Whale Sniper is a fancy volume monitor. It is designed to spot sudden spikes in volume as they happen on the exchanges. You can now never miss important market action again. Whale Sniper is not only designed to spot sudden spikes but also subtle accumulations on the exchanges.

Whale Sniper provides enough information for you to understand what happened. Let's review the anatomy of a signal from Whale Sniper.

Signal anatomy

1st line
Each signal starts with the exchange and the base market. This base market includes a direct link to the exchange.

2nd line
#Ticker of the coin (searchable, you can click to view past signals directly on Telegram).
An assumption of what happened is included. This assumption may be unusual buying or selling activity. When it is not clear what happened, a simple 'Unusual activity' will be included.

3rd/4th line
Current Bid and Ask. Emojis mean something here!
Green: price has gone up
Red: price has gone down
White: price hasn't moved
The numbers in paranthesis refer to how much the price has moved.

5th line
24 hours volume (how much of the native currency has been traded in the last 24 hours)

6th line
Signals in the last 7 days. The first value refers to the last signal while the value in parenthesis refers to how many times the asset has been signaled in the past 7 days.

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.
Short timeframe + low volume coin + buying activity = 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. You can also navigate through our site on the signals page

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. Use the resources in Xypherian to understand from a fundamental level what is happening

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 allows traders to monitor the whole market at once. You can sort and view the market in ways never done before. Check it out today