Take a good look at the screenshot I got from coinmarketcap recently and see the titles. Notice the time between these are published and platforms these are taken from. What can you infer?
Just some bullet points of thought:
By the time you read the news, the event has already happened and you're either too late to buy in if the coin pumped or sell if the coin dumped.
Different platforms would look at the same chart and tell a different story. It also depends on who's paying these platforms to shill new tokens. So PEPE whales supposedly dumped and there's a new MEME coin anticipated to pump, if you're the one pulling the strings, when is the best time to make the public aware of this supposed great find? after you stacked enough tokens to dump on the new bag holders.
If whales are dumping, then there's another party buying in the dip. The same is true when you're buying, there's someone else on the other side of the trade happy enough to let you hold their bags while they make an exit. It goes both ways that someone on either side loses or gains something when the price moves. So when PEPE whales dump, someone else is probably accumulating, but it doesn't mean they are part of the club of rich money or their bet has a guaranteed win.
When I read a headline that says whales or large institutions haven't are buying up BTC and this is a bullish sign, I can't help but think... well who exactly is selling BTC in large volumes? surely it's not the retail bros trading in their basement with a small capital, right?
When a whale buyer and a whale seller meet, one of them has to be at the wrong end of the trend or the other is taking profits. But these are supposed to be smart investors because they got big money. Learn from Bitconnect or FTX investors that bet big, even if an investor is loaded with capital, it doesn't mean they are 100% right.
There are people that actually gamble money not meant to be gambled with the confidence they get from the news. Contemplate how many times in the past you get influenced by the people around you about your money making decisions.
The coin marketers don't have your best interests. If they give you good or bad advice, they still get paid to shill. The same is true with crypto influencers that want to shill. Even if the advice is made with good intentions, it's not like your risk of loss is equal to them. Your influencer and you may lose money on the trade, but they earn from views and paid endorsements.
This token is the future, it's revolutionary, a game changer, it would bring value to its holders and yadayadaya - post gets votes. The token being shilled didn't pump. Author still goes home with the tips.
Thanks for playing the game and for your time.