1. On any one exchange, I check the Sell and Buy Order books. My first question here is, these sell and buy order books move so fast that it is difficult to look at them and analyze in real time. Is there another way to do it? The rows keep moving up and down as and when the orders get executed.
2. Sometimes, I see the Sell order book moving much faster than the buy order book and this is usually at the time when the market is going down. So, I think this is self explanatory.
3. I see a few big sell orders at a certain price X which is Y% greater than the current price. Does that indicate a high resistance level at the price X? Can I expect the market to go down once it reaches the price X if there are a lot of sell orders at that price? Is there a better way to analyze?
4. I sometimes check the Trade History on the Exchange and I can see more Sell orders than Buy orders (or vice versa) at any given instant. But this kind of analysis is not fruitful since it is manual and also a bit vague.
I think it would be great if I could chat with someone in real time who is an experienced trader just to understand all this better. If you would be willing to chat and discuss, please send me a private message
The sell order you are talking about at order book was executed by bot, some trader/user who has a huge fund sometimes using order book to make a wall on Sell/Buy went they want to pump/dump the price. The order book bot, always moving went some trader above or below his order so basically it's kinda hard to follow the movement of order book by bot if you doing put an order by manually.2. Sometimes, I see the Sell order book moving much faster than the buy order book and this is usually at the time when the market is going down. So, I think this is self explanatory.
3. I see a few big sell orders at a certain price X which is Y% greater than the current price. Does that indicate a high resistance level at the price X? Can I expect the market to go down once it reaches the price X if there are a lot of sell orders at that price? Is there a better way to analyze?
4. I sometimes check the Trade History on the Exchange and I can see more Sell orders than Buy orders (or vice versa) at any given instant. But this kind of analysis is not fruitful since it is manual and also a bit vague.
I think it would be great if I could chat with someone in real time who is an experienced trader just to understand all this better. If you would be willing to chat and discuss, please send me a private message
Also, they created a fake transaction history order, they have 2 accounts and buying each order book by themself to make attention for other traders. To identify a fake transaction order, you can see the if the order has the same amount + time the order was executed by the same person.