Do technical trading rules outperform the simple buy-andhold strategy in the cryptocurrency market?
The authors test the weak-form efficiency in cryptocurrency markets using the most recent and comprehensive data as of 2021. The authors apply various technical indicators to take a long or short position on 99 cryptocurrencies and compare the 10-day returns based on the technical trading strategies...
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| Veröffentlicht in: | 선물연구 2024-03, Vol.32 (1), p.23 |
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| container_title | 선물연구 |
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| creator | Junhyeong Jin Jihoon Jung Kyojik Song |
| description | The authors test the weak-form efficiency in cryptocurrency markets using the most recent and comprehensive data as of 2021. The authors apply various technical indicators to take a long or short position on 99 cryptocurrencies and compare the 10-day returns based on the technical trading strategies to the simple buy-and-hold returns. The authors find that the trading strategies based on single indicators or the combination of two indicators do not generate higher returns than buy-and-hold returns among cryptos. These findings suggest that cryptocurrency markets are weak-form efficient in general. |
| doi_str_mv | 10.1108/JDQS-08-2023-0021 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1229-988X |
| ispartof | 선물연구, 2024-03, Vol.32 (1), p.23 |
| issn | 1229-988X |
| language | kor |
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| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Bitcoin Cryptocurrency Market efficiency Technical analysis Trading indicator Paper type Research paper |
| title | Do technical trading rules outperform the simple buy-andhold strategy in the cryptocurrency market? |
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