How to use ChatGPT for real-time crypto trading signals
ChatGPT enhances crypto analysis by interpreting data, summarizing market sentiment, and creating strategic templates. It aids traders in developing bots, interpreting technical data, and backtesting simulations but is not a replacement for human decision-making. Traders must provide quality information for accurate outputs, as ChatGPT's free version lacks real-time data access. Key tools include TradingView for price data, trusted news sources for market narratives, and fundamental data from platforms like Glassnode and Nansen. A four-step process for generating trading signals is outlined: identify market narratives, measure sentiment, interpret technical data, and synthesize this information into trade theses. The model helps link market trends to asset-specific data, offering structured insights without providing investment advice, leaving the final trades to user discretion. The workflow promotes a disciplined approach to market analysis.
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