Whalemap Overview
- What is Whalemap?
Whalemap is an on-chain analytics platform designed to help cryptocurrency traders make informed decisions by identifying significant buy and sell levels based on whale activities. It tracks large cryptocurrency transactions and wallet activities to provide insights into potential market movements.
- Main Features
- Identifying market trendsMapping out important prices as supports and resistancesReal-time insights on big players' buying and selling activitiesProven profitability with 91% APY on ready-made strategiesIncorporates sentiment analysis
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Frequently asked questions
Whales refer to large players or entities in the cryptocurrency market who hold significant amounts of cryptocurrencies. These whales are often identified by their large transactions and wallet balances. Their buying and selling activities can influence the market and create support and resistance levels for the price of cryptocurrencies.
Supports and resistances are price levels in trading that act as barriers for the movement of an asset, such as cryptocurrencies. Supports are price levels where there is a significant amount of buying activity, causing the price to bounce back up when it reaches that level. On the other hand, resistances are price levels where there is a significant amount of selling activity, causing the price to struggle to break through and potentially reverse its upward movement. These supports and resistances are identified by Whalemap, a tool that analyzes big players' buying and selling levels in the cryptocurrency market.
Yes, Whalemap is currently free to use.
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