Retarded Depth Chart

[Anonymous No.29811950]

Why are order books and depth charts even visible if they're complete bullshit?

[Anonymous No.29811976]

[Anonymous No.29812004]

I "know" how to read these, but like how do you even make sense of them and get insight out of them?

[Anonymous No.29812093]

>>29811950
>>29811976
>>29812004

[Anonymous No.29812114]

>>29812004
Sell walls are the only useful metric I get from volume charts. If there's a lot of volume to sell at a certain price and not too much buy pressure, the price will probably tank when it reaches the wall.

[Anonymous No.29812143]

>>29811950
If you Market sold a million link you'd flash crash it to sub 10. That would be kinda cool to see lol

[Anonymous No.29812178]

>>29812004
bigger side is supposed to indicate the direction from which winds will blow, walls are supposed to be counterindicators, and so on, but this shit means fuck all because orders can be opened and closed at will in milliseconds with no cooldown or penalty of any sort

[Anonymous No.29812520]

>>29812114
I guess that makes sense. How reliable is it though, especially with cancelling?

>>29812178
That's what I've noticed, you can just cancel and immediately influence the order book. So how is there any meaning since it's non-committal?

[Anonymous No.29813324]

>>29811950
>if they're complete bullshit?
>complete bullshit
why?

[Anonymous No.29813450]

>>29812114
>not too much buy pressure
how do you measure buy pressure at some point level?

[Anonymous No.29813480]

>>29812143
>If you Market sold a million link you'd flash crash it to sub 10
newby here
why sub10?

[Anonymous No.29813626]

>>29811950
they’re relevant to the exchange you’re trading in. your order will be part of that book so it is useful info. it is however useless to analyze the market since there are so many CExes and DEXes.

[Anonymous No.29813732]

>>29813480
all of the buy orders would be filled. assuming no bots were triggered the only market buy orders remaining would be ones existing for a price much lower than expected.

if no one is buying what youre selling, it is worth precisely zero, same logic.

[Anonymous No.29813776]

>>29812520
Its almost like the whole thing is just gambling

[Anonymous No.29813846]

Don't the existence of trading bots completely invalidate depth charts?

[Anonymous No.29815156]

>>29813846
the ability to open and close limits in milliseconds with no cooldown is not good

[Anonymous No.29815208]

>>29813846
yeah

[Anonymous No.29815752]

They give approximate movements of price. Zoom out on the book.