For many months running, Whaleportal has been an outstanding predictor of Bitcoin’s ever-dynamic price action, something which saw the digital asset scale up to an all-time high value of $73,800. The accuracy was thanks, in large part, to the platform’s advanced charting tools and data feeds, the latter of which were privately disseminated via a Telegram channel called ‘WhaleAlerts.’ Listed below are some of Whaleportal’s critical features, a brief intro to WhaleAlerts and the price movements it got right.

 

Simply put, Whaleportal is a comprehensive Bitcoin futures trading dashboard that offers a wide array of information about Bitcoin markets. Users can access key metrics such as funding rates, the crypto fear and greed index, taker buy/sell ratio, among others. Designed specifically for Bitcoin and cryptocurrency traders, Whaleportal provides essential tools and insights for informed trading decisions.
 

Similarly, WhaleAlerts is a private Telegram channel where users receive real-time trading insights and predictions from Whaleportal. Anyone can join the channel and access exclusive market analysis/updates by signing up through an affiliated exchange. More information about WhaleAlerts can be found here.  
 

What Whaleportal got right

While most Twitter accounts and experts were busy posting predictions that were exactly opposite of what Whaleportal was espousing — probably due to the influence of prevailing sentiment at the time — the platform's analysis provided highly accurate insights to its clients.

13 April: Selling Pressure Decreases

On April 13, the Whaleportal team indicated a significant reduction in selling pressure with a neutral sentiment. The charts suggested that momentum indicators were setting up for a bullish divergence. The main scenario expected was a consolidation into a lower, more negative sentiment, leading to a potential better setup.

WhaleAlerts Telegram post from 13th of June 2024

 

18 April: Bearish Sentiment and Bounce Prediction

By April 18, the pervading sentiment had turned bearish, and selling pressure remained low. Whaleportal predicted a local bottom, expecting Bitcoin and altcoins to experience a bounce. This prediction materialized, as Bitcoin saw a notable bounce from approximately $59,000 to $67,000.

WhaleAlerts Telegram post 18th of April 2024

 

20 April: Strong Technical Picture

On April 20, Whaleportal's analysis showed Bitcoin had bounced significantly. Despite the already high bullish sentiment, technical indicators suggested further potential for upward movement. As evident below, the charts reflected good buying pressure and positive momentum indicators, hinting at a continuation to the top of the range.

WhaleAlerts Telegram post 20th of April 2024

 

22 May: Bullish Sentiment at the Top of the Range

By May 22, Bitcoin was at the top of its range, encountering selling pressure. Momentum indicators were up, and the overall sentiment was highly bullish. Whaleportal advised caution, suggesting a wait for the data profile to stabilize before entering new long positions. This conservative approach highlighted the importance of patience and data analysis in such high-stakes trading decisions.

WhaleAlerts Telegram post 22nd of May 2024

 

4 June: Nearing a Local Top

On June 4, Whaleportal's analysis indicated that Bitcoin was at the top of its range, with sentiment still bullish. The prediction called for a potential pullback before any further continuation to the upside. This expectation was based on historical data and market behavior observed through Whaleportal's charts.

WhaleAlerts Telegram post on the 4th of June 2024

 

11 June: Yet another Accurate Prediction

On June 11, Whaleportal accurately predicted a short-term bounce when Bitcoin was at $66.5K, publishing the chart below to illustrate its analyses. A day later, Bitcoin's price bounced to over 69K, confirming the prediction.

WhaleAlerts Telegram post 11th of June 2024

 

What is Whaleportal PRO?

Whaleportal PRO is advanced charting software that consolidates various market data points into a unified interface. It also offers substantial visualization tools, such as ‘heatmaps’ — tools associated with buying/selling pressure and market sentiment — thus offering insights into mass market dynamics.

Retail investors can use these maps to understand how liquid the market is and the likely price moves that may be witnessed in the near term. Moreover, they exhibit information about the intensity of orders being placed for buying or selling at any particular moment through different price levels, allowing users to track probable levels of support and resistance. 

Similarly, sentiment heatmaps, as the name suggests, provide a graphical representation of the pervading market sentiment by extracting social media trends, news, and other such data.  

 

Looking ahead

As the crypto market continues to mature and grow, Whaleportal is allowing traders to wade crypto’s volatile waters efficiently. With its powerful charting capabilities and real-time insights — delivered via the WhaleAlerts channel — beginners, as well as professional traders, can make better sense of the market.