Using ChatGPT to Understand When to Buy Pi Network (PI)

Pi Community and it’s native cryptocurrency – Pi Coin – are undoubtedly amongst essentially the most polarizing matters throughout the group. Nonetheless, we’ve determined to conduct a enjoyable experiment and use the distinguished AI-based chatbot ChatGPT to know when it could be time to purchase PI throughout the present market context, in fact.

The next is a dialog with ChatGPT and its arguments primarily based on the 1-day, 4-hour, and 1-hour worth charts. Let’s see the way it goes.

Defining Expectations and Tuning the AI

Should you’ve had any expertise with ChatGPT, you’ll know that its information set could possibly be missing in sure areas. That’s why it’s necessary to high quality tune it if you’d like extra exact solutions.

First, it’s necessary to outline the position of the bot for the dialog. In our case, we would like it to behave from the standpoint of an expert analyst and crypto dealer, in order that’s what we inform it.

As quickly as we try this, although, you possibly can see a few of its issues:

As you possibly can see, ChatGPT doesn’t acknowledge PI as an formally tradeable cryptocurrency and hasn’t but acknowledged the very fact of its mainnet launch, which came about earlier this 12 months. We needed to remind it.

Okay, we’re lastly on the identical web page. It’s sourcing worth info from Binance’s web page. Funnily sufficient, Binance is but to checklist PI, if it ever will, however that’s a topic for another discussion.

Pi Community Value Evaluation: ChatGPT vs. Charts

I’ll present the photographs from the TradingView chart and ChatGPT’s reply in a single edited body in order that it’s simpler to navigate.

Beginning with the 1-day chart.

To summarize, ChatGPT considers PI to be in a robust bearish pattern since reaching its all-time excessive in late February and is presently in a “capitulation to accumulation” section with key assist at $0.50 – $0.52 and “excessive” assist at $0.40 – $0.42. Let’s transfer on to the 4-hour chart.

The primary conclusions from this, in keeping with ChatGPT, are that the assist zone is at round $0.52 – $0.53, which it additionally calls the “crucial purchase zone,” whereas the resistance is discovered at $0.56 – $0.58.

And now, let’s transfer on to the 1-hour time-frame.

The takeaway from that is that the $0.52-$0.53 zone is performing as a “agency base,” whereas the $0.56 worth level is the fast resistance.

Finest Time to Purchase PI Coin?

And now, for the grand finale, let’s see what ChatGPT thinks is one of the best technique and when to purchase PI coin.

As you possibly can see, the first purchase zone is at what the bot recognized as the first assist zone – kind of the place, the value is presently buying and selling at round $0.52 to $0.53.

If you’re affected person, although, the higher-reward play, though with decrease likelihood is to purchase throughout circumstances of maximum capitulation, which might happen if the value hits $0.42 – $0.44.

Alternatively, in case you are searching for a safer play, you possibly can anticipate the value to reclaim the native resistance with quantity. It’s discovered at $0.56.

It’s very fascinating to see if this evaluation will maintain any floor. After all, deal with this as nothing however an experiment and understand that none of what you learn right here is monetary recommendation. That is simply the evaluation of an AI-based chatbot that had arduous occasions figuring out whether or not or not PI was really listed on exchanges.