Is Technical Analysis Viable In the Cryptocurrency Market?
Master thesis
Permanent lenke
https://hdl.handle.net/11250/3106610Utgivelsesdato
2023Metadata
Vis full innførselSamlinger
- Master of Science [1622]
Sammendrag
This thesis examines the viability of technical analysis in the cryptocurrency
market using two commonly used oscillators. The testing period extends from
the inception of Bitcoin, XRP, and Ethereum until December 31, 2022. Six
Relative Strength Index rules and three Moving Average Convergence Divergence
rules are tested on four-hourly and daily returns. The methodology is
heavily based on the influential paper by Brock et al. (1992). Our findings
indicate that the examined trading strategies can generate occasional profits
but do not outperform the buy-and-hold strategy when considering transaction
costs.
Beskrivelse
Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2023