, 2023-01-17 19:54:39,
The world has been shocked by the advent of AI due to its incredible effectiveness. Today, AI-powered ChatGPT, an OpenAI creation, is known for its realistic answers to even the trickiest questions. As ChatGPT can be used to write articles and poems and handle multiple tasks with great accuracy, many wonder about its use cases in the cryptocurrency market.
ChatGPT is designed to provide Pine scripts (code) that are compatible with the trading view, paving an easy way for traders to develop their own trading strategies with 100+ indicators to identify the trend of a specific digital asset, such as Bitcoin.
Here Is How ChatGPT Responded To Bitcoin’s Price?
ChatGPT has been the headline in the crypto market as it has become a hot sensation in providing price prediction or technical analysis of a crypto asset. However, when the AI is asked for a market prediction, it vehemently refuses to provide any trading guru advice and advises traders to invest at their own risk. However, the AI can provide Pine scripts according to traders’ requirements and can be added to the chart on trading view to develop the best strategy.
Hence, Coinpedia asked ChatGPT to generate a pine script to identify the current trend of BTC. According to ChatGPT, if Bitcoin’s rate of change (ROC) is above 0.05, it signifies an uptrend and vice-versa. As Bitcoin’s ROC moves around 24, ChatGPT indicates an extreme uptrend in the BTC price chart.
However, ChatGPT’s pine scripts are not compilable…
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