What is a Market Depth?

in #cryptocurrency2 years ago

Hi this is Kuraizuke and welcome to my digital lifestyle.

Today, I will further explain one of the tools that Coinut has and that is the Market Depth.

Market Depth

is the visual representation of the Order Book.

Coinut's Market Depth

Aside from the Candle Chart, you can use the Market Depth to help you when to buy or sell a cryptocurrency. The trick here is to know which one dominates. If you see that there are a lot of buyers, this means that the dominating ones are the bidders. Knowing how to read the Market Depth will help you when to get out or sell out a cryptocurrency or when to get in or buy in a cryptocurrency. This will help you when will hit the resistance level and get out before it reaches the sell wall. For visual explanation, please watch the video below to explain it better:


For more info, you check this links below:
https://www.investopedia.com/terms/d/depth.asp
https://www.investopedia.com/news/buy-and-sell-walls-cryptocurrencies-bitcoin-ethereum-ether-ripple/

If you think that this is helpful, you may use my referral link: https://coinut.com/?r=7t6 and get a free 0.001 LTC...

Thanks for your time reading this and happy trading...

Disclaimer: I don’t consider myself a financial adviser and before deciding to participate in any exchange platform, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with Cryptocurrency trading, and seek advice from an independent financial adviser if you have any doubts.