I am trying a simple method with the trading pair $XAU . Analyzing everything the usual way and opening Binance Ai Pro to see how it thinks about the market
Initially, I thought the results would be quite similar. But the reality is different
Traditional analysis:
It involves reading candlestick patterns, identifying trendlines, finding resistance and support zones, determining Fibonacci, along with dozens of indicators from RSI, MACD,… and finding entry points with appropriate volume, it takes a lot of time but I know exactly when I should place an order
But, I only see what I understand
Analyzing with Binance AI Pro is another issue
Data returns instantly, with many scenarios presented along with perspectives,
Extremely detailed about the indicators and perspectives, the signals and unusual information that I cannot identify
This is a huge issue. It does not change my decision but gives me a different perspective on risk management
What’s the difference here?
- Data processing speed
- perspective and detailed analysis to the point of... extremism
- Market sentiment
But not everything is good
- AI does not understand what I am thinking and is also not responsible for the information it provides
- And if overly reliant on it, I cannot know when it is wrong, sometimes the data will also have issues, and the loss will be a number in my account
Conclusion
- AI does not make traditional analysis worse, it makes everything clearer
- Combining both is a way to open up many new areas, this is a great tool to check the data that I have analyzed myself
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Disclaimer:
Trading involves risk. Outputs generated by AI are not financial advice. Past performance does not guarantee future results. Please check the availability of products in your area.
@Binance Vietnam #BinanceAIPro
