The effectiveness of technical trading rules in cryptocurrency markets

Shaen Corbet, Veysel Eraslan, Brian Lucey and Ahmet Sensoy

Finance Research Letters, 2019, vol. 31, issue C, 32-37

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.

Keywords: Bitcoin; Cryptocurrencies; Technical analysis; High frequency trading; Efficient market hypothesis (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (53)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:31:y:2019:i:c:p:32-37

DOI: 10.1016/j.frl.2019.04.027

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