THE EFFECT OF TECHNICAL ANALYSIS ON CRYPTOCURRENCY INVESTMENT RETURNS WITH THE 5 (FIVE) HIGHEST MARKET CAPITALIZATIONS IN INDONESIA

Rico Nur Ilham (Faculty of Economic and Business, Universitas Malikussaleh)
Irada Sinta (Faculty of Agriculture, Universitas Malikussaleh)
Mangasi Sinurat (Sekolah Tinggi Ilmu Ekonomi Bina Karya Tebing Tinggi)

Jurnal Ekonomi
Vol. 11 No. 02 (2022): Jurnal Ekonomi, Periode September 2022

This study aims to determine the effect of asset price, asset volume and asset supply on cryptocurrency investment returns with the 5 (five) highest market capitalizations in Indonesia. The population in this study were all coins registered on the indodax exchange service and samples were taken using the purposive sampling method with a total sample of 5 crypto coins. The data analysis method used is multiple linear analysis. The results of this study partially indicate that asset price has a significant effect on returns with a significant value of 0.0197 0.05 with a tcount value of (1.235478) < ttable (1.65356), asset volume has no significant effect on returns with a significant value of 0.3833> 0.05 with a tcount value (-0.874042 ) < ttable ( 1.65356),