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!
How can you make up your mind with this small news? 500 bitcoin is not a big number and it can easily be wiped out in any big exchange. The current bitcoin volume on bitcoin is
175,594.455 so I consider this amount of bitcoin has no magnificent impact to the market. That is how my interpretation says as a experience trader.
Trading with news or fundamental analysis is good. But, it is important to understand the mechanic on how to implement the news into good information and then, you can correctly calculate the next move of the market. In order to do so, learning fundamental knowledge is necessary, such as Behavioral Economics, trading skills, Economy, etc
Frankly, Im not a fan of
"news trading" . Prefer making decision with candles, trends and volume. They are the most transparent thing you can see and understand what behind forces driving the market in insanely. The only man I follow is Elon Musk because I cant deny his large footprints whenever he makes a crypto-related tweet