Can someone teach me how to read order books and trends and shit?
Or direct me to a place that teaches it, with a focus on crypto and altcoins?
Im new but not sure where to start before I drop my first $2500.
>>2261804
at a very basic level, the book pictured shows that more people are trying to sell than to buy, i.e supply exceeds demand. This means price will likely decrease
>>2261804
This graph tells you that either you want to BUY NOW because that sell wall is fake, or you want to HODL because that coin is dropping in price very quickly.
>>2261832
>>2261837
So as a BUYER this tells me prices will drop or are dropping and its good to buy. But if I am a SELLER then sell now before prices drop more unless I think long term holding will be more profitable?
And basically reverse for buyer and seller if there is lot of green vs a little bit of red
Right?
>>2261863
>price goes up is good trend :D
>price goes down is bad trend :'C
what happened to buy low sell high?
>>2262803
It's backwards
>>2261804
If it's red, you make spaghetti for dinner
if it's green, you make salad
>>2261837
>sell wall is fake
Sell walls are always fake. Same with stocks. Shit is manipulated. I never pay attention to it.
>>2261850
actually this wall that you are looking at is a fake sell wall, it serves to temporarily push down the price then it is slowly removed to make the price spike immensely
if the price has already dropped recently and is holding steady, then it is a good buy
if the price has not dropped yet (IE the wall just formed), then it is a bad buy