Crypto Technical Analysis – Tools & BOTs Development
Zanni, Alessandro (2021)
Zanni, Alessandro
2021
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2021120724019
https://urn.fi/URN:NBN:fi:amk-2021120724019
Tiivistelmä
The purpose of this thesis is to create a web application hosted in AWS and a BOT which automatically trades cryptocurrencies based on technical analysis indicators. Investing in cryptocurrencies is very risky and many times sentimental investing makes the investor buy and sell crypto at the wrong moment. Thanks to the implementation of these tools investors can utilize technical analysis and thus mathematics to understand when it is a good moment to buy or sell a specific coin. The web app enables the user to study an investing strategy and the BOT uses the strategy found to trade cryptocurrencies automatically.
In order to achieve the development of these tools a good knowledge of Python and Nodejs and React is needed as well as a good understanding of React. The creation of the web app and the BOT is possible thanks to the creation of an algorithm that uses specific libraries dedicated to technical indicator calculations. This thesis is mostly practical, since the amount of code needed to develop all the services is rather massive. However, everything that is going to be developed is firstly introduced in the theoretical part, especially everything regarding the main subjects, which are cryptocurrencies and technical analysis.
The conclusion of the paper is that a developer can create a web app hosted in AWS without having high costs. Moreover, the creation of an investing BOT without having a deep knowledge of the subject thanks to the use of libraries is achievable.
In order to achieve the development of these tools a good knowledge of Python and Nodejs and React is needed as well as a good understanding of React. The creation of the web app and the BOT is possible thanks to the creation of an algorithm that uses specific libraries dedicated to technical indicator calculations. This thesis is mostly practical, since the amount of code needed to develop all the services is rather massive. However, everything that is going to be developed is firstly introduced in the theoretical part, especially everything regarding the main subjects, which are cryptocurrencies and technical analysis.
The conclusion of the paper is that a developer can create a web app hosted in AWS without having high costs. Moreover, the creation of an investing BOT without having a deep knowledge of the subject thanks to the use of libraries is achievable.