Published On Dec 29, 2023
Learn how to make sense of the chaos on crypto exchanges with this beginner's guide to reading and utilizing order books. An order book shows all open orders that have been placed to buy or sell a cryptocurrency on an exchange.
In this video, I will explain what each part of the order book means including:
The bid wall vs the ask wall
Market orders vs limit orders
Order sizes and depth chart
Understanding an order book allows you to:
See current support and resistance levels
Identify walls and hidden orders
Decide optimal entry and exit prices
Analyze market sentiment and direction
Whether you're looking to day trade altcoins or invest long-term in Bitcoin, knowing how to read an order book gives you an edge. I will demonstrate step-by-step how to interpret the data and use it to your advantage in trades.
By the end, you'll have the knowledge to analyze order flow, spot opportunities, and make better crypto trading decisions.
Become a member and Gain Exclusive Perks 👇
/ @geekdfinance
Discord: / discord
For brand deals, sponsorships or adverts, send an email to [email protected]
#crypto #orderbook