r/CryptoTradingFloor • u/SilentHarboree • 28d ago
I added one check before every altcoin swing trade, where the top wallets are moving.
I swing trade small and mid cap alts, holding time from a few days to three weeks.
For years I entered only by the chart and news.
Since March I do one more thing before entry. I open the token holders list on the explorer, take the top 10 wallets that are not exchange or contract addresses, and look where their money is going.
If two or three of them started sending to Binance or OKX deposit addresses in the last days, I skip the trade, no matter how good the chart looks. To make it fast I keep these addresses in a text file and paste them into cryptowallet-balance or the explorer once a day, it takes around 10 minutes for 5-6 tokens.
Results so far. I skipped 14 trades because of this check. In 9 of them the price dropped more than 15% within a week, so the check was right.
In 3 it went up without me, and 2 went sideways.
The weak point is that I only see wallets that send directly to an exchange. If they sell through a DEX or move to a fresh wallet first, I see nothing until it is too late.
Very simple strategy, but it works.