YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI
Yıl: 2020 Cilt: 12 Sayı: 23 Sayfa Aralığı: 653 - 671 Metin Dili: Türkçe DOI: 10.14784/marufacd.785878 İndeks Tarihi: 29-09-2022
YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI
Öz: Bireysel ve kurumsal yatırımcıların finansal piyasalarda yatırım kararları alırken sıklıkla kullandıkları ana- lizler temel analiz ve teknik analiz şeklinde ikiye ayrılmaktadır. Temel analiz; makroekonomik gidişatı, sektörel gelişmeleri ve spesifik olarak yatırım yapılacak varlığın finansal göstergelerini dikkate alırken, teknik analiz; fi- nansal varlıkların geçmiş fiyat hareketlerinden yola çıkarak bu finansal varlığın gelecekteki fiyat hareketlerini tahminlemeye çalışmaktadır. Teorik altyapısı Dow Teorisine dayanan ve “finansal varlığın geçmiş fiyat hareket- leri zamanla tekrarlanacaktır” gibi bir takım varsayımlar barındıran teknik analiz yöntemine göre yatırım kararı alınırken çeşitli indikatörler, osilatörler ve formasyonlar kullanılmaktadır. Bu göstergelerden Hareketli Ortala- maların Yakınsaması/Uzaklaşması (MACD), Bollinger Band (BBand), Göreceli Güç Endeksi (RSI) yatırımcıla- rın sıklıkla kullandıkları göstergeler arasındadır. Bu çalışmada 2014-2018 Bitcoin (BTC) ve Ethereum (ETH) günlük fiyat verileri kullanılarak MACD, BBand ve RSI test edilmiş, BTC ve ETH Al/Sat kararları tahmin edil- meye çalışılmıştır. Çıkan sonuçlar neticesinde kripto paraların yatırımcılara sağlayacağı getiriler hesaplanmış- tır. Finansal piyasalarda en fazla işlem gören kripto paraların analiz edildiği çalışmada, yatırım kararlarında tek- nik analizin ne derece etkili olduğu ve bu yatırımlardan teknik analiz kullanılarak herhangi bir getiri sağlanıp sağlanamayacağı irdelenmiştir. Elde edilen bulgulara göre BBand, RSI ve MACD yöntemleri birbirleri ile çeliş- kili sinyaller verebilmektedir. Bu nedenle yatırımcıların kullanacakları analiz yöntemine göre kazanç ve kayıp- larının farklılaşabileceğini söylemek mümkündür.
Anahtar Kelime: TECHNICAL ANALYSIS FOR INVESTORS: BITCOIN AND ETHEREUM APPLICATIONS
Öz: Analyzes that are frequently used by individual and institutional investors when making investment de- cisions in financial markets are divided into fundamental analysis and technical analysis. While fundamental analysis evaluating financial instruments based on macroeconomic factors, sectorial developments, and finan- cial data of the instruments, technical analysis; tries to forecast the future price of this financial instrument us- ing its historical price movements. The theoretical background of the technical analysis is based on the Dow Theory and there are some assumptions such as “historical price movements of financial assets will be repeated over time”. There are also some indicators such as Moving Average Convergence Divergence (MACD), Bollinger Band (BBand), and the Relative Strength Index (RSI) frequently used by investors. In this study, MACD, BBand and RSI tested using 2014-2018 Bitcoin (BTC), Ethereum (ETH) daily price data. BTC and ETH Buy / Sell de- cisions have been tried to be estimated and the return of the cryptocurrencies for investors has been calculated. Analyzing the most frequently traded cryptocurrencies in financial markets, it has been examined how effec- tive the technical analysis is in investment decisions and whether any returns can be obtained by using techni- cal analysis from these investments. According to the findings obtained, BBand, RSI, and MACD methods can give conflicting signals. Therefore, it is possible to say that earnings and losses may differ according to the anal- ysis method used by investors.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | UYAR U, KELTEN G, Moralı T (2020). YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. , 653 - 671. 10.14784/marufacd.785878 |
| Chicago | UYAR UMUT,KELTEN GÖKSAL SELAHATDİN,Moralı Tuncay YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. (2020): 653 - 671. 10.14784/marufacd.785878 |
| MLA | UYAR UMUT,KELTEN GÖKSAL SELAHATDİN,Moralı Tuncay YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. , 2020, ss.653 - 671. 10.14784/marufacd.785878 |
| AMA | UYAR U,KELTEN G,Moralı T YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. . 2020; 653 - 671. 10.14784/marufacd.785878 |
| Vancouver | UYAR U,KELTEN G,Moralı T YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. . 2020; 653 - 671. 10.14784/marufacd.785878 |
| IEEE | UYAR U,KELTEN G,Moralı T "YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI." , ss.653 - 671, 2020. 10.14784/marufacd.785878 |
| ISNAD | UYAR, UMUT vd. "YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI". (2020), 653-671. https://doi.org/10.14784/marufacd.785878 |
| APA | UYAR U, KELTEN G, Moralı T (2020). YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. Finansal Araştırmalar ve Çalışmalar Dergisi, 12(23), 653 - 671. 10.14784/marufacd.785878 |
| Chicago | UYAR UMUT,KELTEN GÖKSAL SELAHATDİN,Moralı Tuncay YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. Finansal Araştırmalar ve Çalışmalar Dergisi 12, no.23 (2020): 653 - 671. 10.14784/marufacd.785878 |
| MLA | UYAR UMUT,KELTEN GÖKSAL SELAHATDİN,Moralı Tuncay YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. Finansal Araştırmalar ve Çalışmalar Dergisi, vol.12, no.23, 2020, ss.653 - 671. 10.14784/marufacd.785878 |
| AMA | UYAR U,KELTEN G,Moralı T YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. Finansal Araştırmalar ve Çalışmalar Dergisi. 2020; 12(23): 653 - 671. 10.14784/marufacd.785878 |
| Vancouver | UYAR U,KELTEN G,Moralı T YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI. Finansal Araştırmalar ve Çalışmalar Dergisi. 2020; 12(23): 653 - 671. 10.14784/marufacd.785878 |
| IEEE | UYAR U,KELTEN G,Moralı T "YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI." Finansal Araştırmalar ve Çalışmalar Dergisi, 12, ss.653 - 671, 2020. 10.14784/marufacd.785878 |
| ISNAD | UYAR, UMUT vd. "YATIRIMCILAR İÇİN TEKNİK ANALİZ: BITCOIN VE ETHEREUM UYGULAMALARI". Finansal Araştırmalar ve Çalışmalar Dergisi 12/23 (2020), 653-671. https://doi.org/10.14784/marufacd.785878 |
