Some time ago, a group of curious kids from Xypher.io thought about creating models for predicting market movement in cryptocurrencies. As the time went on, they created hundreds of models and strategies. Even though the quest for the perfect tool is still ongoing, some of those strategies survived the test of time and showed great reliability.

WhaleSniper is one of those tools. Whaley (as the folks at Xypher Talk nicknamed it) notifies about:

• Sudden volume spikes in a short time frame
• Accumulations in a bigger time frame

As we know, most cryptocurrency day traders are small shrimps in a sea full of whales. Whaley spots those whales and lets you know where they are. What is better than riding a volatile cryptocurrency trend with a whale on your back? Exactly, nothing!

Every signal is delivered through the following channels:

• Free users: get 50% of signals, all exchanges turned on by default. Free channel gets the signals after subscribers. Signals are sent over @WhaleSniper
• Subscribed users: get 100% signals, with advanced customization and filters. Signals are sent over @XypherianBot

Let’s go first by understanding the information we get from a single signal. A normal signal looks like this

Basic information: Telegram allows faster search with hashtags. This way you can click it and view past signals directly in the feed. A clickable link to the exchange is available on the arrow emoji.

Whale information: this line has the information that triggered the signal. It includes the amount that was transacted in a given time frame. The percentage amount in parentheses indicates how much volume increased in this time frame against the 24H volume.

Price information: Bid and ask prices are displayed, along with an emoji which indicates the direction it took. The percentage indicates how much in % the price has gone up/down.

Volume: how much has been traded in the last 24 hours.

Last signal: this indicates the time of the last signal, along with the signals generated over the last 7 days.

Social links: direct links to official sources like Reddit, Telegram, Twitter, BitcoinTalk.

How to interpret and use the information provided

There are several factors that can tell us at a glance what happened:

Amount and time: the time in which the action happened can tell us a lot.

• Less than 5 minutes + low volume coin = likely a pump and dump
• High volume + high time frame = likely unusual accumulation
• Unusual selling activity + short time frame = likely a flash crash.
  Once you are used to see the signals (and track their results), you’ll begin to notice the patterns.

Signal price: see with more detail what happened in the market, its actual data of how much the price moved. The emojis provide a way to pick our favorite type of signals at a glance.

Volume: this is provided to disregard at a glance coins with low volatility and pump and dump traps.

Last signal: use this to understand how often the asset has been under unusual activity in the past days. Usually, a coin getting a lot of activity recently is a good sign. Remember to use the hashtags to navigate easily and see what exactly happened on the last days.

Social links: this is important and often dismissed. This can help you understand the WHY. For example: let's imagine someone bought a lot of XRP. At entering their BitcoinTalk thread, you notice an upcoming release. Was this the reason? No way to know, but highly likely. The social sites are provided to enhance the emotional side of the trades.

Personal recommendations upon using Whale Sniper

Generic but important advice: avoid low volume coins. Low volume equals to low liquidity. Low liquidity equals to more price manipulation, clearly not something we want to hop into. Since everyone has their own personal view on what is low volume, pick a number you consider good enough.

Always ask yourself why. Someone bought $500,000 worth of an altcoin in less than 10 minutes. Why? Why would anyone in the world do that? Insider info? Upcoming release or event? Partnerships? Pump and dump?
Always ask yourself why. The social links are there for this reason, use them to quickly check find reasons for the sudden increase.

Technical analysis never hurts

Keep a close eye on the amount of signals generated during the last 7 days, as well the volume of those past signals. Increasing volume is a good sign.

If you are at the top of the candle, avoid buying at market price. The philosophy of buying high to sell higher won’t work 100% of the times.

Plus: Shark Sniper:

Sharks are swimming under the crypto seas, and sometimes, those sharks turn out to be true whales. We created a tool to snipe those smaller whales called Shark Sniper.

Unlike its big brother, Shark Sniper reacts on price alone (Whaley reacts over raw volume). An increase of 6% in less than 5 minutes will get notified over Shark Sniper, along with the increase in volume.

Here are some of the potential uses of Shark Sniper:

Monitor breakouts: if you see that coin you have been monitoring for a few hours notified, then chances era it broke out of the pattern you have been waiting for.

Botting: many people use Shark Sniper to buy into coins with big increases, in hopes they keep increasing. This practice is known as ‘buying high, selling higher’. This practice is risky and is mostly performed with a bot, as the chances of getting out of the trade are higher.

Whale Sniper, Shark Sniper and more awesome tools are included in the Essential Trading Toolkit available on Xypher. Make sure to subscribe for $15 a month in your favorite cryptocurrency! We are available on Twitter and on Telegram 24/7 to answer your questions!