Quote from: DanTalksCrypto on August 25, 2018, 03:29:14 PM

Depth charts are illustration of order book - I agree. But once you adjust out all the walls I find it a useful indicator of when to stick in a trade and when to GTFO. They show future intensions.

Candles represent the past - I have been dar more successful using depth as an indicator than candles.

They show current intensions of makers that want to show their intention not future and also dont show even current intention of takers and those not willing to show their intention. So it shows like 20% of what is creating price and those 20% is manipulated as f... And its soo manipulated because deepth manipulation is easy, effective and FREE. There are not a lot of manipulations that are FREE. In bear market buy site is almost alwais bigger than sell what dasnt stops price. It just goes down eating those walls. You are earning out of this. Ok. Good for you. Question is if it will work in any market codition. I was like that few years ago too. Bolynger ... omg its soo easy to earn... buy sell profit... buy sell profit. After week market changed and i lost in few trades all profit. I change indicator and it was like that again and again. Now i know that all of them are useless. Rsi can be oversold for years. Bolynger can give buy singal just beafore dump trends are made to be broken in any time. When you see trend line it only show that currently we are in this trend and you fucked up months ago. It dasnt show anything else. Tommorow we can be out of it.

https://bitcointalk.org/index.php?topic=3692757.msg37796560#msg37796560

You can take a look at this discussion. This guy also say that TA works for him and he predicted 12k in july... while BTC in july was at 6.5k . TA and any other magic indicator work sometimes. Like coin toss... 50/50

Like deepth chart. It works on specyfic market condition while not beeing manipulated ~10% times.

If you are earning on this than continue. But if market will change dont blame yourself after fail trade. Dont do more and more fail trades with this strategy hoping to finally earn like you did beafore. Dont spend time on searching where was your mistake. You didnt made one. Market changed ... new whale came with his new strategy and its just not working for now. Because every indicator sometimes work sometimes not. Thats why they are useless.