Technical Analysis in Cryptocurrency Market
In the cryptocurrency market, like any market, prices fluctuate continuously, and the level of fluctuation differs for different assets or cryptocurrency pairs. Technical analysis strategies help analyze these price fluctuations to predict price movements and indicate the appropriate time to buy and sell to maximize profit. This paper examines 9 different strategies that evaluate historic movements and predict future movements based on mathematical functions such as moving averages. This study investigates a greater range of strategies than previous studies, ultimately identifying the best performing strategies.
Keywords: cryptocurrency, technical analysis