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RE: Awesome PAY trade yesterday, and how to use Volume on a chart

in #trading7 years ago

This is great - thanks! Please could you do a video explaining how the order book works? I'd like to know how we 'read' it to find out what the price is going to do - especially to see if we've hit the bottom of a dip, or to see if it's about to go up.

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The order book doesnt tell you much... except what size order you should put, so that you dont influence the price.. there are some bots on ETH that out bid you or out ask you lately... that makes it even harder to read because they disapear in seconds and come back as fast.. Really, using the orderbook to try to decide on a trade will only frustrate you.. but i will discuss this in my next video.. im writing your question down.