Ok I'm asking for a bit of help here to understand the Order book charts.
Here's what I understand, please feel free to point out where I'm wrong or what I'm missing.
- It appears that there are many more buyers than sellers
- There are some buy walls (if I can call them that) at 1980, 1966, 1929 which are points with a lot of buy orders ready to execute. But this does look like if the price starts to fall it will fall with jumps.
- For sellers there are no real walls, its just a steep slope upwards, eaming the price flucturation will not be very high in a upwards trajectory, it will rise smoothly.
Not sure how much help that information is, but it looks like its a indicator of short term movement / strength.
Also there seem to be buy orders worth total 60 BTC vs around 90000 BTC worth of sell orders, Does this seem right?
Am i Reading too much into it?
I would post an image but cant seem to get it to work.