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Author Topic: Long-mid term trading, beating the Whales  (Read 408 times)
Lucacrebbe
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October 01, 2017, 06:36:14 AM
 #1

As many of you know  the  market is  totally manipulated by the  big players, they  can make everything they want with price of some cryptos

My question is:  How  can you beat  the whales, or  ''go  with  them''  while  you are day trading or swing-trading?

Example  : I see  a big order  (in the order book) of  15 k bitcoin for  a  huge buy at (X)  price....    now  it  can be  a  good  support,  or  a  whales's trick  to let  believe the weak hands that there  is  a big support  and  forcing them to buy at higher prices...then the whale deletes the order  and collect  profit of  price increase.

Now  my question is:  How  do you deal  with this?  How  can you day trading knowing this ''trick''?  

How  do you behave when you see a big order in the orderbook?





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October 01, 2017, 06:57:01 AM
 #2

It's an easy thing to get carried away into buying or selling while there is a big buy order by a whale. You can compare it to a bait and whoever falls for it ends up giving profit to the whale. I would just wait for the whale to do his thing and wait for things to stabilise. Even if you join him to make some quick profit, it would be less compared to their big buy ins.

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October 01, 2017, 07:07:33 AM
 #3

I guess you have to be a big time miner to be called as such. Because from what i see, even if you are a big investor, it is still no enough because you are just idling the money and not acquiring anything through the process. Because as miner you could even control fees and forks and how big are the blocks. But even if your unit is fit for mining, there are infrastructures that are a lot wider than just one unit.
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October 01, 2017, 07:41:55 PM
 #4

Well, I tried to ride the waves along with the whales in the past, but failed consistently. Misinterpreted the graphs and I don't have the time to watch them closely all the time anyway. Mid- to long term trading (a trade once a week on average) yields much better results for me personally and order books are completely ignored. I'm much less involved with trading so emotions are much easier to control. I don't beat the whales but kinda watch them from the sideline.
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October 01, 2017, 08:02:11 PM
 #5

Well, I did try to trade along with the whales for short-term trading, however, I failed several times. That's how I give up doing this. For the Long-mid term trading, I'm still looking for a better solution. I'm trying to write a program to help me.
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October 01, 2017, 08:57:07 PM
 #6

When the price pumps or dumps for no apparent reason, then always suspect a whale. I don't short trade anymore as I've been burned a few times. I only buy the coin when I'm happy with the price, and I will sell it when I'm happy with the price. Whales can do whatever they want.

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October 01, 2017, 09:05:06 PM
 #7

I need to be in very much follow-up to make short-term trade, and it is also very stressful. Instead, I trade for a long time. Definitely for a short time the trade is very tiring.

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October 01, 2017, 10:36:06 PM
 #8

For sure they can manipulate the market, but long term trading is a really succesfull strategy for people who are intrested not time consuming deal you can keep your coins for 2-3 monthes and sell them when the value good for you or try to trade but taking biger risk


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October 01, 2017, 11:16:33 PM
 #9

I think if there is a big buy better to wait again to see price dump the basic in trading is to buy cheap and sell expensive so if you buy and then they sell well you will be lose..  Since you are a short trader and if you notice like that better to monitor it and stop trading with that coin if you see price increase or drop a bit you can buy few coins because if you bought a large number and whales sell their coins you will be lose so for less risk just buy small amount.. just to make profit if the price was increase..

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October 02, 2017, 01:46:16 AM
 #10

beating the whales ?
well you can not do that my friend,the only one will suffer will you absolutely.
the best way for us the small trader is following the flows.
just make a move based on their activity and their decision,never face the flows or else you will get rekt.
most of them are organization or groups,so you can not beat them even though you're doing longterm-ish or midterm-ish.

when you see something like that,and it never happened before there will be 2 possibilities.
the price is decreasing or increase.
it's depend on the order itself,
if you see it on sell order,that mean the price will start dumping in a few hours or around that.
(if the sell orders pop out for a few seconds or minutes).
if you see it on buy order,that mean they want to press the price and trigger the weak hands to sell their Bitcoin and then pump.

in general it's like this,but there're a lot of pattern that you need to know and every whales have a different characteristic.
so do not bother find out about something like this because you will never know it very well,just feel it and do some research before entering.

 
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October 02, 2017, 04:08:53 AM
 #11

As many of you know  the  market is  totally manipulated by the  big players, they  can make everything they want with price of some cryptos

My question is:  How  can you beat  the whales, or  ''go  with  them''  while  you are day trading or swing-trading?

Example  : I see  a big order  (in the order book) of  15 k bitcoin for  a  huge buy at (X)  price....    now  it  can be  a  good  support,  or  a  whales's trick  to let  believe the weak hands that there  is  a big support  and  forcing them to buy at higher prices...then the whale deletes the order  and collect  profit of  price increase.

Now  my question is:  How  do you deal  with this?  How  can you day trading knowing this ''trick''?  

How  do you behave when you see a big order in the orderbook?





I will give some good advice to you swing trade is mostly a minutes to be done with the trade or a short trade but when you saw some situations like that putting a big walls in buy support or sell support first thing to do is.

Stop-, You should stop for awhile and observe check also the bids and ask orders
Think- of the chart as a second opinion to support whats your prediction either a pump or a dump.
Lastly- Bid and dont go to direct buying or selling i hope it helps i'm once a newbie like you =)

 
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October 02, 2017, 04:22:46 AM
 #12

It is not easy to deal with the whales in the crypto market as they understand the market twists  to when and how to react to gain maximum. Weak hands, new comers to crypto are one of the most easy targets who get to the list of affecties.
The only way where you can make safe your investment is to be calm and don't sell at the time when the price drops less than your purchase price. In fact make it a routine to buy at a bearish market.
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October 02, 2017, 04:58:44 AM
 #13

As many of you know  the  market is  totally manipulated by the  big players, they  can make everything they want with price of some cryptos

My question is:  How  can you beat  the whales, or  ''go  with  them''  while  you are day trading or swing-trading?

Example  : I see  a big order  (in the order book) of  15 k bitcoin for  a  huge buy at (X)  price....    now  it  can be  a  good  support,  or  a  whales's trick  to let  believe the weak hands that there  is  a big support  and  forcing them to buy at higher prices...then the whale deletes the order  and collect  profit of  price increase.

Now  my question is:  How  do you deal  with this?  How  can you day trading knowing this ''trick''?  

How  do you behave when you see a big order in the orderbook?
Whales are here to stay and we cant do anything about it, even exchanges cant do anything since its not regulated. What I do is look for a token or coin that has not moved for a few days and check the price if its the lowest for the past few days. A whale will pump that coin eventually and when that happen you already positioned yourself for the ride. As what they always say, don't chase the pump, look for those that have great potential.
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October 02, 2017, 06:11:31 AM
 #14

OP, just buy the dip and hold on to your coins. Let the whales beat each other up in the market because there is no way to out trade them. We also do not have the same information that they have to make well timed trades.


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October 02, 2017, 08:56:38 AM
 #15

As many of you know  the  market is  totally manipulated by the  big players, they  can make everything they want with price of some cryptos
which market are you talking about here? bitcoin or altcoins.
bitcoin market, no it is not "totally" manipulated. but manipulation exists like it exists in any other market
altcoin market, yes it is totally manipulated. but for most of them this is serious for the rest not so much.

Quote
My question is:  How  can you beat  the whales, or  ''go  with  them''  while  you are day trading or swing-trading?

Example  : I see  a big order  (in the order book) of  15 k bitcoin for  a  huge buy at (X)  price....    now  it  can be  a  good  support,  or  a  whales's trick  to let  believe the weak hands that there  is  a big support  and  forcing them to buy at higher prices...then the whale deletes the order  and collect  profit of  price increase.

Now  my question is:  How  do you deal  with this?  How  can you day trading knowing this ''trick''? 

How  do you behave when you see a big order in the orderbook?
you are talking about "manipulation" so 1 big order of a big size can simply be that "manipulation". maybe some whale is trying to push the orders higher than his order so he can slowly dump into these new orders.
if you watch the market there are a lot of bots that are set to place orders on top when there is a big order in place.

and also based on my experience the big orders (walls) are usually for show. they never are reached. if the market is in dumping mode that wall is always going to move lower and lower and never be reached.

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buwaytress
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October 02, 2017, 09:14:09 AM
 #16

Yeah, realistically, you are never going to be able to "beat those whales" if you're talking about those huge buy orders. Those are bots, by the way, I'm sure of it. I've seen massive sell orders keep adjusting to 1 satoshi cheaper than my order immediately after I place mine (and that happens throughout the day at any time, always immediately). When I see that happen, then I just mess around with it, putting the minimum price to force that bot to trade at the nearest buy order, just to see that even a little of that wall disappear.

I probably didn't do much to dent the whale, nor did I beat it, this is just my way of shaking a stick at the system Wink

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October 02, 2017, 10:10:35 AM
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I think you can 'ride' it along with them if you follow the price but it is very difficult to 'beat them' unless you are are able to scalp by being quicker in trading (HFT)
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October 05, 2017, 06:44:35 AM
 #18

I guess you have to be a big time miner to be called as such. Because from what i see, even if you are a big investor, it is still no enough because you are just idling the money and not acquiring anything through the process. Because as miner you could even control fees and forks and how big are the blocks. But even if your unit is fit for mining, there are infrastructures that are a lot wider than just one unit.
This is something really interesting. Like you said, you need to hold your Bitcoins for quite a long time in order to be like that. It all depends on your own personal opinion and you own planning. If you want to play safe, then you can go for this option. Otherwise, do the things in a way you want to do. This is no doubt t a very good option but you only need to listen to your mind first.
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October 05, 2017, 06:56:07 AM
 #19

As many of you know  the  market is  totally manipulated by the  big players, they  can make everything they want with price of some cryptos

My question is:  How  can you beat  the whales, or  ''go  with  them''  while  you are day trading or swing-trading?

Example  : I see  a big order  (in the order book) of  15 k bitcoin for  a  huge buy at (X)  price....    now  it  can be  a  good  support,  or  a  whales's trick  to let  believe the weak hands that there  is  a big support  and  forcing them to buy at higher prices...then the whale deletes the order  and collect  profit of  price increase.

Now  my question is:  How  do you deal  with this?  How  can you day trading knowing this ''trick''?  

How  do you behave when you see a big order in the orderbook?








The best bet you have is to ride the wave that the whales cause. It's like a slight pump and dump situation, but the trick is to see when those buy orders come in and buy bitcoin along with them. When you see a large sell order, try to get your bitcoin out too. If you're really looking to get into these kinds of things though, get into the altcoin market.

This area is up for grabs! PM me if you're interested.
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