The effectiveness of technical trading rules in cryptocurrency markets
Corbet, ShaenORCID: 0000-0001-7430-7417, Eraslan, Veysel, Lucey, BrianORCID: 0000-0002-4052-8235 and Sensoy, Ahmet
(2019)
The effectiveness of technical trading rules in cryptocurrency markets.
Finance Research Letters, 31
.
pp. 32-37.
ISSN 1544-6123
We analyse various technical trading rules in the form of the moving average-oscillator
and trading range break-out strategies to specifically test resistance and support levels and
their trading performance using high-frequency Bitcoin returns. Overall, our results provide
significant support for the moving average strategies. In particular, variable-length moving
average rule performs the best with buy signals generating higher returns than sell signals
Metadata
Item Type:
Article (Published)
Refereed:
Yes
Uncontrolled Keywords:
Bitcoin; Cryptocurrencies; Technical Analysis; High Frequency Trading;
Efficient Market Hypothesis