Quote from: TheUltraElite on October 23, 2018, 08:24:47 AM

Quote from: arpon11 on October 23, 2018, 07:06:16 AM

The whales and big investors did not need indicators both (technical and fundamentals indicators) before buying or selling Cryptocoins.
This has just made me to believe that the indicators are just there for me and you to lose money and not to make money as the price will still go against you no matter how intelligent you are in technical analysis. The market seeing to make it own mind and that is to say the whales push it to any direction they decide at a particular time.

Do you call a person a whale based on what they call themselves? Then you are wrong. A whale is a big investor or a big buyer of coins. Can be your neighborhood "richboi of richdad" who bought crypto thinking its going up to moon while its a shitcoin going down. Thats also a whale. It can be a venture capitalist who take TA into account and has been watching the market like everyday and thought that this was a time to buy in.

You are a fool if you think TA is bullshit. This is a selective biased opinion of some people who have lost money and an expression of the hidden frustration of days of hodling and seeing red markets. If you cant handle it then you should not venture into crypto.

It still perturbs me when I actually see a person who sees technical analysis as something that is irrelevant. You are plainly right bro, as whales are just more like any other trader, and the only difference here is that they are market makers and based on their level of input on the market, it can actually cause some participation but at the same time.

What really makes them a whale is just their big trade volume and nothing else, and for a normal environment, technical analysis is something that is useful for the whales down to the lower chain of small fishes, except that most times, they always have an edge.