How to read the btc depth chart

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The birth of Bitcoin was with the price deep into the most famous and widely-adopted illustration on chart.

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How to Read and Use a Crypto Order Book - Cryptocurrency Exchange Order Book Explained - Trading
The Depth Chart reflects market depth in real-time. Our Depth Chart shows the depth of the Bullish Order Book, which combines the functionalities of an. See our in-depth guide on how to read candlesticks. Below are examples showing candlesticks and chart patterns used by traders to anticipate price movements. The more unrealized sell orders exist at a given price, the higher the sell wall. A high sell wall can indicate that many traders do not believe an asset will surpass a given price, while a low sell wall may signal that the asset price is expected to rise.

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What do you mean?

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Buy and Sell Walls Buy and sell walls indicate a significant volume of orders at a given price, and can indicate market trends. Often, individuals will choose to either hold bitcoin as a long-term investment, or engage in trading. Buy orders are placed in dollars, or other fiat currency. A high buy wall can indicate that traders believe the price will not fall below a certain price. For those looking to engage in trading, knowing how to read a Bitcoin depth chart is an essential part of understanding the market.