how to follow whales? | Bitcointalksearch.org

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

I use technical analysis. And for me volume would be enough. When there is a big spike on price and somehow volume has little to know. For that simply means,. there is a while that is buying on bulk and massive amount on lower price. That will result then on higher prices, probably a breakout on previous high or a moving average. 99MA or 50 moving average. For me that is enough. The challenging part would be finding relevant coins and project so you may consider having a list.

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Quote from: eth0x432FF on March 27, 2024, 03:53:32 AM

Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

You should change the concept of your strategy. You need to move away from chart patterns and pay attention to other parameters: liquidity, structure and POI efficiency. This whole trading concept is called SmartMoney. You see movements from the big players on the chart, RR is bigger and the execution is better.

That means op need to pay attention to the news just like the fundamental analysis rather then sticking to chart which could not have a serious effect on the market at large. Cryptocurrency is crypto everyday and there have been different patterns traders and investors had been using to make money on the exchange. It is very important for one to follow the news and make proper investments.
There are different strategies one can use to trade and invest in the cryptocurrency market.

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There are many types of people in the market the aim of whaling is to make it so low that all individuals leave their children with what they can spare. look at tron or waves see if they first remove the panicked sellers and lower the price a bit then they try to fix the price in the case of bitcoin so that the traders get fed up and leave it. There are endless strategies and it is very difficult to follow the whales in the crypto market so proceed with caution.

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Bro who pump this old thread hahahah this come from 2015 and the OP probably not gonna online hahaha.

For now you can follow whale through web 3 app like debank or something like that but this can be done with web 3 related

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Quote from: Hamphser on March 27, 2024, 09:43:05 AM

Totally difficult i would say on which these whales arent that someone whom you could really be able to follow.Somehow excluding into those known whales on X on which you could really be able to watch out
on what they are doing but actually knowing before their purchase then this is something that cant be known. They might be telling something but they had already positioned themselves at the bottom and this is why it would really be that too hard or something too risky for you chase them up on trying out to follow because you might be ending up on holding into the peak once these whales would really be selling out.
This is why its better that you shouldnt really be trying out to make yourself that chasing up on whatever their movement would be and besides there's no way that you could be able to tell
on whose whale and those fakes.

That's right, following whales in the crypto market is not easy, you could only do what they do quite a while later, and crypto is quick so it is not going to be easy. This isn't stock market where you just buy whatever warren buffet buys, that type of thing is not working at crypto so it wouldn't really be reasonable to expect people to do something like that.

I believe that we are going to have some trouble one way or another, and we should avoid having these troubles. I believe that the best thing to do in this case would be just focusing on what we could do ourselves without checking what whales do. After all, if you learn TA and FA well enough, you should be considering the situation to be growing much better in the end.

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Quote from: Arenga pinnata on March 27, 2024, 09:26:43 AM

This is something I am also studying. But it is quite difficult to know and follow the movements of whales in the market. And because it was quite difficult, I changed my perspective and tried to be more active in looking for information. So I can get earlier information. Because most whales they also move based on information. So the steps I took were steps that whales might also take. Although I'm not sure. But so far I have made quite a profit after being more active in searching for information. Maybe people call it fundamental analysis. And I have to admit that information is one of the triggers for market movements.

Whales move with information, when they have information about something new that the maker doesn't know they start taking action therefore if you want to follow whales and be able to do things like they're doing you have to follow the information. You can observe their wallets too, there are some whales wallet that are known to the public and if you keep observation of the wallet you can buy the coins that they're buying and also sell the coins that they're selling. I won't monitor a whales wallets for when they're buying or selling Bitcoin but I can do it for altcoins because I don't know how to buy good altcoin but when investing in Bitcoins, I know when to buy and when to sell to take profits. Following whales have advantages and disadvantages because whales can manipulate those that are following them.

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

It's really difficult because if you say a group of whales, means they are multiple and for sure some of them have this special access to coordinate with each other if they want to make some manipulation.
Some whales also are alone and depends on their size how they can affect the market.

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Quote from: Arenga pinnata on March 27, 2024, 09:26:43 AM

Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

This is something I am also studying. But it is quite difficult to know and follow the movements of whales in the market. And because it was quite difficult, I changed my perspective and tried to be more active in looking for information. So I can get earlier information. Because most whales they also move based on information. So the steps I took were steps that whales might also take. Although I'm not sure. But so far I have made quite a profit after being more active in searching for information. Maybe people call it fundamental analysis. And I have to admit that information is one of the triggers for market movements.

what method would you utilize to know what move the whales gonna take next though if we can figure it out then its definitely gonna give us edge against these whales but so far i've found a thing except just monitoring whales address on whale alert which usually don't really mean anything except that we are notified first hand when these whales are making move but when they are making move they're probably done with their thing anyway.
therefore i haven't found any effective method as of yet other than just following their buy order which hopefully might really means that certain coin gonna be pumping.
personally though I don't really believe just a small group of whales could control the market, the trading volume and market cap is too high for that but i can be wrong though
after all sometime the market just moves so absurdly sudden dump and pump is kinda normal scene in the market of crypto but then again
that doesn't necessarily means market is manipulated.

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Quote from: Arenga pinnata on March 27, 2024, 09:26:43 AM

Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

This is something I am also studying. But it is quite difficult to know and follow the movements of whales in the market. And because it was quite difficult, I changed my perspective and tried to be more active in looking for information. So I can get earlier information. Because most whales they also move based on information. So the steps I took were steps that whales might also take. Although I'm not sure. But so far I have made quite a profit after being more active in searching for information. Maybe people call it fundamental analysis. And I have to admit that information is one of the triggers for market movements.

Totally difficult i would say on which these whales arent that someone whom you could really be able to follow.Somehow excluding into those known whales on X on which you could really be able to watch out
on what they are doing but actually knowing before their purchase then this is something that cant be known. They might be telling something but they had already positioned themselves at the bottom and this is why it would really be that too hard or something too risky for you chase them up on trying out to follow because you might be ending up on holding into the peak once these whales would really be selling out.
This is why its better that you shouldnt really be trying out to make yourself that chasing up on whatever their movement would be and besides there's no way that you could be able to tell
on whose whale and those fakes.

Arenga pinnata

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

This is something I am also studying. But it is quite difficult to know and follow the movements of whales in the market. And because it was quite difficult, I changed my perspective and tried to be more active in looking for information. So I can get earlier information. Because most whales they also move based on information. So the steps I took were steps that whales might also take. Although I'm not sure. But so far I have made quite a profit after being more active in searching for information. Maybe people call it fundamental analysis. And I have to admit that information is one of the triggers for market movements.

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Quote from: Adbitco on March 25, 2024, 02:14:00 PM

Following whales are like digging a part for yourself to sink into lose usually when followed whale you should know that your capital and their capital can never be the same let say you invest in a project with about $10k and a whale invest with about $500k if market reduces to -65% meaning you are losing $6.5k from your $10k leaving you with $3.5k at this point if you don't have patient enough to hold you could end up waiting your resources.

So it's better do your investment and make your findings whenever the market increases you take profits and let the market swing the way that please itself, people who are always greedy looking forward to follow some specific people to trade always ends up in regrets that is why we must follow them rather trading within your level of investment.

thats true, difference in capital contribute to whether the trades gonna results in success or not.
there are many people that eager to follow whales movement but most of whales are doing trades inside centralized exchange where its unlike using dex where the transaction recorded in the blockchain instead cex will only display the sell or buy order and that doesn't necessarily implies that whales are buying up if somehow market turning green because whales usually make their transactions across various exchange to spread liquidity or supply and avoid big slippage if they want to make buy order within short amount of time.
therefore following whales might be a stupid move to be honest these whales will definitely have better insight than most of us, we might become exit liquidity for them if we just blindly follows these whales game.

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

You should change the concept of your strategy. You need to move away from chart patterns and pay attention to other parameters: liquidity, structure and POI efficiency. This whole trading concept is called SmartMoney. You see movements from the big players on the chart, RR is bigger and the execution is better.

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There are several tools which allow you to set up custom Telegram alerts. You can specify certain variables such as ‘coin’ and ‘amount transferred’ and you will receive an alert whenever there is blockchain activity that meets this criteria. You can also follow movements from specific addresses if you happen to know the wallet of a specific whale you would like to follow.

Here is an alert I set up whenever somebody transfers over $1,000,000 of a token I had invested in:

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Whales don't do whatever they want with the price of BTC or any Crypto for that matter. All they do is influence the market trend, to be either bullish or bearish which in turn also affect the demand or cause a fee rise in price for transaction due to network congestion.

The best way to follow whale investors is to pay close attention to the news to hear the largest acquisition or investment an investor has made. Like for Michael Saylor of Microstrategy who early this March, acquired $12k worth of BTC and is still intent to increase the figure.
He is a whale investor and for the social platforms which share such crypto news as well as offer crypto signals for traders, they should be followed to know more of these whales and when they do move their funds, so one doesn't become an early victim of whale movements affecting their trading gains and plans.

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It is difficult to follow whales movements because we never know where the whales will move. Besides that, when some coins are moved, it is not necessarily a movement of whales. The large volume also does not guarantee it is a whale move.

Maybe you can analyze the coins on the market and then determine which coins you will analyze further. However, knowing whether whales are following the coin will not be easy because no one knows who is trading the coin.

That's why you have to have the ability to analyze coin movements so you can know which coin will move, although that doesn't guarantee you can know for sure. We can only try to analyze to find the coin.

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them?

I think the essence of trading is to follow market movements. Too many indicators sometimes make us confused. I'm prefer to follow the trends in the market. We have to look at price trend movements on several different time frames so we can find the major trend. When the trend is bullish, then buy and hold until the trend changes. If the trend is bearrish, then sell or stay clam. It is also important to carry out fundamental analysis so that we have an investment plan and can carry out technical analysis to make investment selection and proportions. If your prediction is wrong, make corrections immediately so you don't experience a lot of losses and correct it another time. I don't believe in whales and I even don't know them, I believe it is a market trend and I will follow it.

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Quote from: Gladitorcomeback on March 25, 2024, 02:50:55 PM

Quote from: Adbitco on March 25, 2024, 02:14:00 PM

Following whales are like digging a part for yourself to sink into lose usually when followed whale you should know that your capital and their capital can never be the same let say you invest in a project with about $10k and a whale invest with about $500k if market reduces to -65% meaning you are losing $6.5k from your $10k leaving you with $3.5k at this point if you don't have patient enough to hold you could end up waiting your resources.

I don't get your point here. Indeed, the investment capital of a normal trader cannot be equal to the trading capital of a whale, but if a normal trader makes a trade with a whale, on the same cryptocurrency but with a different capital, both would lose the same percentage from their investment if that cryptocurrency loses value. So if you invest $10k and lose $6k in that dip, the whale would lose $600k if he had invested $1m. So the loss percentage is the same and it's based on a trader's loss appetite.

Regardless, a normal trader can't know a whale's movements and when and in which cryptocurrency they will make their trades in, they tend to manipulate the market so that they can earn profit from small traders, so they would never reveal their secrets for the general public.

Okay I understand your point now, look what I am trying to say is that before the market could dip whale has already sold out their holding and as a small trader you won't know they are responsible for the dip whereby a small trader would still have this mindsets that s/he is losing together with the whale without knowing those dude has already taken profits.

The problems is that you can't tell or detect the direction of the whale when they sell or buy but for you know is when the market is dipping as I understand that most of marketing changes is a result of whale manipulating the market or as results if bad news that hit the market so severely.

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Quote from: Mpamaegbu on March 25, 2024, 06:11:52 PM

Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

Don't follow any whale. They will mess up your brain as you will constantly be glued to their wallets as if you don't have a life of your own. In the past I was concerned about that too and on-chain analyses would help in that aspect. It wasn't to monitor when those whales are buying more or selling off what they had. It was purely to check out projects those whales are deploying funds to, and then research those projects if they aren't popular already. In this space, I've come to realize that once a project is being talked about by most people, just know it's already getting late buying into it.

In all these, learning TA (technical analysis) is key. That skill enables one know the likely direction the market could be moving. On TA, the best indicators to use in my opinion are indicators that lead and empower breakouts (BO) like trend lines, pivots points S&R. Learn how to use those and you will be happier you did now. L

However not all people are capable of trading. They are not able to manage their funds due to some stress or technicalities. And that's their last resort is to follow someone who is already making money. There's is nothing wrong with that! In professional terms, that's what you call Copy Trading. As much as you can follow a system, and the person you are following is legitimate then you will be profitable long term.

Most exchanges now are allowing copytrading. Binance I believe do offer copy trading where you can copy trades of profitable trades. Though you may not actually copy whales, you can still have the system of profitable investors and traders.

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

Don't follow any whale. They will mess up your brain as you will constantly be glued to their wallets as if you don't have a life of your own. In the past I was concerned about that too and on-chain analyses would help in that aspect. It wasn't to monitor when those whales are buying more or selling off what they had. It was purely to check out projects those whales are deploying funds to, and then research those projects if they aren't popular already. In this space, I've come to realize that once a project is being talked about by most people, just know it's already getting late buying into it.

In all these, learning TA (technical analysis) is key. That skill enables one know the likely direction the market could be moving. On TA, the best indicators to use in my opinion are indicators that lead and empower breakouts (BO) like trend lines, pivots points S&R. Learn how to use those and you will be happier you did now. L

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Quote from: junglist.massive on December 07, 2015, 12:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

As long as they want to manipulate the market in their own way, their movements are truly difficult to detect unless they are happening at that very moment. Of the things you mentioned, volume is the most reasonable thing to consider. However, once again because they are trying to manipulate the market, it could all be happening secretly.

We can see suspicious market movements based on volume as well, so I think this is the most worth considering.

One thing that might occur to me is that their activities are not always profitable in every activity, but in the end their goal is profit. Yes, if you only follow the movements of the whales half way, there is a big possibility that you will experience losses... so if you understand how to move the same as the movements of the whales, you have to follow from start to finish, because we all know that they can sustain losses. to dump the market and bounce it again to take profit.

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