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The effectiveness of technical trading rules in cryptocurrency markets

Corbet, Shaen orcid logoORCID: 0000-0001-7430-7417, Eraslan, Veysel, Lucey, Brian orcid logoORCID: 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

Abstract
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
Subjects:Business > Finance
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Elsevier
Official URL:http://dx.doi.org/10.1016/j.frl.2019.04.027
Copyright Information:© 2019 Elsevier
ID Code:25053
Deposited On:01 Oct 2020 11:51 by Thomas Murtagh . Last Modified 08 Nov 2021 13:31
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