should not be used in isolation. Traders should also consider other factors such as market trends, news events, and risk management strategies when making trading decisions.
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