could some kind anon red pill me on what the hell this thing is? everyone keeps talking about sell walls, order walls, bla bla....none of it makes sense to me
what does the graph represent? are the color arbitrary or red = bad? does the steepness of the graph matter? what should i be looking for when buying/selling? etc etc
this thing might as well be egyptian hieroglyphics yet everyone on biz keeps referencing it
>>2303782
Green are the buy wall, red is the sell wall
The height represents the number of sells or buys at that specific price
That gap is concerning though, usually you see the green and red meet in the middle
I consider it a battle of sorts, the armies are strong on both sides, and fight in the center
That specific picture seems to say that there is a higher demand, i.e. more people want to buy than want to sell
>>2303823
so on the left for example, where the x axis goes to 185...does that mean a bunch of people have a buy order in @185 sats? and those ordered wont be fulfilled until the price drops to there?
so when people talk about buy/sell walls....are they referring to steep places in the chart where a lot of bids/asks are in at a specific price?
if so, how do i tell which kind is bad? like, if im trying to buy, is a sell wall bad? or a buy wall? what do i need to look out for?
>>2303782
Where is this?
>>2303942
click "order book" at the top after select any coin on bittrex
>>2303942
Bittrex or Poloniex, each coin has one