There possibly a way of tracking whales on cryptocurrency markets

gabmen

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Quote from: rndcoin on March 03, 2018, 12:29:03 AM

Quote from: aardvark15 on March 01, 2018, 05:09:18 PM

You may be able to see large orders on the order books for an exchange, but sometimes they put an order in to make you think they are buying or selling but then they take the order off. In other words they can be bluffing, so it’s hard to know before it’s too late. Also, you can’t just watch the markets all the time to see when it’s happening so it’s hard to time it.

Yes they can be bluffing, this is why I stopped watching an orderbook. It's too unreliable. The information we want is in hidden orders anyway.
If a huge order is not hidden or split into many, then someone probably wants you to see it. Grin

Yup that's how whales play and with how sudden these whales move their assets, you'd be far behind. That's their advantage or the priviledge of having a very big portfolio.

rndcoin

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Quote from: aardvark15 on March 01, 2018, 05:09:18 PM

You may be able to see large orders on the order books for an exchange, but sometimes they put an order in to make you think they are buying or selling but then they take the order off. In other words they can be bluffing, so it’s hard to know before it’s too late. Also, you can’t just watch the markets all the time to see when it’s happening so it’s hard to time it.

Yes they can be bluffing, this is why I stopped watching an orderbook. It's too unreliable. The information we want is in hidden orders anyway.
If a huge order is not hidden or split into many, then someone probably wants you to see it. Grin

aardvark15

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Quote from: rndcoin on February 27, 2018, 10:13:22 PM

Those guys offer to monitor trading volumes on exchanges, do you think it may work?
http://cryptowhaletracker.com/

You may be able to see large orders on the order books for an exchange, but sometimes they put an order in to make you think they are buying or selling but then they take the order off. In other words they can be bluffing, so it’s hard to know before it’s too late. Also, you can’t just watch the markets all the time to see when it’s happening so it’s hard to time it.

Theb

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From their product description they are basically the ones who are doing the technical analysis and it is true as it is one of the only ways to track whales as volume and price action is important. But I do not recommend people going to websites which they analyze for you as the best way is for you to do you analyzation. This way you won't be relying on anyone and if their services become paid you know you can do your own analysis, this services might even mislead you to what they want you to know.

kabzeon

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In tracking whales you can use ETHplorer.io which is yet another blockchain explorer specifically for Ethereum based tokens. But this one has a great interface and makes it really easy to see what addresses are holding the MOST of a token and what percentage that is of the overall current circulating supply. In my due diligence this is a great supplemental tool that gives me some important insight as to what the big Whales are doing with their tokens. Cheers!

Oilacris

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Quote from: TravelMug on March 01, 2018, 03:56:05 AM

Quote from: rndcoin on March 01, 2018, 03:48:26 AM

Quote from: Oilacris on February 28, 2018, 04:33:48 PM

I have surfed the site and I do only see numbers/volumes which I would rather prefer on making TA on Tradingview same as you suggested on here.Topic title is somehow misleading yet we cant able to trace up a whale on seeing those numbers.Even traders don't even know how to track up or know that a whale entered a market and we wont even know on when they would get out.If most of us would figure it out then lots of people would be rich.

Still somehow it has to be possible to figure out. Whales can not go undetected. Should be some direct or indirect manifest of their presence.
Those guys trying to group volumes that build around a specific price point. But you are right, there's probably more needed to that, monitoring blockchain for any suspicious transfers for instance.

Of course they can't be unnoticed for a long time. Remember Jamie Dimon? they were caught buying shit loads of bitcoin after he attack it for several days to bring the price down so that they can buy it cheap.

Later it we find out what they did and they make tons of profits as well. So its really good to see what the whales are getting up to. But for a simple pump-and-dump groups, looks dubious, because they really get out early and exit on time before someone notices what they did there.

If we do base on fundamentals then this would be a good indicator and if you are a good trader and mixing with a little bit intuition and common sense you will able to get the idea on getting in.

Quote from: adaseb on March 01, 2018, 05:11:30 AM

You don't need those services . They won't help you.

If you want to find a whale. One way is to look at the times and sales. Usually a whale uses an iceberg order that doesn't appear in the order books.

But when price approaches that level it can't surpass it because orders appear out of nowhere.

If you notice this... this is a whale.

This is one of their behavior on where they do suddenly came out into a certain order/level and you would realize it where orders are already filled up.

rndcoin

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Quote from: adaseb on March 01, 2018, 05:11:30 AM

You don't need those services . They won't help you.

If you want to find a whale. One way is to look at the times and sales. Usually a whale uses an iceberg order that doesn't appear in the order books.

But when price approaches that level it can't surpass it because orders appear out of nowhere.

If you notice this... this is a whale.

Thanks for the advise will try that one.

I think it's very similar to what this service is doing. Since an iceberg order is not in order-book, the only way to detect it is to monitor actual trades.
The iceberg order has some fixed price, say $9443 per BTC. So, during a period of time (maybe 15 min, maybe 15 hrs) a lot more BTC will be bought for $9443 than for $9442.
If this happens, can we say an iceberg order seats there?

rndcoin

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Quote from: TravelMug on March 01, 2018, 03:56:05 AM

Of course they can't be unnoticed for a long time. Remember Jamie Dimon? they were caught buying shit loads of bitcoin after he attack it for several days to bring the price down so that they can buy it cheap.

Later it we find out what they did and they make tons of profits as well. So its really good to see what the whales are getting up to. But for a simple pump-and-dump groups, looks dubious, because they really get out early and exit on time before someone notices what they did there.

Good stuff, so he used his influence to manipulate the price and then bought it.
How was he caught buying bitcoins though? Did someone notice a large transfer and then suggested it was Jamie Dimon?

adaseb

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You don't need those services . They won't help you.

If you want to find a whale. One way is to look at the times and sales. Usually a whale uses an iceberg order that doesn't appear in the order books.

But when price approaches that level it can't surpass it because orders appear out of nowhere.

If you notice this... this is a whale.

TravelMug

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Quote from: rndcoin on March 01, 2018, 03:48:26 AM

Quote from: Oilacris on February 28, 2018, 04:33:48 PM

I have surfed the site and I do only see numbers/volumes which I would rather prefer on making TA on Tradingview same as you suggested on here.Topic title is somehow misleading yet we cant able to trace up a whale on seeing those numbers.Even traders don't even know how to track up or know that a whale entered a market and we wont even know on when they would get out.If most of us would figure it out then lots of people would be rich.

Still somehow it has to be possible to figure out. Whales can not go undetected. Should be some direct or indirect manifest of their presence.
Those guys trying to group volumes that build around a specific price point. But you are right, there's probably more needed to that, monitoring blockchain for any suspicious transfers for instance.

Of course they can't be unnoticed for a long time. Remember Jamie Dimon? they were caught buying shit loads of bitcoin after he attack it for several days to bring the price down so that they can buy it cheap.

Later it we find out what they did and they make tons of profits as well. So its really good to see what the whales are getting up to. But for a simple pump-and-dump groups, looks dubious, because they really get out early and exit on time before someone notices what they did there.

rndcoin

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Quote from: Oilacris on February 28, 2018, 04:33:48 PM

I have surfed the site and I do only see numbers/volumes which I would rather prefer on making TA on Tradingview same as you suggested on here.Topic title is somehow misleading yet we cant able to trace up a whale on seeing those numbers.Even traders don't even know how to track up or know that a whale entered a market and we wont even know on when they would get out.If most of us would figure it out then lots of people would be rich.

Still somehow it has to be possible to figure out. Whales can not go undetected. Should be some direct or indirect manifest of their presence.
Those guys trying to group volumes that build around a specific price point. But you are right, there's probably more needed to that, monitoring blockchain for any suspicious transfers for instance.

Oilacris

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Quote from: lite on February 28, 2018, 03:43:22 PM

Quote from: rndcoin on February 27, 2018, 10:13:22 PM

Those guys offer to monitor trading volumes on exchanges, do you think it may work?
http://cryptowhaletracker.com/

TA is more reliable lol, some people post their TA on tradingview[1] you can check it out, there's even summary here[2]. nothing is guaranteed though, you might make some or lose some, trade cautiously.

[1] https://www.tradingview.com/symbols/BTCUSD/
[2] https://www.tradingview.com/symbols/BTCUSD/technicals/

I have surfed the site and I do only see numbers/volumes which I would rather prefer on making TA on Tradingview same as you suggested on here.Topic title is somehow misleading yet we cant able to trace up a whale on seeing those numbers.Even traders don't even know how to track up or know that a whale entered a market and we wont even know on when they would get out.If most of us would figure it out then lots of people would be rich.

SIIP

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There is a limited amount of usage you can get out of something like this. For example back when TRX was getting heavily d umped for a good 2 week period. You could actually find the largest TRX wallet that was dumping it, and you could tell that it was a systemic dumping based on how much TRX the wallet was selling. And then all of a sudden the selling stopped on that wallet, and didnt move for like a good 2-3 days, that could be interpreted that whatever dumping plans the whales had is now over and it safe to buy back in. Something like that could work, but its highly situational.

lite

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Quote from: rndcoin on February 27, 2018, 10:13:22 PM

Those guys offer to monitor trading volumes on exchanges, do you think it may work?
http://cryptowhaletracker.com/

TA is more reliable lol, some people post their TA on tradingview[1] you can check it out, there's even summary here[2]. nothing is guaranteed though, you might make some or lose some, trade cautiously.

[1] https://www.tradingview.com/symbols/BTCUSD/
[2] https://www.tradingview.com/symbols/BTCUSD/technicals/

muncuss

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you can track without using the tool, just see for big rise in short time. By the time you using the tool, you lost the train and price just dumped back to previous price (if y looking for pump train)

BrewMaster

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There is trouble abrewing

i don't know how this particular website works but technically speaking it is not a 100% thing but it can work. you can follow the signs of whales in other words the money moving around in the market. for example in altcoins before the pumps there is usually some rise in the volume then a huge rise while the pump is going on then it falls for a moment before it picks up during the dump.

although this site is only supporting BTC/USD so there is not much i can say about it. but it seems like it is using the trend mainly to say it is "bullish or bearish" then the volume!

long story short i wouldn't pay for something like that. and it seems like one of those things that is free for now so that they can advertise it before they start asking for money!

anitaraymonds

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You can only benefit from the whales if you are one of them or that you know who knows them. They will not even tell you the exact time they will leave the market it is only known by them and few confidants.So it is not possible to track dumping and pumping.

macstrong12

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I hope they find a certain way to cut off whales , they ruin reputation of cryptocurrency markets and make it unstable , because of that many of investors scare to invest in it!

setifien19

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I doubt it , because buy & sell operations are made really fast and quickly , the price fluctuates n times / second which leads to missing the opportunity to hit the goal .
Unless they use super smart bots , the track operation would be slow & less productive

rndcoin

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Quote from: peter.from.penn on February 27, 2018, 10:18:47 PM

Nope. It won't work. By the time you realize which cryptocurrencies the whales are pumping or dumping, it's too late. The only way to get a piece of their action is to become a whale insider yourself.

Shitcoins obviously won't work, pump and dump will happen too quickly with them.

What if you monitor established currencies like BTC?
Say we trade BTC, we have to buy low. We can try waiting for another bloodbath, then at the very low, there's a possibility whales would appear and trigger trend reversal, and you may observe it by watching volumes.
Just a theory though. Gonna have to wait to test it.

Topic: There possibly a way of tracking whales on cryptocurrency markets (Read 191 times)