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AI Crypto Trading Bots Are the New ‘Edge’

Altszn.com by Altszn.com
July 6, 2023
in Bitcoin
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AI Crypto Trading Bots Are the New ‘Edge’
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Some traders, for example, swear by using chart patterns such as “head and shoulders,” which looks like a small hill on the left, then a big hill in the middle, then another small hill on the right. The theory is that this is bearish and a potential signal to sell. (You’d also look at many other factors, of course.) The AI bot could scour every single cryptocurrency — and every trading pair, not just BTC/USD but more exotic ones like SOL/BTC — at every second around the clock, hunting for those coveted Head & Shoulders patterns, and then only selling if it met a string of set conditions.



Read More: www.coindesk.com

Tags: BitcoinbotsBTCCryptoedgeTrading
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    • bitcoinBitcoin (BTC) $ 104,345.00
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    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.40
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