Skip to main content
SpringerLink
Log in

Optimization of the Method of Technical Analysis of Cryptocurrency Price Differences Movements

  • Conference paper
  • First Online:
Advances in Computer Science for Engineering and Education II (ICCSEEA 2019)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 938))

Abstract

Cryptocurrencies increasingly cover the world market and grow rapidly. Cryptotrading, namely cryptocurrency arbitrage is one of the most reliable methods of obtaining benefits from this market. This article describes the approaches to processing data on the movements of the cryptocurrency exchange rate in the market, their features and disadvantages. The two main methods of cryptocurrency analysis (fundamental and technical) are described in more details. Based on the stated theses and mathematical statistics, a method of technical analysis of cryptocurrency price differences on the same exchange has been developed to achieve the maximum number of transactions with minimal losses. The method is suitable for both monotonous currency price leaps and trend movements of the currency price, because it adapts automatically and consistently with given parameters to each move in any direction. Based on the created method, some software algorithms have been developed that allow visualization of all related processes. The thorough work was carried out on the optimization of the developed algorithms by the selection of the most relevant parameters. In the article, graphs of the results and pseudo-code of the algorithms and its optimization are presented. The algorithms of modified cryptocurrency arbitrage ensure the maximum profit for a trader.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Umair, A., Ashfaq, U., Khan, M.G.: Recent trends, applications, and challenges of brain-computer interfacing (BCI). Int. J. Intell. Syst. Appl. (IJISA) 9(2), 58–65 (2017). https://doi.org/10.5815/ijisa.2017.02.08

    Article  Google Scholar 

  2. Waves: Waves Platform - Blockchain for the people. https://wavesplatform.com/. Accessed 06 Nov 2018

  3. Coleman, L.: Bitfinex’s Lesson: Has the Time for Regulation Arrived?. Cryptocoins News. https://www.cryptocoinsnews.com/bitfinexs-lesson-has-the-time-for-regulation-arrived/. Accessed 07 Nov 2018

  4. Investors Underground: Intoduction to Technical Analysis. https://www.investorsunderground.com/technical-analysis/. Accessed 08 Nov 2018

  5. Thu, T.N.T., Xuan, V.D.: Supervised support vector machine in predicting foreign exchange trading. Int. J. Intell. Syst. Appl. (IJISA) 10(9), 48–56 (2018). https://doi.org/10.5815/ijisa.2018.09.06

    Article  Google Scholar 

  6. Hansen, J.D.: Virtual Currencies: International Actions and Regulations. Perkins Coie. https://www.perkinscoie.com/en/news-insights/virtual-currencies-international-actions-and-regulations.html. Accessed 05 Nov 2018

  7. Kaur, J., Kaur, K.: Internet of Things: a review on technologies, architecture, challenges, applications, future trends. Int. J. Comput. Netw. Inf. Secur. (IJCNIS) 9(4), 57–70 (2017). https://doi.org/10.5815/ijcnis.2017.04.07

    Article  Google Scholar 

  8. Voorhees, E.: The True Cost of Bitcoin Transactions. http://bitcoin.xyz/erik-voorhees-true-cost-bitcoin-transactions-2/. Accessed 08 Nov 2018

  9. Al-Maqaleh, B.M., Al-Mansoub, A.A., Al-Badani, F.N.: Forecasting using artificial neural network and statistics models. Int. J. Educ. Manag. Eng. (IJEME) 6(3), 20–32 (2016). https://doi.org/10.5815/ijeme.2016.03.03

  10. Blockchain.info: Bitcoin Wallet – Blockchain. https://blockchain.info/wallet/. Accessed 08 Nov 2018

Download references

Author information

Authors and Affiliations

  1. National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Pr. Peremohy, 37, Kyiv, Ukraine

    Lesya Lyushenko & Anastasiia Holiachenko

Authors
  1. Lesya Lyushenko
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Anastasiia Holiachenko
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Lesya Lyushenko .

Editor information

Editors and Affiliations

  1. School of Educational Information Technology, Central China Normal University, Wuhan, Hubei, China

    Zhengbing Hu

  2. Mechanical Engineering Research Institute of the Russian Academy of Sciences, Moscow, Russia

    Sergey Petoukhov

  3. “Igor Sikorsky Kiev Polytechnic Institute”, National Technical University of Ukraine, Kiev, Ukraine

    Ivan Dychka

  4. Halmos College of Natural Sciences and Oceanography, Nova Southeastern University, Ft. Lauderdale, FL, USA

    Matthew He

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Lyushenko, L., Holiachenko, A. (2020). Optimization of the Method of Technical Analysis of Cryptocurrency Price Differences Movements. In: Hu, Z., Petoukhov, S., Dychka, I., He, M. (eds) Advances in Computer Science for Engineering and Education II. ICCSEEA 2019. Advances in Intelligent Systems and Computing, vol 938. Springer, Cham. https://doi.org/10.1007/978-3-030-16621-2_36

Download citation

Publish with us

Policies and ethics

Search

Navigation