Quote from: Tytanowy Janusz on Today at 04:42:29 PM

Quote from: bitcoindata21 on Today at 01:44:00 PM

Looking at the orderbook, the whales are trying to push the price down, taking advantage of low liquidity during holiday times, especially on coinbase

My latest video goes through each exchange to see where and how the price is being pushed around

What part of this orders are spoofing?
What part of this orders are waiting arbitrage orders and will disapear when price will get closer?
What part of this orders are just orders form marketmakers?

Don't you think that looking at this indicator gives you same information as traditional TA but is far more disturbed/blurred by false data?

Good questions, that is not the conclusion i've come to at all. Combining many exchanges doing the same thing usually gives me strong confluence. The only thing i've found that counteracts my orderbook bias is either strong stock market moves and/or strong market buying/selling

Obviously some are spoofing, but that doesnt mean they dont work. Human nature is easy to manipulate, so the same patterns happen again and again including effective spoofing or other whale strategies. Like i said, combining all the exchanges usually provides a clearer possibility. Right now more are bearish than bullish