Quote from: eth0x432FF on March 27, 2024, 08:53:32 AM

Quote from: junglist.massive on December 07, 2015, 05:24:36 PM

I realised that small group of whales basicly own bitcoin market and do whatever they want with price. On which indicators I have to watch to follow them? volume only? some shapes on charts?

You should change the concept of your strategy. You need to move away from chart patterns and pay attention to other parameters: liquidity, structure and POI efficiency. This whole trading concept is called SmartMoney. You see movements from the big players on the chart, RR is bigger and the execution is better.

That means op need to pay attention to the news just like the fundamental analysis rather then sticking to chart which could not have a serious effect on the market at large. Cryptocurrency is crypto everyday and there have been different patterns traders and investors had been using to make money on the exchange. It is very important for one to follow the news and make proper investments.
There are different strategies one can use to trade and invest in the cryptocurrency market.