How whales use trading charts differently than you 😱😱
Whales - the big players in the world of cryptocurrency, the owners of vast fortunes - do not look at trading charts in the same way that most regular traders do. While many focus on simple indicators like price highs or lows, whales look deeper. They study patterns, trading volume changes, and support and resistance levels to predict major market moves before they happen. They often buy when fear is high and prices are low, not when the hype is building.
Another tactic of whales is market manipulation. They can execute large trades to move the market in a certain direction, tricking small traders into following them. For example, they might sell large quantities to accelerate price drops, causing a panic, then quietly buy back at a lower price. Understanding how whales read charts and interact with them gives them a strong advantage, so it is important for day traders to learn more than just the basics.
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