about whales entering and leaving exchange

[mrkfdr]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..
  

  

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[electronicash]

how accurate is the information flowing in whale-alert.io? looking for changes in the order book must be hard to do if its not even accurate. probably not a reliable data.
i don't know if anyone is actually using its data to watch the market and do something to profit.

there could be a lot of things that will happen when you see some information in that whale-alert.io. transaction like 1000BTC from bittrex to binance, i don't know how to react to that since it likely from a guy who does arbitrage. or he could be buying some altcoins not found in bittrex? 1000BTC from unknown wallet to binance. does it mean this guy is going to dump?  i wouldn't disregard charts all because of those info.

[avikz]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..
   

I personally wouldn't use any such data for my own trading. Also wouldn't encourage anyone to do so. Because what you will do with the high value transaction data unless you know the mindset of the owner of such transaction? By the time you see his intention in order book, the Trade is already lost.

Use your own intuition and try to learn various trading strategies. There's no quick way to get rich!

[Twentyonepaylots]

I don't think such data will benefit your trading lifestyle, in fact it might just ruin your game plan in trading why? because a big movement in the market will give you a direct reason to move also. On top of that being alerted to this thing, if it alerts you then most probably it is being executed at the moment, meaning there is a small amount of time or no time to react at all. @Avikz is right,  it's better to trade on your own capacity, try not to rely on this kind of data services or at least be wary.

[adzino]

I don't think there is actually any way to understand what that "whale" wants to do. You shouldn't predict whats going to happen to your investment based on those movement. Your predictions might be wrong and you might end up making huge loss. There are thousands of bitcoins entering and leaving an exchange, I wonder how they know that those funds belongs to a "whale".

[dunfida]

I don't think there is actually any way to understand what that "whale" wants to do. You shouldn't predict whats going to happen to your investment based on those movement. Your predictions might be wrong and you might end up making huge loss. There are thousands of bitcoins entering and leaving an exchange, I wonder how they know that those funds belongs to a "whale".

And also you wont able to know if those BTC would be either traded with some alts or whatsoever thats why tracing it up would really be hard.
I dont know why people are really that much concern on whale moves yet identifying which one would really be hard.Lets say there are indeed some
alerts, then whats next? As said there are huge volumes of btc incoming and outgoing ones and identifying a particular whale move
is nearly impossible.

[pakhitheboss]

There can be many reason associated to the movement of large sum of BTC. It is not possible to point out what reason has caused such a movement. I would not recommend any one to follow such website to decide your trading strategies. I think it is better to check other sources like news and current trends to analyse Bitcoins movement.

[cytpoway121]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..
  

  

Most times when huge amount of funds are deposited into exchange platform, it doesn't neccessarily mean that the buy orders of bitcoin will increase drasticallly, there are several reasons to deposit, it could be to buy immediately, or wait for a bear market, or place a buy order.

With so many tokens listed on an exchange, it is difficult to know which and which will be selected for purchase.
Yours is to dyor, follow market emotions, and make your trades.

[Kelvinid]

I hope we are aware of this and whales could actually manipulate our minds the same thing as they could able to manipulate the market.
100BTC? Thought that whales are making out from crypto. maybe we are wrong but it might probably just a transfer to another exchanger. For this, I say that it never gives a huge market effect in the market but rather to see a normal case scenario. Yet, it happens multiple times since before.

[mk4]

I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?

You can freely see all the buy/sell offers on exchanges as order books are open anyway, but you won't know who made that buy/sell offer. You can only make your own assumptions:

Deposit: most likely a sell offer some time in the future
Withdrawal: probably an exchange hack, or a person simply withdrawing funds to their own non-custodial wallet or to another exchange

[exstasie]

Deposit: most likely a sell offer some time in the future

Margin exchanges add a whole other layer of obscurity: whales may be depositing coins to back a margin long position. It can be dangerous to assume they are dumping. They may be doing the opposite.

This applies to many of the larger exchanges. Bitmex, Binance, Bitfinex, Kraken, Coinbase Pro, etc.

[TravelMug]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

I'm familiar with this twitter account, but I haven't follow, it just messed up everything, including your trades.

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..

Obviously, there are some bad intentions from behind, but just like I said, don't bother to look at this whale alert or something. You will be good in trading without it. Don't be affected by it, trade at your own pace and not let someone influence you, just saying.

[maydna]

I don't really trust the message like that. If you don't know if the news is real or not, then you can skip away, and only analyze more at the market. If 100btc is on the way to exchange, you don't have to worry because that does not always make the market will go down. That is why you need to use your skills to analyze what kind of scenario if the market is down or is up so you can know what you need to do related to the market. Don't panic with the amount of bitcoin, but you need to prepare yourself for any situations and conditions. That is the important thing that you must do.

[cryptoaddictchie]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

This website or even the bot featured of whale alert only concern with certain amount of BTC there is none information aside from its value and quantity were shown as its not prohobited and will never be of course for every whales protection too.

I don't really trust the message like that. If you don't know if the news is real or not, then you can skip away, and only analyze more at the market. If 100btc is on the way to exchange, you don't have to worry because that does not always make the market will go down.

They are coders and programmers to set certain parameters to alert about certain amount of BTC so most likely its true. Its actually helpful on delieneating the possible movement or the dumps or pumps that could happened but not entirely right Ive noticed the movement but I do hope they also include most major exchanges and not only famous one so we can see a much bigger holdings of whales moving funds either its BTC, usdt or any other top altcoins.

[el kaka22]

It doesn't tell you what those people are doing with that getting in or getting out move. If a person sends over a thousand bitcoin to an exchange, it could be to sell their bitcoin, we are not sure about this, we have no proof that they will do it, only data we have is the fact that they had that money on their offline wallets and now they sent it to an exchange so one can assume that they will sell it but we can't prove it.

Or maybe when they take out from exchange and put it on their wallets, we could see that there is a certain amount away from trading which creates scarcity trading and less amount of bitcoin available for trading, which could cause the price to go up, that is an assumption as well because that person could switch back to exchange and sell right away too. So it tells us what they "may" do but not what they "will" do.

[Gozie51]

The whales entering and exiting the exchange simply tells us the direction of market from the numbers of coin that goes in or out of the exchanges. Total of them from different exchanges helps traders to predict or know an idea of number of particular coin in circulation and whether volume is manipulated even from cmc too.

[Slow death]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

Creation Date: 2018-12-19T12:31:54Z

Source: https://whois.domaintools.com/whale-alert.io

strange I never heard of them

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..

you will only have one thing to do: wait and see what will happen in the market. don't panic and don't think too much about what the whale intends to do, just focus on your trade. Of course, you should always assume that some dump comes

[drlukacs]

I found in a post here few days ago a website called whale-alert.io where one of the data's i can get is transactions of large amount of BTC to an exchange.

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..
  

  

Sometimes it's a fake signal. the whales know that they are being followed and they will follow a plan that people don't think of. Let's go back to the past, when the price of bitcoin was at $ 10k4, 300 million USDT was printed. After that many people thought that bitcoin would continue to grow, but things went against it. they print USDT to prepare to buy BTC cheaply. Meanwhile, the margin traders were liquidated over $ 1 billion on the Bitmex exchange. so trading on signals at Whale - alert is not appropriate and has a lot of risks.

[maxreish]

I doubt it's accuracy actually. But if ever some whales pulled out some huge amount of bitcoin in a particular exchange, there will be a great impact in the crypto market. Either will go down or will pull the trigger and go up.
 
 On the other hand, it is not that good to rely on such whale alert websites. There are other tools you may have to rely on aside from that.

[maydna]

~snip~

They are coders and programmers to set certain parameters to alert about certain amount of BTC so most likely its true. Its actually helpful on delieneating the possible movement or the dumps or pumps that could happened but not entirely right Ive noticed the movement but I do hope they also include most major exchanges and not only famous one so we can see a much bigger holdings of whales moving funds either its BTC, usdt or any other top altcoins.

So there is nothing we can do except prepare for anything that can happen in the market. If the price is dump so hard, that will be the best chance for us to buy more bitcoin because the price got a discount price. But we don't know what will happen with the market, and all we can see now is the price is still on the red candle, so perhaps, the next hours, we will see the same situations as now. I prefer to watch the market now since the market is moving not too aggressive so I think there will be something happening at the end of this weekend. Hopefully, the price will not go down below than $9k.

[mersal]

There is no such kind of alerts, so its like just to promote some kind of services to crypto noobs. You can do any research on whale action and manipulation, if it is possible to do then they are not actually whales.Only bump and dump groups are possible which is done thorough normal traders dumping or bumping at the same time.

[ScamViruS]

I've been watching their alerts for a long time. But it is doubtful how much impact this has had on the market. Large transactions do not mean that the market will suddenly pump or dump. Whale traders always transfer their funds from one exchange to another. Because one exchange does not have all the coins, they transfer funds to another exchange to trade their coins. Withdraws funds from the exchange to the wallet again, after his trading is over. That's the way it goes. But one thing Whalealert can do is alert everyone, That is the alert of USDT printing. If you follow them you will see how usdt is printing new usdt every day and entering the market. Without these, I don't think their data is very useful for market signals.

[hahay]

Such a scenario is not strong enough to prove any action the whale will take, I think it is enough for us to have a positive opinion because if such a signal is made for a high alert because of concerns about dumping, then it will only hurt yourself and also, there are lots of coins on the market so big transactions don't seem to guarantee that whales will use only one cryptocurrency whether it's for pumping or dumping.

[thesmallgod]

I have seen CZ Binance on twitter posting about a whale alert received and deposited into binance a few weeks ago. It will be difficult to trace on the order book and also know the intention of the whale because you cant monitor when the whale intend to trade the coin and how he/she intend to trade it. And from my experience, most traders are compel to move toward the direction of the market so trying to trade to make gain due to crypto whale alert might be very difficult.

[Natalim]

It depends on a certain coin actually and its trading volume, for bitcoin 100 btc is not a huge amount considering the total trading volume of bitcoin in 24 hours is 4000 btc at the moment, so even if that volume will drop, 100 btc is till a very small amount, it will not move the market.

refer to this



credit to the owner of the pic

[Harlot]

here is the question,
Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..

No you can't assume that this transaction is in any of the market order, chances are it already have been bought or sold that's why it is reflecting in the whale alert. Assuming that this order is in the market order will just make you be vulnerable to market manipulation through fake buy and sell orders which commonly happens a lot in the crypto market to put in some influence in the orders. Basically analyzing Bitcoin just by using market orders will just make your analysis inaccurate since it is not reliable, what you can do though is to analyze the charts first before looking at the market orders since if you want to see the through volume you must look at its charts rather than the market orders.

[DoublerHunter]

^ Whale alerts probably not be accurate or reliable enough for you to do predictions on what will happen on the market it might be a false alert projected intentionally that would only initiate aggressive movements in the market. It can also be true and will definitely cause a huge impact on the market and if that happened it might be too late for it has already been done and you get impacted right away. Nevertheless, it will still be your intuition that matters here avoid getting affected by some alerts it may only ruin your strategies in trading.

[wozzek23]

You are not even sure if the information you're getting is correct . If it's correct, then it's likely to have an effect in the market, but you shouldn't really be relying on these websites, if you're not sure as to whether they are right or not. It is best to just use technical analysis and do your thing, if you're good at it. You can also be making use of the news and big platforms like Cointelegraph.com and the rest of them. Most of the good experts I see usually just make use of technical analysis and they also follow up with trends to know what's going to happen next.

If we get chances to follow whales to enter and leave the markets along with them then we can easily make profits from crypto markets. Because, if we trade along with whales then we can easily ride on market directions as whales are known for manipulating markets at their preferences.

[BuNga_cute]

This is interesting crypto trading, no one can predict 100% accurately. Cryptocurrency has volatile prices and therefore sometimes prices
can suddenly go down or up. Likewise with the movement of whales in exchanges, it is very difficult to predict. The website called
whale-alert.io is quite helpful for me as a comparison with the results of the analysis that I have made. So don't trust the website whale-alert.io
too much, just do your own analysis.

[Ridwan Fauzi]

The data maybe real but it is not always change the bitcoin price movement. I really familar with such bot and I have been using it for at least one year but so far I never thought to using it as a strategy to trade.

Also, I never found if the large amount of bitcoin has sent to an exchange and after that those bitcoin is included to the order book. If you use order book as your strategy you can using it directly, you don't need to another platform.

Also, trading with use order book strategy is useful for trader scalping and I'm not part with such trader. It will make my tired and confused to decide between hold, buy and sell.

[btcholder]

Is that really possible to know when big whales comes to the market..? I don't know how much people make benefit from that kinda data but i think it's better to stay away from this kinda things. It might be destroy your basic trading plan. If you somehow track down that big whales are coming to the market but how can you know that they came for buying or selling their assets. So basically better idea is strict to your own plan.

[bearexin]

Lets say i get a message that there is a transaction of 100BTC to the exchange i'm currently using.
I can assume that it can affect the trade in some way ,
can look for changes in this amount of BTC in the order book but is this info can tell me somehow if the intention of the whale is to pull up or down the market ?
How reliable this type of data can be ?
Same scenario can be of leaving the exchange..

We cannot have a solid scenario for your question. If a whale enters into an exchange, we all usually expect a down fall but what if the owners of exchanges moving same level of big amount of BTC for their business purposes? So, we cannot assume all whales movements will be leading to massive sell-off. I usually do not follow any such tips for my trading because I am well aware of how bitcoin markets will react and bounce back to normal even a heavy sell-off happens.

Over the time, I guess we cannot identify and follow whales as they may hide behind multiple small amounted transactions hence now itself we should start practicing a trading habits without following them. Anticipating the future changes and enhancing ourselves based on future demands will definitely help us to stay competitive.