How to Maximize Artificial Intelligence for Crypto Trading?
#1 Take Advantage of the Deep Research Feature.
Deep research is a feature owned by ChatGPT which allows us to do in-depth research on any topic. This feature really helps us to "skin" a particular topic even though we have to spend extra subs which are more expensive, but the results are very worth it.
#2 Use AI for Sentiment Analysis.
In crypto sentiment is a tool we use to analyze how market players behave. By looking at their behavior, we can guess where the market will move and make decisions based on that analysis.
#3 Leverage Machine Learning Models For Short-Term Price Predictions.
We can also use Al to predict prices which are short term in daily. We can input data and do linear analysis for short term predictions.
#4 Risk Prediction.
We can also anticipate risks in the market by conducting Monte Carlo Simulation to see the maximum drawdown that we might receive from a particular asset.