What do you all think about the order book? Do you personally use it for your trading? Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below!
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You know, I'm still new and learning but it seems that unless your holding, and you instead day or swing trade, looking at buy and sell volume is way more relevant than looking at what the chart has already done. If your looking at the chart for what to do short term, (minutes) then you're already to late to act.
Unbelievably stupid. Anyone who trades looking at the order book is an idiot... Do you look at the order books on all the exchanges selling your coins? Do you look at the order books for only the largest volume of the coin your buying? Do you just assume spoofed orders don't exist? Do you just ignore the fact that the fucking order book has zero effect on the price? Holy shit... unbefuckinglevable.
I would like to share with you all the man who changed my life , who took me from grass to grace Mr Alessandro Paunovic, I started trading kind of late , but i believed that there was time for everyone, i met alot of scam but now i am grateful that i met a reliable source to manage my account and i have not had any regrets ever since , contact him on [email protected] and notice the difference yourself..
I have recently created a pump community
It's running entirely on flat hierarchy without prepump.
Right now I need partners and members in order to get this going!
If you wanna help me build the community
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It would be a great help!
Let me know if you are interested
Hope to see around and talk further about pumps and ideas on how to gather people!
quick question...in the order book chart, is the y-axis volume? or is it number of open orders? if it's number of open orders, can't orders be different sizes, and so it'd be hard to figure the exact amount of resistance?
as you can probably see, i'm a little confused...if someone could help me out, i'd really appreciate it.
Hey! Let's welcome you all on this discord chat https://discord.gg/dMmZ5gM
we talk about crypto and other stuff aswell. generaly nice group ! nice ppl.
helping you out if you have any questions !
see you there! greetings Dvs
The amount of trading bots have significantly increased lately making it hard to use the order book. I now basically just buy the best sell order in the book as putting in a buy order before the wall ends me up with getting right after the wall in less than a second. (that's on Binance) As well the amount of fake walls that are just put in the order books to create panic are enormous lately. Now you can really see how low the volume on cryptos is making it so easy for whales to manipulate the market,
I'm a total novice in this game and I've watched your trading tip vids in order thru this one. Just want to say thanks for the clear explanations! After each video I feel like an "expert" until I watch the next one and realize how little I know!
he is full of shit..try;ing to act clever and fast...im gonna make a video that explains it properly and clearly to everyone....these muppets dont know what they are talking about ...if they did ..they could explain it simply like i am going to do .
OMG, I cannot thank you enough for this! up until now, I lost probably 200 in 3 days by going into a trade blind. Now, I know what that graft is and I am making MUCH better market decisions. Thanks a million.
how can I tell what the minimum order of an exchange is? I get this error when I try to make an exchange that says "MIN_TRADE_REQUIREMENT_NOT_MET" even though the total in the box is more than 0.000500000
"Agreement." Agreeance isn't an actual word, it was used by Fred Durst of Limp Bizkit while giving a speech at an award show and the media errupted because of the mistake. It's like saying "that botdollar hit $17k!" We get what you're saying but, specificity is king, as is that botdollar.
Good explination though.
thanks dude your videos are very helpful. I watched your trading for intermediates and liked it. Would you consider making a video specifically for day trading or swing trading, as opposed to the long term 1-2 year stuff.
maybe i didnt understood you but i think youre wrong. In your example you said that if you want to buy at 0,00084 you have to get through 220 SELL ORDERS but that number means that if you want to buy that coin for specific amount of other coins (bitcoin) you have to get through up to that price - 0,00084. And in oposite direction if you want to sell specific amount of 10x for some amount of bitcoins it shows you the price what you have to get up for that. So if you want to spend B220 on 10x you have to set the limit on 0,00084 becouse up to that price every ask order sumed up to B220.
Isn't 45 BTC the amount requested to clear just that "price column" which is 0.00671
So,to get to that price you have to clear before the anothers "ask column", each one of 45ish BTC (decreasing towards the left side), so the amount of BTC to get to the mentioned price will be lots more (hundreds of BTC).
Not sure about this: i'm learning from you thanks to these videos and trying to clear some doubts ;)
Wait... So I always read it wrong! In your example of the 220 BTC on the sell side of the order book at price "x"... That doesn't mean that there are 220 BTC of orders that want to be sold AT x... But 220 BTC of orders that need to be cleared to get to x! So 220 comprehends all the orders BEFORE x too! Right?
In Crypto this could sometimes work for small caps, but in general in financial markets, and in crypto it will be the same soon, orderbooks change in split seconds. Especially in very liquid, high volume coins. First of all it doesn't show triggered orders or orders by a bot, that can totally catch you off guard. So be aware of that.
Good example are orderbooks on bitfinex. There seem to be a lot of bots going on. Also for coins on multiple exchanges, you have to consider multiple orderbooks. Trading the order book is not a good idea imo
Thanks Nick! Been educating myself, before getting my feet wet in trading. And the order book was still a question of mine.
You really explain this in a laymen’s terms, while still keeping it high paced and interesting, which is really refreshing. Shout out from Holland / Germany!
+DataDash Are you ok man! ? This isn't healthy anymore to keep silent for so long, not even a tweet on your twitter... It was healthy if you didn't posted every day, but because you did and didn't enounced a break, my gut is telling something else.
Only 3 options cross my mind.
1) something really bad happened to you (or a family member, but then a short tweet was possible)
2) arrested for teaching us and you are in jail now
3) abducted by aliens to see the future, knowing what coins we need to buy.
Obvious 3 is a joke, just to keep it lightweight, but every minute that pass without a sign of life is given me the creeps. So if you read it, just let us know via twitter or YouTube you are unharmed and alive.
The last thing he said was on hes twitter: "Nicholas Merten @Nicholas_Merten 26 sep.
"Permit me to issue and control the money of a nation, and I care not who makes its laws." - Mayer Amschel Rothschild "
Maybe they took him! fuck me i'm scared xD Cant wait for him to show up
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