With the advent of GPT-type chatbots, of course, I set a task: to analyze the bitcoin graph. I was very interested to see what the AI would answer me. But the request was refused to me, referring to the fact that AI cannot do technical analysis.
So why is it that AI can process large amounts of data, but cannot do technical analysis of the graph?

Artificial intelligence (AI) is a technology that allows computers to learn from data and use this information to make decisions. However, despite all its capabilities, AI cannot completely replace a person in the technical analysis of cryptocurrency charts.

The first and main limitation of AI in analyzing cryptocurrency charts is the complexity of the analysis process itself. Technical analysis of cryptocurrency charts is a process that requires an analyst to have knowledge of economic and financial indicators, as well as certain skills in mathematics and statistics. While AI is capable of processing large amounts of data, it cannot independently understand the essence of technical analysis and make the right decisions.

The second limitation of AI is the absence of the human factor. Technical analysis of cryptocurrency charts is not only the analysis of numerical data, but also taking into account factors that cannot be measured in numbers, such as news and events that can affect the price of cryptocurrency. A human can take these factors into account when analyzing graphs, while an AI cannot.

The third limitation of AI is the inability to take into account changes in the market. The cryptocurrency market is constantly changing, and new factors can affect the price of cryptocurrencies. A person can quickly adapt to changes in the market and change their analysis, while AI cannot.

Despite all these limitations, AI can still be a useful tool for analyzing cryptocurrency charts. AI can process large amounts of data and highlight certain trends and patterns on charts. However, for a full-fledged technical analysis of cryptocurrency charts, it is necessary to use a combination of AI and a human analyst.