This 6 minute video, with only about 3 minutes dedicated to depth, has clarified more for me re how to read the depth chart, specifically in relation to buyer and seller pressure, than what 20 minute + videos have. Good job. Thanks!
Thanks for the video! Just started trading with crypto and this helped a a lot! appreciated you being straight to the point in your videos. You're a good teacher.. keep up the good work!
Would be helpful to understand some of the things that you can infer by looking at the chart. In other words, what is the benefit of seeing this visually instead of just looking at the candlesticks? And how could this view help inform your trading decisions?
some of the advantages to the order book are- you cna see actual volume being bought and sold- how does this help? it helps because on a chart you dont see the volume that people are trading individually- so with the order book, you can see the prices of buyers / sellers individually- which helps choosing a price range to buy / sell at............or on some platfoms you can just click teh price in the book......instead of typing it in for the trade.......which saves time,,,,,and time is of the essence - also- some coins do not have as much volume being traded- which means -selling the whole position may be a issue....so the order book will show you exact volume being traded- so you can make a educated choice- instead of guessing wether to buy or not...........also- the order book gives us the range of price - above and below the currant price......important information...... my order book also have the ability to show my indicators i have on my chart......that may be helpful
I'm new here in whole world of crypto, coming from stock before. Saaaad that i havent join DOGE train because my binance account still on verification 😭😭😭😭 is it really need 5 days to verif? I only on my 2nd days.. . Anyway this is very informative. My trading style is tape reading. Do crypto also has Fake Bid / Ask? Like a wall that suddenly dissapear when the price is nearly on that point
So how do you trade using depth of market? Do you have models to predict depth of market or maybe how long or often do you look at the depth of market before you execute a trade?
You wouldn't use depth charts exclusively to trade. You'd use them to get a better idea of what's actually happening with the order books and to see if they're real or not.
Best of the best. I got one question... Suppose if i buy btc of 1000$ on spot trading when the btc/usdt value was of 10,000$, but the value of btc/usdt now is 9000$. Will i lose all my money from the exchange platform ?
So. If buyers are more than sellers with more money are put to buy the token. Does that mean the price will go up? Or will go down since buyers are buying in lower price than sellers asking?
Thanks for the video. But 1 thing I don't really understand that How to calculate the length of "green bar/red bar" (buy wall/sell wall) on order book? Thank you!
@@cryptoforcanadians Yes, I know it depend on the Total of each order. But I still don't know how can we can determine the length of this bar? I mean the specific number, do you know that? Sorry for many asking :D
Do market depth effect the price? Ex if the price is at 40 dollar with bid 3 million shares at 37 dollar , will price go down till bid order and then go up?
Is the order book people who use stop loss and limit sell because otherwise who puts these deals onto this book I dont understand...nd r the buyers on the book people who buy off normal market or is there something separate
@@cryptoforcanadians do you know if i can use CANADIAN dollars as the trading platform? i mean i know i can deposit can dollars but does it have to be converted to US Dollars?
yes, they are. That means buyers are willing to buy lower than where it is and sellers are willing to sell higher. If one or both of them change to meet each other, they can make a deal.
Hi Thanks for the vid :) can you tell something about putting an buy order after reading this orderbook? Not sure how to determine that based on all the info. I am a bit confused. I mean for buyers to buy for the lower price the price must come down, but when there is more demand its bullish so it will not come down, how does that work?
@@cryptoforcanadians ok i will try. I want to know how to USE the information i can read in the orderbook to set an buy order. Where is the best place to put it if we take your video as our scenario? I get that there are more buyers so price probably will go up because there is more demand, but where should i put my buy order? at which price?
Not true. A sell off is when there are more people wanting to sell than buy. No one knows when that will happen for sure. You can use indicators to help but there's no guarantee.
Thank you for this! So helpful! I wonder if market orders always buy from limit orders? What does trade results show? Are they market order results or limit order results? Trade happens when buy and sell demands match so I wonder what does trade result show.
Hi! Could sb help me why my scroll doesn't work on this chart? I cannot zoom in or out unfortunately. Or at least at present I don't know how. And an another question is why are the crosshairs moves the same time?
@@cryptoforcanadians Me neither. The crosshair question pointed on why are they moving at the same time? Wha tis the reason, and what and how can I compare or calculate by that? :)
Absolutely. I love using them. If you're interested in using them as well, here's a link where you can save 10% on your trading fees: www.binance.com/en/register?ref=PWWHQ2RY
Best video on order books. I been watching a bunch of shitty ones. It seems to be a confusion on how to even do a video presentation that gets in the way of explaining something in shorty simplicity. "What the fuck does this do and is there an example of how it's effective in trading". End video.
Price is always the equilibrium between supply (sellers) and demand (buyers). That's the reason why prices of things go up, there are more buyers than sellers.
I'm trying to learn orderbook. Is it as simple as this guy is explaining -> ruclips.net/video/n54PtoK9r8M/видео.html. I just want to see more buyers than sellers and vice versa. What's with all the flashing numbers that the eye can't catch?
The order book is basically a list of both buy and sell orders that people have at certain prices at for certain amounts. That's all that it is. It's dynamic and changes all the time.
Save 10% on your trading fees on BINANCE:
www.binance.com/en/register?ref=PWWHQ2RY
@Ralph Hammond If it's a verified account then no. If it's not a verified account, create a new account with a new email using the link.
This 6 minute video, with only about 3 minutes dedicated to depth, has clarified more for me re how to read the depth chart, specifically in relation to buyer and seller pressure, than what 20 minute + videos have. Good job. Thanks!
Thanks for the positive feedback! Glad it was helpful!
Could've wrapped up in 2 mins still. 🙂
@poweruser6995 yea I agree with you. I made that video when I was kind of new to making videos on RUclips.
Perfectly explained. I saw some vids on the depth chart but nobody taught like you did. Short, easy and precious. ❤ Thanks
Thanks I greatly appreciate the positive feedback! Glad that you enjoyed the content!
Thanks for the video! Just started trading with crypto and this helped a a lot! appreciated you being straight to the point in your videos. You're a good teacher.. keep up the good work!
Thanks I appreciate it!
This is one of the best youtube videos. Explained so precisely. Thank you so much !
Glad it was helpful! Thanks for the positive feedback!
Great, support and resistance, orderbook price action, in depth market values
Kind of but not really.
Hey .. Nice..I liked.. Your way of explaining.. keep.. Going
Thank you so much 🙂
Imagine if someone made a channel "Crypto For Americans". LOL!
Well, I watched it anyway. Thanks!
Haha yeah imagine that!
Good vid..very informative - Thank You
Very informative video about order books, thanks for sharing 😊🎉
My pleasure! Thanks for the positive feedback!
Would be helpful to understand some of the things that you can infer by looking at the chart. In other words, what is the benefit of seeing this visually instead of just looking at the candlesticks? And how could this view help inform your trading decisions?
This is for more advanced traders. You can more or less see what majority of people are wanting to do at a particular time.
some of the advantages to the order book are- you cna see actual volume being bought and sold- how does this help? it helps because on a chart you dont see the volume that people are trading individually- so with the order book, you can see the prices of buyers / sellers individually- which helps choosing a price range to buy / sell at............or on some platfoms you can just click teh price in the book......instead of typing it in for the trade.......which saves time,,,,,and time is of the essence - also- some coins do not have as much volume being traded- which means -selling the whole position may be a issue....so the order book will show you exact volume being traded- so you can make a educated choice- instead of guessing wether to buy or not...........also- the order book gives us the range of price - above and below the currant price......important information...... my order book also have the ability to show my indicators i have on my chart......that may be helpful
Not a Canadian, but I’m willing to convert for this awesome content
Haha thanks, I appreciate the positive feedback!
@As It is You know it! lol
Is there a way to see where all the shorts and longs are positioned?
www.binance.com/en/futures/funding-history/perpetual/trading-data
Yeah this did help. I'm option trading after a rug pull on Splassive
Glad it helped. Sorry to hear about the rug pull though...
I'm new here in whole world of crypto, coming from stock before. Saaaad that i havent join DOGE train because my binance account still on verification 😭😭😭😭 is it really need 5 days to verif? I only on my 2nd days..
.
Anyway this is very informative. My trading style is tape reading. Do crypto also has Fake Bid / Ask? Like a wall that suddenly dissapear when the price is nearly on that point
I just understand that DEPTH from this video, wow lol that doge coin have mooooore seller than buyer, so maybe the price will be down again afterall 🤣
but anyway, i see almost top gainer get more seller in the Depth. is it normal? how can the price go up if the condition is like that?
Yes that's called spoofing and it happens all the time
Yeah we'll see
Thanks a lot, just what I was looking for at the moment.
I'm glad the video helped!
You seem genuine in your tutorials. Can I reach out please?
Yeah sure.
Finally a simplified depth chart video if u can read this then please confirm: i heard we can use depth chart as support n resistance????
That could be a part of your strategy.
Very good explanation.
Thank you!
Glad it was helpful!
thank you , How can i close order book or chart like kucoin?
You mean you want to switch back to chart view?
So how do you trade using depth of market? Do you have models to predict depth of market or maybe how long or often do you look at the depth of market before you execute a trade?
You wouldn't use depth charts exclusively to trade. You'd use them to get a better idea of what's actually happening with the order books and to see if they're real or not.
@@cryptoforcanadians When are they "not real"?
@@kissapeles If the buy/sell side orders that are currently happening on the order book.
Great video!!
Thanks! Glad you liked it!
love from PEI appreciate teh vid
Glad you enjoyed the video!
This is very very interesting bro, bt the point is within seconds buyers pressure can be changed 😉
Yes that's correct.
This helped so much! Subscribed! 🤝
I appreciate the sub! I'm glad the video helped!
Thank you, straight to the point
Glad you liked the video! Thanks for commenting!
please how can you use the order book to place trades.i need to know
The order book shows you the price of the buys and sells along with the quantity at that price. You wouldn't place trades based on that necessarily.
Thanks for the info. Im sure it will pay off.
My pleasure! I'm sure it will!
Thanks for this video. Is it correct that the order book excludes orders that have been executed? Thank you.
Correct.
Nice explain bro❤
Thanks I appreciate the positive feedback!
I'm not canadian but I just subscribed
Thanks! I appreciate the sub!
Is inflow/outflow a more basic version of this?
I'm not sure what that is so I can't comment on that.
so the left green side means there are more people buying? so the chart should go up right?
Yes that's the idea but I wouldn't rely solely on that.
Best of the best.
I got one question...
Suppose if i buy btc of 1000$ on spot trading when the btc/usdt value was of 10,000$, but the value of btc/usdt now is 9000$. Will i lose all my money from the exchange platform ?
No you won’t because you bought it with your own money on spot.
@@cryptoforcanadiansthen how much money will I have on spot wallet ?
Depends on the value of your coins.
petty informative......can i assume that thge last rows on the right are the transactions that laready happened?
Thanks! Yes that's correct. Those are the live trades that have just happened.
thx for this vid. i watched another person's vid and all they did was babble and i didn't learn anything lol
Glad you liked the video!
Thanks bro,
Welcome!
Are these are limit sell buy orders that placed or the orders that already executed? I’m confuse.
Whenever you place a limit order, they normally don't get executed immediately; those are market orders.
@@cryptoforcanadians thank you.
Hi, are you aware of any software that shows buy/sell further in advance? like open order indicators for BTC?
Perhaps this? ruclips.net/video/-bHoqKUnxH0/видео.html
@@cryptoforcanadians Thanks, i found something similar called "GoCharting" and Exochart
@@menez031 Thanks I appreciate you sharing that!
Great video thank you!
Glad it helped!
Does the market depth corelate to the time period on the chart or is it just live price action?
Price.
how you use this in your trades???
it effect your Decisions ??
If you're a day trader, yes it can help you. If you're a swing trader, no it wouldn't really help.
So how do you buy what they are selling? Or is this just to show you what's happening in the market.
Oh i see now. I had my tab set to Market so of course these limit orders wouldn't change the buy tab amount when I clicked on them
Glad to hear you got it worked out
What does the color red and green in the market history on the right mean?
Those are the buy or sell orders that were executed. Essentially it's the trade history.
@@cryptoforcanadians I
A sell order was executed so it is red, but it could be green to as some bought it with an buy order.
No because these are executed trades on the order book. The colour would remain the same regardless.
So. If buyers are more than sellers with more money are put to buy the token. Does that mean the price will go up? Or will go down since buyers are buying in lower price than sellers asking?
If there are more buyers with more money, most likely prices will go up. That demand is driving prices up.
Thanks for the video. But 1 thing I don't really understand that How to calculate the length of "green bar/red bar" (buy wall/sell wall) on order book? Thank you!
Just look at the side as it’ll tell you the number of coins. The bottom is the price the order is at.
@@cryptoforcanadians Yes, I know it depend on the Total of each order. But I still don't know how can we can determine the length of this bar? I mean the specific number, do you know that? Sorry for many asking :D
Not sure how else to explain it but its a graph. You use the x and y axis to help you read the data…
Thx for the explanation!
Glad you enjoyed it!
For sure its so confusing when using BItcoin or Etheruem to buy other Crypto because it doesnt show USD value. Any tips?
Maybe this video can help? ruclips.net/video/GsikgOOSLTE/видео.html
Well Explained
Thanks I appreciate it!
Do market depth effect the price? Ex if the price is at 40 dollar with bid 3 million shares at 37 dollar , will price go down till bid order and then go up?
No the order book/depth shows you what the orders look like. That way you can see where the buy/sell walls are.
@@cryptoforcanadians but u r buying large share at a certain price ( bid order) which is volume , doesn’t that effect the price at all?
@@borankinik6839 Yes it definitely can spook buyers and so it can start a bid war and drive the price up
whats the price in the middle mean?
Market price of a single coin.
Thank you 🤙
Glad you enjoyed the video!
Is the order book people who use stop loss and limit sell because otherwise who puts these deals onto this book I dont understand...nd r the buyers on the book people who buy off normal market or is there something separate
Whenever you make a limit order, that order goes on to the order book, it's automatic. It's not separate.
do you know how to save a added indicator layout?
You can't on Binance...only on Tradingview
@@cryptoforcanadians do you know if i can use CANADIAN dollars as the trading platform? i mean i know i can deposit can dollars but does it have to be converted to US Dollars?
@@sarahheyer6926 I don't think you can. You'd have to use a Canadian exchange in order to do so. The Canadian exchanges are slim pickings though haha.
I always thought "buy orders" are priced under the market price (drops the price) and "sell orders" are above the market price (increases the price)
Buy orders are below market and sell orders are above market price.
@@cryptoforcanadians you just said the same thing he said lol
yes, they are. That means buyers are willing to buy lower than where it is and sellers are willing to sell higher.
If one or both of them change to meet each other, they can make a deal.
@@Gen_66 Just reaffirming what was said.
thankyou
Thanks!
Hi Thanks for the vid :) can you tell something about putting an buy order after reading this orderbook? Not sure how to determine that based on all the info. I am a bit confused. I mean for buyers to buy for the lower price the price must come down, but when there is more demand its bullish so it will not come down, how does that work?
Price is always the equilibrium of supply and demand. Price will go down or up to the price based on what buyers and sellers are willing to accept.
@@cryptoforcanadians Yes, that i understand, but that's not an answer to my question :).
@@88roos Then ask it in another way as I don't understand your question
@@cryptoforcanadians ok i will try. I want to know how to USE the information i can read in the orderbook to set an buy order. Where is the best place to put it if we take your video as our scenario? I get that there are more buyers so price probably will go up because there is more demand, but where should i put my buy order? at which price?
I am a beginner so excuse me if this is a very basic question. Thanks a lot for your responses btw its very much appreciated
Good job bro 😍
Thanks!
Soo basically when there's a lot of buyers and prices are increasing eventually it will cause a sell off ?
Not true. A sell off is when there are more people wanting to sell than buy. No one knows when that will happen for sure. You can use indicators to help but there's no guarantee.
@@cryptoforcanadians no guarantee it will cause a sell off correct ? But it also can ?
@@alexandersandino1988 no one knows for sure....all probabilities. Yes it CAN but anything's possible.
is there a VAP. volume at price tool?
No, but trading view has it. You'll need a paid subscription for that though.
@@cryptoforcanadians OK, thanks for getting back
Sure, no problem
Onde more thing. The order book they offer . Does it have all offers from all brokers? Or just from that broker?
@@Eric-nb7vg Not sure
Thanks
Welcome!
Thank you for this! So helpful!
I wonder if market orders always buy from limit orders? What does trade results show? Are they market order results or limit order results? Trade happens when buy and sell demands match so I wonder what does trade result show.
Market orders always buy from limit orders. That's called market taking. Putting a limit order is market making.
Thank you!!
@@shintanishino720 Sure thing!
Where it says 0.01, 0.1, 1, 10, 50, 100... What does this represent? I'm guessing page number on the order book?
Not sure where you're referring to. Do you have a time stamp?
@@cryptoforcanadians it's at the top right of the actual order book. You can click on it and change it from 0.01 to 0.1 and so forth
@@stickemuppunkitsthefunlovi4733 I'm still not sure what you're referring to. If you take a screenshot and share the image here I can better explain.
@@cryptoforcanadians over the bid/ask window, there sits a dropdown with 0.0001
I've seen it on Binance and cannot understand what it filters or why
Hi! Could sb help me why my scroll doesn't work on this chart? I cannot zoom in or out unfortunately. Or at least at present I don't know how.
And an another question is why are the crosshairs moves the same time?
Not sure why you can't scroll in or out...as you can see in the video I didn't have any issues with it. The crosshairs move just as a cursor would....
@@cryptoforcanadians Me neither. The crosshair question pointed on why are they moving at the same time? Wha tis the reason, and what and how can I compare or calculate by that? :)
Sorry I can't help as I've never experienced this issue before.
@@cryptoforcanadiansYou still haven't got the second question, but...well... Thank you for your answer!
@@Curiassier I'm not sure what you're asking....
If I'm not Canadian can I still watch this video?
Of course.
Is binance any good?
Absolutely. I love using them. If you're interested in using them as well, here's a link where you can save 10% on your trading fees: www.binance.com/en/register?ref=PWWHQ2RY
hello dear I'm still struggling how read the order book correctly..can you help
Learning to read the order book takes a lot of practice.
Esas son órdenes límite cierto? Las órdenes a mercado no aparecen
Si.
How to delete it ?
Delete what?
"how much they're willing..." So, these aren't actual orders taking place?
They're orders but they haven't been taken yet.
I'm not a Canadian, therefore I will show myself outside 😔
You don't have to be Canadian to understand the order book
Best video on order books. I been watching a bunch of shitty ones. It seems to be a confusion on how to even do a video presentation that gets in the way of explaining something in shorty simplicity. "What the fuck does this do and is there an example of how it's effective in trading". End video.
Thanks for the positive feedback! I'm glad that the video helped you out!
Bolsa para Dummies me trajo aquí
I don't understand.
@@cryptoforcanadians "Bags for Dummies brought me here"
Funds are safu
Haha yep they are indeed
🙏🏻
Glad you enjoy the content!
Very helpful sir..now sub u channel
Thanks for the sub and welcome!
Rip binance in Ontario
Yeah seriously...so angry about that.
Bro, there can never be more buyers than sellers. Who they gonna buy from?
Price is always the equilibrium between supply (sellers) and demand (buyers). That's the reason why prices of things go up, there are more buyers than sellers.
send me some crypto : bro..
lol bro
Having a hard time listening cos u stutter. Its kinda annoying
Sure, thanks.
I'm trying to learn orderbook. Is it as simple as this guy is explaining -> ruclips.net/video/n54PtoK9r8M/видео.html. I just want to see more buyers than sellers and vice versa. What's with all the flashing numbers that the eye can't catch?
The order book is basically a list of both buy and sell orders that people have at certain prices at for certain amounts. That's all that it is. It's dynamic and changes all the time.
@@cryptoforcanadians who has the best orderbook?
Binance has the most liquidity among all crypto exchanges.
love this video Thank you 🤗🤗🤗🤗
Sure thing! My pleasure. Glad you enjoyed the video!
Thank you!
You're welcome!