That's the essence of swing trading/day trading. Flipping whenever there is a signal. There's a 50.5k subscriber on that whalebot and it is some kind of self fulfilling prophecy. The tendency of dumping/pumping once they see big transaction signal is high. I highly recommend using it for short trading and not for long term trading. And also the bot is just mentioning huge amount including what you mention. It's up to the trader to interpret and that's not the bot fault.
We're talking about the news topic, not a trading strategy.
Using whalebot was a ridiculously option, there will be always a high transaction but you are still doesn't know for what's that transaction. That's why not really recommended seeing this kind of bot for price action enter/out, talking about 50.5k subscriber? then not really surprise why we have around 90% of trader always lose the trade when they really panic just because see a move transaction.
That's why I mention cryptopanic for long term holders. Short trading is a bit different, There's only few news that pop every minutes or hourly that can affect trading. Of course it will be incorporated with an Hourly Timeframe TA to confirm whether this big transaction will support the TA. I never said to depends solely on the big transaction when doing swing trading. And I believe you are describing uneducated trader.
Like when using MACD, if the indicator showing that there will be a crossover of the 2 moving average then you see a big transaction move to exchange which support your indicator. Whales are very smart and always using TA. With that being said. You can predict what might happened next.
And I believe you should try to revisit again whalebot on telegram. They are not the same as before.
