How Whaleportal is predicting the Bitcoin price in April May and June 🐋🍾

This article we’ll dive in HOW most traders every time get CAUGHT again on the WRONG side of the coin. Buckle up… Big Wave incoming… 🌊

You might recall what was happening on social media around the beginning of June when Bitcoin was trading around 72’000 USD. Most traders, including very experienced ones, where expecting a break of the all time highs. Let’s look at some examples:

And he definitely was not the only one.. This is a screenshot of CryptoCapo TA Telegram group.

What I am NOT trying to do with this message is to bash on other content creators.

I’m merely trying to explain why most traders are LOSING money.

Reason: They are caught in the emotional sentiment

Let’s have a look at the Whaleportal data from that day, or even 1 day before the 5th of June.

The message above was shared on WhaleAlerts, a private telegram channel that everybody can join for free by following the steps mentioned here.

The message: Do not open new long positions. Data is NOT backing up that we’re breaking all time highs.

Remember, trading is a game of probabilities, not certainties.

So objective data, objective analysis, can make you a profitable trader. However, most traders can’t find the objectivity in their analysis as their analysis is blurred with the emotional state of the markets.

Most traders are reacting based of emotions.

Imagine, you’re active in the crypto markets, you open your laptop, Bitcoin is up 5%, you open Twitter, mostly seeing tweets of how low the supply is and how high the demand, you open Telegram, again, only positive messages about the markets. You then could get caught in FOMO. A feeling where you feel like losing, even though the price goes up! You feel like losing because you could make more money by trading.

The trader opens a leverage long position on Bybit or Binance.

Afterwards, the price starts to dump. Nobody expected this. Including the trader that just opened a new long position.

He or she opened that long position because of an emotional feeling, it was not based on the true market conditions.

Because the true market conditions, as shown above from the Whaleportal charts were clearly showing that things are not very bullish.

So what happened when Bitcoin did dump?

Opinions of content creators suddenly changes into a more bearish perspective. As this is the path of least resistance because of the state of the markets.

Suddenly it’s expected that Bitcoin goes down. What do you think is happening next?

And you guessed good, the Bitcoin price bounced over 5%!

Again, this is not to bash any other content creators out there. I personally have deep respect for the content creators and analysts mentioned above. I’ve learned many thing from them. This is just to illustrate how traders get caught. We also don’t know the intentions of these content creators, maybe they’re talking about longer timeframes, who knows? But on the day, bearish tweets are being send, is the day that it bounces and vice versa.

So beyond intention, readers will get influenced by these state of the markets.

In here lies the power of the trader, to remain objective, to remain calm, to see the future before it hat happened. So that when price moves quickly, the trader is not surprised, but it’s actually something that has been expected.

The only way to reach that is by filtering out the emotions and only watch the clean data.

That’s exactly why we have built Whaleportal. To create a space where the trader can be informed and objective, giving him the highest chance of succeeding is this extremely difficult market.

And the past couple of months prove that it does work.

We wrote an extensive article about all the calls made last months. I would recommend everyone to read it. You can find the article here.

If you’d like to get these updates shared on our private telegram WhaleAlerts, you can join this service for free by following the steps mentioned here.

If you’d like to try Whaleportal PRO, you can access the charts using a 7-day free trial.

Wish everyone a calm and based weekend! Namaste!