Hello guys,
When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.
For example, I see an alert like:
"🚨 500 BTC transferred from unknown wallet to Coinbase"
My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.
But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.
How do you guys read the Whale Alert tweets?
Thanks!
The logic is simple (based on my own experience).
BULLISH ALERTS
If whales transferred any coin from either unknown wallet or exchanges onto wallet.
If whales transferred huge USDT to exchanges
BEARISH ALERTS
If whales transferred any coin from wallet to exchanges
Those were just my speculation and I don't really end up getting 100% right on my predictions yet it is definitely worth to note.