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/biz/ - Business & Finance


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File: 26 KB, 1214x461, orderbookgreen.png [View same] [iqdb] [saucenao] [google]
5408189 No.5408189 [Reply] [Original]

What does an order book like this mean? A lot more buying pressure than selling? I'm an uneducated faggot and want to change my ways. Thank you.

>> No.5408229

>>5408189
From what I have learned is it doesn't mean shit. jk i dont understand it either :(

>> No.5408279
File: 131 KB, 1680x818, God3.jpg [View same] [iqdb] [saucenao] [google]
5408279

Green - Buy
Red - Sell

>> No.5408283

I'm still pretty brainlet on this stuff, but it appears there are a small amount of people wanting to sell at the current rate then you get to a wall of people at a higher rate. On the buy side you have about the same number of buyers from the current price to the lower prices.

>> No.5408291

>>5408189
High sell walls are a good thing, a near sell wall is bad. Lot's of bids that are far away are bad and near bids are good.

>> No.5408315

>>5408279
>Early ass mornign
>Supreme comfy ass clothes

Is there anything more comfier lads?

>> No.5408364

>>5408189
Literally impossible for a human to read it. It's like doing complex math in your brain. You need a computer.

>> No.5408478
File: 1.90 MB, 250x250, 1469297027011.gif [View same] [iqdb] [saucenao] [google]
5408478

>>5408283
>>5408291
Helpful info, thanks anons

>> No.5408779

don't look at the order book, you will get confused and scared and do the wrong thing, which often is exactly what it wants you to do so it can fuck you out of your money.

go and google god.pdf by wolong to read about some market maker tactics and the use of sell walls and buy walls, and why they are used.

and the next time you see a million dollar buywall pop up for 30 seconds that makes you want to go all in, ask yourself, if i wanted to buy a million dollars on the exchange, would i be best served by putting all my money unhidden on one price? or is there another reason i might want to flash a huge order on the screen for everyone to see?