Can someone explain this?

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green is good red is bad

>>2326547
Its an accumlation of the buy/sell orders.

So for the price to drop to 33.4 it would need to sell around 5k worth of orders.

Bigger green mountain means more buying support.
Bigger red mountain means more selling.

A bigger red mountain means that there will be heavy resistance for the price to go up.
The same in reverse for a green mountain.

I personally have a good analogy for how this works.

The price sits where the green and red touch.

In the steady state, before momentum:
The steeper the hill on either side, the less likely (and harder it is) to go up; the price movement will favour going up the less steep hill of the two.

What adds momentum?
The more 'work' expended in overcoming a hill (e.i. the steeper it is), the more aggressive the price will BOUNCE BACK from where it came.

I.e. When the red has a big wall, and green is a small slope, the price will go down. Once green build a big wall, if it had enough sell (reverse) momentum to overcome that wall, the price will rocket up until it hits another sell wall. I.e. ping pong, where one paddle eventually hits harder than the other.

I can keep going on, but trust me. Get to know this, and you WILL make money.

It means you lack Basic Common Sense and should cash out before it's too late

>>2326799
It is a good explanation for dumb.
You can't convince a smart guy, though.