TECHNICAL ANALYSIS OF STOCHASTIC INDICATORS AND CANDLESTICK IN PROFIT TRADER CRYPTOCURRENCY 2021 PERIOD

Abstract

This research aims to determine the effect of technical analysis on stochastic and candlestick
indicators on cryptocurrency traders' profits during the 2021 period. : type of research and how data
is collected. This research belongs to the type of descriptive quantitative research. One hundred seventy
coins listed on the Indodax exchange, which are viewed with daily time frames, and their price
movement data can be accessed via the charting website tradingview.com are the population in the
study. This. As for the research sample, the researchers used a non-probability sampling technique with
a purposive sampling method with criteria, namely five cryptocurrency coins that have the largest
capitalization as of December 2021, cryptocurrency coins that are actively transacted during 2021
which experience bullish and bearish markets, and cryptocurrency coins whose data movement the
price can be accessed on the indodax application, and the tradingview.com website, from the sample
criteria, obtained data as much as 1,825 daily price movements. The tests carried out in this study
include descriptive statistical tests, normality tests using the Shapiro Wilk test, hypothesis testing using
non-parametric statistical tests with Wilcoxon tests, and comparative analysis. The research results
prove that the stochastic and candlestick indicators can provide sell signals and buy signals that affect
the amount of profit received by cryptocurrency traders during the 2021 period.