GOLD : Whales Impact In trading MarketOANDA:XAUUSD
A whale is any individual or company who has enough money and power
To directly influence the price of a cryptocurrency or stock, usually in a negative way. Think of a whale and their large mass.
Whales use artistically created buy walls and sell walls to manipulate traders by changing current market sentiment.
Traders should be aware of large buy walls and sell walls that appear quickly. They could be part of a whale's manipulation strategy.
How do you spot a whale trade?
There are four primary ways to track whale activities,
which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges.
Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often.
