/biz/ help me out on this one...
what I don't get is why showing "ALL" would be more relevant to getting to know the course of a crypto. Since most of the orders are very over/under value they shouldn't be relevant, r-right? I mean those are mostly orders put in to prevent missing out if the price drops/raises a lot. So why should I consider them? What makes them relevant? (at least thats what I read in some threads)
Also how can I spot if the price is going to rise/drop? I suppose its the vertical, meaning the amount of orders?
Thanks!
>>2767518
>to make the first question more clear:
25% should be the only view that matters, since it consists of the most "realistic" priced orders?
From what I understand about reading an order book, you want a ton of green and not a lot of red as a good indicator that it's about to moon. A bunch of red and low green means the coin is about to tank. I may be retarded though, please correct me if I am.
Another useful thing to do with it is to look at the sell walls, as these are the expectations of where a price should be by people. Usually the coin will be fighting to go between a sell/buy wall.
>>2767549
>you want a ton of green and not a lot of red
yes I got that already, but my question is more why I should look at all orders instead of 25% price range
the order book really isn't going to tell you much, because lots of red can vanish instantly. same with green. it's all whale games, dude.
>>2767809
so I shouldnt give too much about it?
>>2767861
Generally no. It's mostly useful like I said earlier regarding buy/sell walls to determine what market expectations are for price ranges.
>>2767861
if you have a lot of BTC, you can fill that chart up with so much red / green and take it away just as instantly. it's as easy as placing an order as long as you have the capital in your account.
so just think about it. the whale(s) are using these green and red colors to influence the small fish. don't put too much stock into it.