Exchanges AI signals | Bitcointalksearch.org

Cryptmuster

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Quote from: Davidvictorson on August 15, 2024, 03:38:33 PM

Quote from: Oshosondy on August 15, 2024, 03:22:25 PM

Have you noticed AI signals push notifications from exchanges? Although among about 7 exchanges that I am using, I noticed an exchange that will send the AI push notification.

I get sms alerts and also other push notifications on my mobile device from the exchanges I use however it hasn't ever occurred to me that it could be AI enabled. How can I tell that it is AI enabled and not the regular feature that these apps come with?

Quote

The same exchange sent me AI push notifications again not quite long that bitcoin price will go up that I should take the opportunity. It used MACD for the analyses and the conclusion to buy now when bitcoin price fall to $56970.

I get this one about Bitcoin's price move movement as well as other cryptocurrency a lot. I think it is cool that they have AI do these things but it doesn't take the place of the human trader analysis and calculations of when to buy, sell or hold.

I also receive such notifications, probably for about a few weeks, honestly for me they are of little information, since I constantly monitor the market without this. I can not find time to sort out these notifications from the exchange, to leave only notifications about bitcoin, the rest seem unnecessary to me.

Quote from: Oshosondy on August 15, 2024, 03:57:00 PM

Even I do not see it accurate. It is just normal and it can mislead newbies. Only useful more for pro traders. I still see it helpful like just alert and nothing more. There is more to trading than indicators.

Yeah, it's just a notification and price movement, nothing more. Besides, I don't see any benefit from them, since the exchange allows you to set up notifications for each coin you are interested in, so these notifications are another useless innovation from the exchange. Even for beginners I don't see any benefit in this, it just seems like another reminder about the exchange, nothing more.

nelson4lov

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I won't trust those price alerts and AI trade ideas too much. It's 2024 and AI still can't make decisions on its own. The edge in trading markets (not just crypto) isn't just technical analysis but also trading psychology. AI can get very good at technical analysis and anyone that blindly follows their trade ideas might lose consistently because it lacks trading psychology and for most profitable traders out there, trading psychology has been a key ingredient in their trading success and that's one thing that AI don't have (yet). If only TA was the key, we'd have more profitable traders than losers but we don't and that's something to keep in mind before you decide to ape into anything AI suggests. That said, it worth noting that such info might be good to know even if you don't necessarily need to take the trades.

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Are you talking about the trading bots? How do you manage to give you a signal when it touches the target position?
It seems I can't find the push notification but those bots have their own specific setup on what price you buy and sell.
It's too risky if you follow the signal unless you confirm that price or position is a good opportunity and confirm it with other indicators.

Is the signal free? I think there's a good use of them not for the short term but for the long term, I think you need to observe first how it works and try to combine it with other indicators this needs patience I guess since these AI/bots don't have backtesting tool unlike on tradingview you can able to play with paper money and test any indicator and strategies you want with fast result.
It's too risky to use them alone so confirming the signal with other strategies like Fibonacci or other indicators like VWAP might give you more insight if the signal is right.

Ultegra134

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I've never heard of AI signals from exchanges; would you mind sharing which exchange it was? I'm already annoyed by Binance's push notifications about Bitcoin's price dropping (or any other coin that fluctuates in price; I receive a notification), let alone them bothering me with AI predictions in an attempt to persuade you into buying or selling your coins. I mean, what kind of purpose do they serve? Is it an attempt to increase trading volume and harvest as much in fees as possible, or are they using it as a feature to promote to their users that their exchange offers free trading signals as well?

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Quote from: Oshosondy on August 15, 2024, 03:22:25 PM

Have you noticed AI signals push notifications from exchanges? Although among about 7 exchanges that I am using, I noticed an exchange that will send the AI push notification.

The first that I noticed was yesterday. The exchange sent to me that Ton is oversold. It also indicated that it is bollinga band that it used for it. And also it is AI.

The same exchange sent me AI push notifications again not quite long that bitcoin price will go up that I should take the opportunity. It used MACD for the analyses and the conclusion to buy now when bitcoin price fall to $56970.

But I noticed that the market can be very bearish more. So I do not believe in the indicator than to make use of it as an alert that can make you make urgent analyses to buy, sell or not.

The thing is AI is getting the much needed hype and people are really taking it into anything so I am not surprised seeing it been used for trading purposes. If you ask me I will say it is not bad and it is also very wrong to totally depend or rely totally upon its information, it is designed in a defined way but as a human you are not that static, rather your own analysis is dynamic and more accurate than any tool if you ask me.

The bollinga band indicator has alway be used to check the overbought or oversold status of a pair same as that of MACD but have we been using it independently, No so I will say you should treat the AI signal just as you treat the indicators let it be just and information but the setup should be your own known strategy, at least if you lose you will know where the problem is coming from

gunhell16

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Quote from: Oshosondy on August 15, 2024, 03:22:25 PM

Have you noticed AI signals push notifications from exchanges? Although among about 7 exchanges that I am using, I noticed an exchange that will send the AI push notification.

The first that I noticed was yesterday. The exchange sent to me that Ton is oversold. It also indicated that it is bollinga band that it used for it. And also it is AI.

The same exchange sent me AI push notifications again not quite long that bitcoin price will go up that I should take the opportunity. It used MACD for the analyses and the conclusion to buy now when bitcoin price fall to $56970.

But I noticed that the market can be very bearish more. So I do not believe in the indicator than to make use of it as an alert that can make you make urgent analyses to buy, sell or not.

I haven't tried that exchange AI signal yet, but since it's an exchange, I think it's normal to give a notification to their traders who are doing such trading activities.
Especially if you are verified on that exchange platform.

Because when I do trading activity in futures trading, I am notified most of the time when my set-up SL or TP is filled, so what you are saying is probably the same.
Though, just like there is also some of the indicators I do not believe in too.

JeffBrad12

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it's a good head up but most of the time it's useless though, these AI push notification exist to attract more trades, seemingly giving advices in regard of current market situation based on indicator but really it's just to make people create hasty decision and boost those fee earning that exchange got Grin

.

these AI analysis in regard of market indicator also created as subtle as it could so to not look like it's giving financial advice, so you can take your own conclusion what these AI push notification created for Grin

.

GreatArkansas

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Quote from: Oshosondy on August 15, 2024, 03:22:25 PM

(....)

But I noticed that the market can be very bearish more. So I do not believe in the indicator than to make use of it as an alert that can make you make urgent analyses to buy, sell or not.

I believe these are just part of their strategy, the more notification like this could lure their users to use their exchange, even simple notifications, but with this. Their customer will be curious and open the notification, then see the analysis of the A.I. on their app.
I experienced this multiple times, it is good for me just to give me some insight on the market, but I am still doing my own analysis just to confirm.

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Those AI signals are just BS, hehehe.

Any exchange or some insiders could actually use those signals to poach noobs.
1. Exchange pushes a signal notifying users the market is on going to drop
2. Gullible users enter short position
3. Exchange, whales and all other insiders Long and sweep off the small short positions Grin

4. Repeat for the new set of Gullible traders.

SamReomo

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Just avoid those signals as it's not worth it to follow those exchanges signals because those signals often are incorrect and those who follow such signals may lose some money if market gets dumped even more.

I used to get similar signals on Binance but I just avoided those signals as those are nothing but interruptions for me. I don't if the Binance's signals are those AI signals but they are similar to what you mentioned OP.

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Quote from: Oshosondy on August 15, 2024, 03:57:00 PM

I also get push notifications but this one is different. It indicated itself as AI signals.

Anyone could say its signals or predictions are AI-generated, but that doesn't make them accurate or true.

If someone had been able to develop a model that would be able to precisely guess the market then they wouldn't have sold it, also the guys in charge of the exchange would quit running one and just traded themselves.
There is no AI behind it, it is just cheap analysis that anyone can do with a simple google sheet page, the rest is marketing.

Oshosondy

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Quote from: bitbollo on August 15, 2024, 04:03:18 PM

I will never trust such signals unless these have a good historic track and they take in count many variabless at the same time.

Are indicators perfect? No. If a trader is only using indicators to trade, he will perfectly lose his money. What I noticed from the AI is that it is using indicators. It will even mention the indicator. So definitely it is not perfect. But I pity the newbies because they might not know this.

Quote from: khiholangkang on August 15, 2024, 04:05:12 PM

I saw that from Bybit, where the exchange often gave the same notification as you said, oversold and others to my cellphone and said that it was an opportunity to buy with us, but unfortunately I did not listen to the push AI, I always rearrange it with The own way to draw conclusions before trading.

Bybit is the exchange that I am referring to. I start noticing it since yesterday.

Quote from: khiholangkang on August 15, 2024, 04:05:12 PM

Urgent? Come on a friend, in taking a position in trading do not rush to make decisions, we must consideration well, besides seeing technical it also needs to see the overall market sentiments, making the decision to rush is not what is recommended in conducting trade.

I can not agree more. You are very correct.

Quote from: royalfestus on August 15, 2024, 04:12:37 PM

I expected the OP to advocate for using AI signals from exchanges to inform my comments. However, I would never trust those signals, as exchanges are the biggest manipulators in the cryptocurrency market. Eventually, they’ll deny any involvement in the signal publication, blaming any inaccuracies on AI imperfections.

Do not trust the signals. But about the manipulation. I can read many indicators accurately. The exchange is not lying. I checked the indicators and they indicated what the AI tells about them. But you should not trust it because indicators are not perfectly accurate.

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I expected the OP to advocate for using AI signals from exchanges to inform my comments. However, I would never trust those signals, as exchanges are the biggest manipulators in the cryptocurrency market. Eventually, they’ll deny any involvement in the signal publication, blaming any inaccuracies on AI imperfections.

khiholangkang

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Quote from: Oshosondy on August 15, 2024, 03:22:25 PM

Have you noticed AI signals push notifications from exchanges? Although among about 7 exchanges that I am using, I noticed an exchange that will send the AI push notification.

The first that I noticed was yesterday. The exchange sent to me that Ton is oversold. It also indicated that it is bollinga band that it used for it. And also it is AI.

The same exchange sent me AI push notifications again not quite long that bitcoin price will go up that I should take the opportunity. It used MACD for the analyses and the conclusion to buy now when bitcoin price fall to $56970.

But I noticed that the market can be very bearish more. So I do not believe in the indicator than to make use of it as an alert that can make you make urgent analyses to buy, sell or not.

I saw that from Bybit, where the exchange often gave the same notification as you said, oversold and others to my cellphone and said that it was an opportunity to buy with us, but unfortunately I did not listen to the push AI, I always rearrange it with The own way to draw conclusions before trading.

Urgent? Come on a friend, in taking a position in trading do not rush to make decisions, we must consideration well, besides seeing technical it also needs to see the overall market sentiments, making the decision to rush is not what is recommended in conducting trade.

bitbollo

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I will never trust such signals unless these have a good historic track and they take in count many variabless at the same time.
I don't think that "good" news or effective tools will be made available for all traders Roll Eyes

that's why I am very skeptical on thse tools.
Of course this not means the AI signals will not work for some time/predictions... but it's really hard to trust for "real money"

Oshosondy

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Quote from: Davidvictorson on August 15, 2024, 03:38:33 PM

I get sms alerts and also other push notifications on my mobile device from the exchanges I use however it hasn't ever occurred to me that it could be AI enabled. How can I tell that it is AI enabled and not the regular feature that these apps come with?

I also get push notifications but this one is different. It indicated itself as AI signals.

Quote from: Davidvictorson on August 15, 2024, 03:38:33 PM

get this one about Bitcoin's price move movement as well as other cryptocurrency a lot. I think it is cool that they have AI do these things but it doesn't take the place of the human trader analysis and calculations of when to buy, sell or hold.

Even I do not see it accurate. It is just normal and it can mislead newbies. Only useful more for pro traders. I still see it helpful like just alert and nothing more. There is more to trading than indicators.

Davidvictorson

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Quote from: Oshosondy on August 15, 2024, 03:22:25 PM

Have you noticed AI signals push notifications from exchanges? Although among about 7 exchanges that I am using, I noticed an exchange that will send the AI push notification.

I get sms alerts and also other push notifications on my mobile device from the exchanges I use however it hasn't ever occurred to me that it could be AI enabled. How can I tell that it is AI enabled and not the regular feature that these apps come with?

Quote

The same exchange sent me AI push notifications again not quite long that bitcoin price will go up that I should take the opportunity. It used MACD for the analyses and the conclusion to buy now when bitcoin price fall to $56970.

I get this one about Bitcoin's price move movement as well as other cryptocurrency a lot. I think it is cool that they have AI do these things but it doesn't take the place of the human trader analysis and calculations of when to buy, sell or hold.

Quote

But I noticed that the market can be very bearish more. So I do not believe in the indicator than to make use of it as an alert that can make you make urgent analyses to buy, sell or not.

I agree with you and I think that this is basic thing that other crypto traders should know.

Oshosondy

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Have you noticed AI signals push notifications from exchanges? Although among about 7 exchanges that I am using, I noticed an exchange that will send the AI push notification.

The first that I noticed was yesterday. The exchange sent to me that Ton is oversold. It also indicated that it is bollinga band that it used for it. And also it is AI.

The same exchange sent me AI push notifications again not quite long that bitcoin price will go up that I should take the opportunity. It used MACD for the analyses and the conclusion to buy now when bitcoin price fall to $56970.

But I noticed that the market can be very bearish more. So I do not believe in the indicator than to make use of it as an alert that can make you make urgent analyses to buy, sell or not.

Topic: Exchanges AI signals (Read 148 times)