Crypto Whale Watching; Trading Signals — Futures Price Notifications
A curious phenomena I’ve noticed….
A curious phenomena I’ve noticed….
I recently installed a crypto app that started giving me notifications about futures prices.
The app is XT exchange, but I suppose this observation can apply to almost any exchange, IF they have a way to opt into these notifications.
Installed on my iPhone 14, I allowed notifications, then I guess one of the default notifications is to show me things like this:
I don’t even trade futures yet, so this observation was mostly accidental.
I can’t help but notice that when I receive many notifications that say something like “FEFUSDT up by x %”, something is about to happen.
A single notification, is not always significant.
Who knows what is going on with that particular market/coin.
When all sorts of random pairs start trending upward or downward at the same time though, like this >>>>
This seems to indicate that overall movement is about to boogie in that direction.
After a few months of noticing it, I am about to test it with some simple paper trading first, then some small balances.
This multiple notification cascade has been slightly ahead of the macro movement pretty much every time.
If a multi-notification blast says “XXX Futures down by x%”, it doesn’t matter if price is trending up RIGHT NOW, by the next day usually BTC will start to go down. And Vice Versa.
I’ve been watching these notifications wondering if it was just a fluke or what, but now I think I know what I am seeing.
BTW — if there is something I am missing, feel free to correct me. I am in learning mode as much as I am teaching mode, always.
If the futures trading price average increases, this usually happens just slightly BEFORE the suspected market movement trends upward because everyone in that market is predicting and going long.
These notifications seems to be telling me how traders with lots of leverage are placing their bets.
It represents a number of traders with deep pockets who have decided that they think the market is going to move a certain way, and they go long, increasing the price just slightly in that market before it actually pops off.
If they decide that the market is going down, they go short, and this drives the overall bid price down.
Pretty sure I am seeing a usable trade signal.
A signal based on many people, not just one, or news in the market. (Though it may be indirectly based on news that these Whales heard, and moved on…)
Does this make sense?
Are they always right?
Am I even right?
I really don’t know yet.
I noticed this about 5 months ago, but it’s pretty damn consistent.
I am sharing this observation with two objectives :
Give an observation away for free, if it actually works and helps people.
Get feedback on why I am wrong and what you think is actually happening, if you think my correlation is false. (And thank you in advance for your time in sharing feedback)
Follow up here:
Following A Signal — BTC Trading Bot Update March 18th-2024
I didn’t stop my bot, I’m still in the red.
Disclaimer : This is not financial advice and I am not a financial advisor. This is just what I am doing with my own money. I am NOT an expert. I am some dude on the internet who sees a path sometimes, and takes it.
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris
Automated Income Lifesyle w/ Chris Morton YouTube
#btc #futurestrends #tradingsignals #marketmovers #notifications #cryto #trading #exchange #cryptoexchange