An easy-to-use tool that scans thousands of cryptocurrencies in minutes
From AI-powered chatbots like ChatGPT and Bard to AI-enabled drug discovery processes, AI has changed the business landscape tremendously and nothing is going to be the same again. One study by research firm McKinsey shows generative AI could enable automation of up to 70 percent of business activities across almost all occupations, between now and 2030, adding trillions of dollars in value to the global economy.”
The world of cryptocurrency trading is not left out of this AI wave, with new tools like Tickeron’s Real Time Patterns (RTP) tool bursting onto the scene to transform how trading is done.
Tickeron’s innovative RTP tool is a game-changer in the world of cryptocurrency trading. This powerful tool is designed to revolutionize how you discover and interact with trading patterns in the dynamic crypto market.
Key Features of RTP:
Effortless Pattern Discovery: RTP enables you to effortlessly uncover a wide range of trading patterns across the cryptocurrency landscape. With just a few clicks, you can access real-time insights into dozens of patterns, making it easier than ever to spot potential trading opportunities.
Advanced AI-Driven Analysis: At the core of RTP is an advanced AI system that meticulously scans through thousands of cryptocurrencies and other assets. It not only identifies patterns based on your criteria but also provides a historical analysis to offer 'confidence ratings'. These ratings are crucial in helping you gauge the potential success of each pattern, thereby empowering your trading decisions with data-driven insights.
Customizable Trading Experience: Recognizing that every trader has a unique style, RTP offers customizable search options to align with your individual trading approach. Whether you prefer aggressive short-term trades or more conservative long-term strategies, RTP adapts to meet your needs.
Unique Market Positioning: Tickeron’s RTP stands out in the market with its unique blend of deep, AI-backed analysis and user-friendly interface. The combination of confidence level ratings and temporal signals positions RTP as a distinctive tool amongst a sea of standard market solutions.
Diverse Pattern Types and Time Frames: With RTP, flexibility is at your fingertips. The tool can analyze an impressive array of 39 different pattern types across various time frames – from as short as five minutes, 15 minutes, 30 minutes, one hour, four hours, or one day. This versatility ensures that you have comprehensive coverage of market movements, no matter your preferred trading tempo.
Tickeron's RTP tool is more than just a pattern scanner; it's your gateway to smarter, more informed crypto trading. By harnessing the power of AI and offering unparalleled customization, RTP provides a competitive edge that can redefine your trading experience.
Example: The Rising Pennant Pattern
Visualizing Trends: In the Rising Pennant pattern, the consolidation phase, characterized by fluctuating prices within a converging range, is visually similar to a pennant flag. This visualization aids traders in recognizing the pattern and preparing for potential market moves.
Anticipating the Breakout: The 'breakout' point in this pattern is critical. Traders psychologically prepare to act when the price moves beyond the consolidation range, often with an expectation of an uptrend (price increase).
Adaptation with Technology: Before advancements like Tickeron’s product, traders had to manually identify and interpret these complex patterns. Now, AI-driven tools can automate pattern recognition, reducing the cognitive load and emotional strain on traders, allowing for more objective and timely decision-making.
In essence, pattern trading in cryptocurrencies merges technical analysis with psychological elements. Traders not only interpret chart patterns but also manage their cognitive biases, emotional responses, and risk assessments. Understanding this interplay is crucial for successful trading and for appreciating the impact of technological tools that simplify and enhance this process.
The Psychology Behind Pattern Trading
Pattern trading in the cryptocurrency market involves a psychological interplay between anticipation, prediction, and reaction. Traders rely on patterns in crypto prices to discern potential trends that could hint at future price movements. This reliance on patterns is rooted in the belief that historical price movements can offer insights into future market behavior.
Seeking Predictability in a Volatile Market: Cryptocurrency markets are known for their volatility. Traders use patterns to bring a sense of predictability and order to what may seem like random price movements. This need for predictability is a fundamental aspect of human psychology, where patterns provide a framework for understanding and anticipating market behavior.
Pattern Recognition as a Cognitive Process: Humans are naturally inclined to recognize patterns. In trading, this translates to identifying specific formations in price charts that have historically signified bullish or bearish trends. The ability to spot these patterns is not just a technical skill but also a cognitive one, involving memory, attention to detail, and analytical thinking.
The Influence of Confirmation Bias: Confirmation bias plays a significant role in pattern trading. Traders may prefer certain patterns based on past successes, leading them to seek out these patterns more frequently. This bias can reinforce their belief in the predictive power of these patterns, sometimes at the expense of overlooking contradictory evidence.
Emotional Response to Market Movements: The anticipation of a pattern’s breakout point can create an emotional response. For instance, in a Rising Pennant pattern, as the consolidation phase nears its end, traders may experience excitement or anxiety, anticipating the ‘breakout’ moment to make a profitable move.
Risk and Reward Assessment: Engaging in pattern trading also involves a psychological balancing act between risk and reward. Traders must constantly assess whether the potential gain from a predicted price movement outweighs the risk of the pattern not materializing as expected.
How RTP Changes Pattern Trading
Let's delve further into how RTP (Real-Time Pattern) revolutionizes pattern trading and its unique features:
RTP's Adjustable Time Frames: Navigating the vast landscape of cryptocurrencies, forex, and various other assets to identify patterns can be an arduous task. In the past, traders had to manually scrutinize each asset, racing against time to spot patterns before market conditions changed. RTP recognizes the importance of time frames in pattern trading and offers users the flexibility to choose from a range of adjustable time frames, including 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, and 1 day. This customization is invaluable for serious investors who can align their trading strategy, whether it's day trading or swing trading, with their preferred time frames.
Seamless Pattern Identification: With the chosen time frames in place, users simply specify the pattern they are interested in and set an acceptable minimum confidence rating. The AI takes it from there, diligently scanning the data and promptly notifying users as soon as it detects the desired patterns. This automation streamlines the trading process, freeing traders from the tedium of manual analysis.
RTP's Backtesting Innovation
What truly sets Tickeron's products apart is their commitment to providing comprehensive insights. RTP goes beyond pattern detection; it harnesses the power of AI to analyze historical success rates for each pattern, ultimately determining its likelihood of profitability. This analysis results in a confidence level percentage, empowering users with a data-driven understanding of whether to buy or sell. This innovation leverages the right data to deliver deeper insights, showcasing the full potential of advanced AI.
Sergey Savastiouk, Ph.D., founder at Tickeron, highlights the importance of historical context, stating, "It's not enough to merely identify a pattern; you need to know how it has performed in the past. Otherwise, you're left interpreting market movements manually, a time-consuming process that yields less nuanced results compared to what AI can achieve in mere seconds."
Confidence Rating for Informed Decision-Making: The confidence rating is a pivotal component of Tickeron's commitment to providing users with the most informed trading decisions. Armed with this data, users can confidently navigate the intricate world of pattern trading, secure in the knowledge that they have access to the most relevant insights.
Enhanced Cryptocurrency Insights with RTP: RTP goes the extra mile by providing not only pattern detection but also predictions of breakout prices, target prices, and other critical statistics with each search. Results are promptly delivered to users' inboxes, enabling them to take action at their convenience. Moreover, users can conveniently bookmark their preferred patterns, allowing the AI to continuously monitor their status. This feature ensures that investors can return to a pattern in the future, providing a seamless and efficient trading experience. Regardless of an investor's preferred pattern trading strategy, RTP equips them with customizable tools for success, all presented through an intuitive and user-friendly interface.
In conclusion, RTP revolutionizes pattern trading by automating the identification process, offering backtesting insights, and delivering comprehensive data to empower traders in making informed decisions. With its customizable features and user-friendly interface, RTP is a valuable tool for investors seeking to navigate the dynamic world of cryptocurrencies and other assets.
What to do
Investors can try RTP with a free 14-day trial, or get the product for free by subscribing to AI Trading Bots and using their included credit on RTP. Users can also access webinars, how-to videos, and one-on-one lessons at Tickeron’s website, which is an essential resource for any investor eager to leverage the power of AI.
“Pattern trading used to be reserved for those who had the time to search,” notes Dr. Savastiouk. “Thanks to RTP, we’re in a new age of AI-backed stock analysis. The average investor now has data and insights that were unimaginable before. We’re in a new exciting era of pattern trading investing—we’re glad to help provide access to that success.”
Professional investors use the following three step process for stock trading:
Step 1. Identify dozens of potential stocks out of thousands for long and short positions using fundamental analysis and AI Screener.
Step 2. Discover stock patterns from Step 1. for long and short directions using Chart Pattern Scanner, correspondingly.
Step 3. Build a market neutral portfolio for a day or swing trading strategy to ensure profits from either of the global market movements.