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.
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Author: Jeff Wilser
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