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RE: How am I going to deal with Segwit and BitcoinCash BCC? Should you get comfortable with taking loses?
Hi Luc,
First off, thank you so much for taking the time to post the video tutorials. You are an angel!
It would be great if you could tell us something about market depth graphs like the one below (BTC/USDT from Poloniex) in one of your future video tutorials. I would be interested to know if the market depth graph gives an idea of the demand and supply of a crypto.
I don't use the market depth in the way you might imagine.. It really doesnt tell you much of value.. since this is a new market and there are tons of investors that just sit on there hands and dont actively trade. So they will be sitting high up on the ask, waiting for price to find there order someday.. this skews the market depth chart.. so there may seem to be more sellers than buyers on many of these charts.. and then when the coin is just introduced to an exchange, then the buyers will way way out wiegh the sellers, and it looks like the price should soar because of the demand but on other exchanges there is plenty of sellers, so the market depth is again, not portraying the anything usable.. I dont bother with this type of market depth chart, its too hard to get an accurate read off it.
Yeah I would be interested in this subject also. I was watching as NAV was cracking and watched these walls appear. I'm curious how to read volume, I think I'm getting a few things from watching as I trade but would be good to get tips from a pro.