/biz/ - Business & Finance

don't even waste your time. Depth charts don't matter anymore.

Green buy
Red sell
Big more
Small less

Idk what it all means tho, on your chart sells are more powerful so price should decline

Im a retard also

>>24561871
Literally, which avalanche would fall harder.
That being said, it's all relative desu.
t. retard

Recently I faced with a new platform, duckdao.io, seems legit. Has anyone taken part in their Hunters Season, what can you say about DDIM?
Wanna know your opinion before investing.

>>24561951
That's what I figured, but what confuses me is at the bottom of the chart, it shows prices. So I'm assuming this is showing all wallets currently holding the coin (nu) at specific prices? So the right side shows how many people bought at higher prices than current market value, and the left shows how many bought at lower market value?

>>24561871
shows the depth of the orderbook, could mean a number of things generally the thinner the depth profile is the harder it is moving in that direction. A slim acute angle triangle on the green side typically means the buy pressure is on, but also means a thin buy side book; harder to sell at the market price. Better to toss up a sell limit in that case

>>24562004
Green = limit buy orders
Red = Limit sell orders

>>24562080
like I said, I'm a retard. I don't really know what that means.

>>24562004
It's the price they are going to buy or sell at. What the buy price of those orders were originally is pure speculation.

you don't
t. investment expert with 10 years experience working on wall street
hope this helps anon

That's Nu that you posted.

>>24561871
Those charts used to meaningful, but for the past 8-10 years they mean fuck all.
With bots and high frequency trading you only see what (((they))) want you to see.
On lightly regulated crypto exchanges (((they))) may only show you what (((they))) want you to see too.
There are whales that pay huge dollars to exchanges for their honest data so they can front run you and look at their order books.
You think an exchange is then gonna give you any valuable actionable data for free?

>>24562144
Checked.

This chart is cool because you can see ALL the data without having to read anything. If you need precision then you need to open up the order book.

>>24562130
Yes it is. I dumped mine earlier today for some XRP, I was just looking at this though and wondering what it was trying to convey, I couldn't figure it out.

>>24562130
nu moon mission begins at 7:02UTC
cap this shit

>>24562172
I won't hold my breath

>>24562165
The slope of the graph indicates how quickly the market can pass through a given price. If the tangent line is flat, there is no resistance at that price. If it's vertical, there is lots of resistance at that price.

The red is resistance is you're hoping the price goes up. The green is support that it doesn't go down.

I tend to think of the selling as one of two things: optimism that people will buy from you at a price or bagholders trying to recoup losses. I would lean towards bagholders if a price had recently spiked and come back down to earth, i.e. Exactly what happened with Nu.

The buying side is your reassurance about how hard or how easy it would be to have the rug pulled out from under your feet at a moment's notice.

There's a lot of other contextual cues that can help you to interpret them. For instance, Balance had an enormous buy wall for a while. That seems bullish, and it is reassuring, but it also meant that nobody was interested in buying any higher than that.

An odd pattern of facemelting price action I've noticed is that typically a bullish buy distribution is like a 30-60-90 triangle.

>>24562281
Thanks for the insight! I can see what you're saying for the most part. I imagine when you see a large vertical line, that would indicate either a lot of people wanting to sell or purchase at that price

>>24562281

>>24562376
It looks like your picture is from coinbase pro? Do you see order book - the long window with the current price in the middle, higher prices go upwards (red) and lower prices downwards (green)? For every price points, it shows how many buy orders (green) or sell orders (red) are in the book for that price at the moment. If the price goes up a bit, the sell orders at that price will auto-sell, if price goes down the buy orders will auto-buy.
In depth chart in your picture shows the sae thing, but accumulative. So if the current price is $100 and the order book shows 10 buy orders at $90 and 5 buy orders at $80, the depth chart will show a height of 10 at $90 and a height of 10+5=15 at $80. Hope this helps!

>>24561871
green = demand at price point
red = supply at price point
They are in constant struggle, and the taller one side is, the more "pressure" it usually takes to break it.

But also, it can be completely useless on it's own because it only shows listed market orders.

>>24562144
This. With so much automated trading and so much manipulation going on, it has becme almost meaningless.