Quote from: Arenga pinnata on March 27, 2024, 02:26:43 PM

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?

This is something I am also studying. But it is quite difficult to know and follow the movements of whales in the market. And because it was quite difficult, I changed my perspective and tried to be more active in looking for information. So I can get earlier information. Because most whales they also move based on information. So the steps I took were steps that whales might also take. Although I'm not sure. But so far I have made quite a profit after being more active in searching for information. Maybe people call it fundamental analysis. And I have to admit that information is one of the triggers for market movements.

what method would you utilize to know what move the whales gonna take next though if we can figure it out then its definitely gonna give us edge against these whales but so far i've found a thing except just monitoring whales address on whale alert which usually don't really mean anything except that we are notified first hand when these whales are making move but when they are making move they're probably done with their thing anyway.
therefore i haven't found any effective method as of yet other than just following their buy order which hopefully might really means that certain coin gonna be pumping.
personally though I don't really believe just a small group of whales could control the market, the trading volume and market cap is too high for that but i can be wrong though
after all sometime the market just moves so absurdly sudden dump and pump is kinda normal scene in the market of crypto but then again
that doesn't necessarily means market is manipulated.