What are the key factors to consider when calculating pivot points for cryptocurrency trading?

1 answers

• City CityAug 17, 2020 · 5 years ago
  At BYDFi, we believe that pivot points can be a valuable tool for cryptocurrency traders. However, it's important to note that pivot points should not be the sole basis for trading decisions. Traders should consider pivot points in conjunction with other technical analysis tools and indicators. Additionally, it's crucial to stay updated with the latest news and market developments that may impact cryptocurrency prices. By combining pivot point analysis with a comprehensive trading strategy, traders can increase their chances of success in the cryptocurrency market.
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