How whale traders catch those small fishes in the market

[CryptoAssasin]

BOX SYMBOLS

 The Victims

 Buy or Sell Wall

 The Boss

   The Minions (same numbers)


I do trades in kucoin using their mobile app because I see it convenient if I only do swing trades. I do my business in this trading platform for a long time now and this looks fishy to me and gives me a better understanding how manipulation works or how do whales catches those small fishes.

Let me explain to you how each role works. The color symbols above explain their purposes.


The Minions (same numbers from ETH/USDT pairs) ▬ They are either bot traders or controlled by a single person (The boss). Their purpose? They are the traps that changes the number when someone decided to agree with the price they asking on buy or sell section.

The Boss (ETH/USDT pairs) ▬ The one who controls the market. It is either composing of multiple individuals (P&D group) or only a single person who have millions of money in their pocket. The one who decides if that altcoin will go up or will go down. These are traders with big amounts of capital that can put a buy/sell order at a particular position.

Buy or Sell Wall ▬ A large amount of request set by the boss which minimize your move or limit your request which might probably won’t be filled. As you can see on TRX/USDT pairs, there are three different same amount in a yellow box that supports each other and preparing the net to catch those small fishes.

The Victims ▬ Traders that will be sandwiched on sell and buy walls. Most of those victims are either panic sellers/buyers or a type of traders that go with the flow and will only fill those requests set by the minions.


PS: Correct me if I am wrong but this is only based on what I observed and understandings only. You may also do your own research and Investopedia

How do you manage such situations when seeing those numbers repeatedly set by the minions and deal with the buy/sell walls? Please share your ideas and I'd be more than happy to put that on my notes. TIA!

[leonix007]

I would suggest not to look on order books only

Try to look also the charts and do TA's

you would understand why those big pump and dump occurs as they are also in trendlines S&R

Learn to play with them, usually by riding their waves and market sentiments

[DJohnson]

You can't trust walls.  Period.

There are a lot of reasons for people or groups with large amount of capital to do these types of things.  Walls can introduce fear and exuberance (fomo) but all the walls are doing is just helping the person with this money get the position they really want, otherwise they would not be doing it.  While it is possible to find patterns with orderbook and trade history, don't get too caught up in it.  The person doing those walls is likely doing TA as well, do your own TA and try to be on the winning side that way.

[CryptoAssasin]

I would suggest not to look on order books only

Try to look also the charts and do TA's

you would understand why those big pump and dump occurs as they are also in trendlines S&R

Learn to play with them, usually by riding their waves and market sentiments

I always look and study the chart before entering or requesting my order but those walls always limits my decisions. Most of the time, it those walls are controlling me and ended up loosing. I am not a day trader since I have my personal work to do so what I do is requesting an order that is lower than these buy walls. It is somehow effective but I only earn the profit after a week or couple of days and missing some opportunities when a greener market show up. Do you think that how I earn is normal? To summarize, I only plays with my $200 funds in trading then only earned $50 to $70 a month.

[Awesomus Maximus]

I do trades in kucoin using their mobile app because I see it convenient if I only do swing trades.

Maybe if you move your strategy from swing trading to long time frames, you can go pass these walls, or you won't notice them any more. Also, learn how to use technical analysis. Then you will have more confidence in your trades and you won't need to look at the order book so often. It is often very stressful having to look at the price movement in the order book all the time.