About Bitcoin. Bitcoin price today is $23, USD with a hour trading volume of $45,,, USD. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. The value axis for the cumulative depth chart is on the left, enumerated in [BTC]. About these bars going up and down (if there are any at the moment). They show market depth changes over the last 10 minutes. The value axis for them is on the right [BTC]. Bars on the left of the current price are bid offer changes, and on the right ask offer. Aug 13, · Each dot on the depth chart shows how much you can trade at a given point. Bid orders are placed using dollars. For example, you might want to purchase two bitcoin at $9, each. This means that the total size of your bid is $19, for a trade that comes in at $9, or less.
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By continuing to use Live Coin Watch you agree to our cookies policy. Past Year of Developer Activity All repos. About BTC. Currency USD. Previous Price Charts Social About All. Swap here! Trade Now eToro. Binance Binance. These are the bid and ask lines. More often than not, an exchange will show bid orders, or buy orders, as a green line and the ask orders, or sell orders, as a red one.
The lines on the chart are created through the use of plotting dots. Each dot on the depth chart shows how much you can trade at a given point. Bid orders are placed using dollars. On the other hand, your ask orders are done through bitcoin. You enter how many bitcoin you want to sell at a given price. To plot out the green line, or the bids, you place a dot on the horizontal access at every point.
Tally the bids at each price point or below and place a dot representing that number on the vertical axis. This represents the total dollar amount at that level. This shows in terms of bitcoin, but it is moved out so that values correspond to the USD totals on the left. This means that you can place your cursor at any point on the Bids line and know how much you could potentially sell at a given price.
You can do the same on the Asks line. Put your cursor anywhere and know precisely how many bitcoin you can buy at a given price. This is just the tip of the iceberg in regards to buying, selling, and trading bitcoin and other digital currencies.