Bitcoincharts provides real-time USD price data of the BitStamp exchange including charts, orderbook and more. 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. Bitcoincharts provides real-time BTC price data of the Coinnest exchange including charts, orderbook and more.
Btc market depthBitcoin Trading: How to Read a Crypto Depth Chart - Bitcoin Market Journal
Here is a quick summary to help. 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. Depth charts is one of those which can let you know about Demand and Supply. It gives a visualization of demand or supply of a particular stock or commodity or a cryptocurrency. You probably already know the relationship between supply and demand.
Depth charts are something to essentially show the supply and demand at different prices. Again, a line on a chart is simply made up by plotting dots. Each dot on a depth chart line represents how much can be traded at that point. I might enter that I want to buy 2. I would enter that I want to sell 3. Now the charts are cumulative. So if Alice bids 2. So to plot the BIDs Green line , at every increment along the horizontal axis at the bottom of the chart representing each price point, e.