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(BTC $8000!) How to Use the Order Book While Trading Cryptocurrencies

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Free Ultimate Guide: https://cryptocoinmastery.com/free-cryptocurrency-training-yt/ Facebook Group: https://www.facebook.com/groups/CryptoCoinMastery/ Picking entrance and exit points is one of the most difficult things to do as a trader. Cryptocurrencies fluctuate every second and it can be difficult to predict the best support and resistance levels. In an ideal world, you are going to want to buy a coin at the support level. Let the coin bounce up near the resistance, and then sell the coin for a nice gain. The issue is that sometimes the lines that you draw for resistance levels are not accurate enough. If you draw a line that is too high, you end up missing your gain because the coin’s price falls before it hits your sell order. If you draw the line too low, you end up missing out on a part of your gain because the coin ends up going higher than your sell order. Using the order book is one of the best ways to find the exact levels of support and resistance. Additionally, it can be used when there are no support and resistance lines visible. The order book is a visual representation of all of the orders that are being made for a specific coin. In this video, I use Bitcoin as an example. The green part of the order book shows all of the bids and the red part shows all of the asks. A bid is a buy order at a specific price lower than the market price (it does not technically have to be lower but it should be). An ask is a sell order at a specific price higher than the market price. Using the visualization of the order book, it is possible to spot buy and sell “walls”. These walls are areas where a large amount of money is trying to be used to buy or sell at that price. For example, Bitcoin currently has a large sell wall at 8100 USDT. With this in mind, it is reasonable to believe that the resistance is near 8100 USDT. As a trader, you are going to want to place your sell order below that price so that you are able to capture the gain you are looking for. On the flip side, a buy wall is going to show you where the support levels are. In this video, Bitcoin has a trading zone between 7950 USDT and 8100 USDT. This zone was created by simply using the order book. The order book is powerful and can be used to perfect your trading strategy. https://cryptocoinmastery.com/use-order-book-trading-cryptocurrencies/
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Text Comments (41)
apostle100 (4 months ago)
Wow. Well this video is a gem. Something I've been seeing and never ever paid attention to just gave me an epiphany.
chris moody tile (4 months ago)
I had an aha! Moment watching this video. you explained the order book in a way that clicked for me, thank you!
Kingy B (4 months ago)
Nice work on the video. I also use Bittrex and have been using this same strategy to pull a solid 15-35% daily using this very same method. I never could make consistent gains until i had watched a video on the market depth chart. Once you learn when and where to ( Get In ) and where to ( Get Out ) nearly every trade will become a winner.. Great video on the subject. You learn this tactic the money will consistently roll in. and easily too! Make sure you are also trading High-Volume pairs also, or you'll get stuck in bad trades..
AnynkaM (5 months ago)
The last 2 months, I have made over $80,000 from trading bitcoin but my success never started that way as I had made substantial losses before my turning point in the Crypto space. I bought 2Btc last year which quickly rose in the bull run but eventually lost most of it and sold off what was left. That was the last I would ever have to do with bitcoins until I was introduced to Brandon Gaston first of, he asked to know my trade experience. He then gave me a quick insight on what to look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system, trading has become easy and profitable and I just want to spread the word and thereby help as many that are in my previous unfortunate situation. For all questions, you can reach out for his help on *([email protected] Com)*
Rick White (5 months ago)
Excellent video. Another piece to the puzzle. Very helpful. I've liked and subscribed for that.
Daniel González Martín (6 months ago)
This is the best explanation I have heard of this great mystery that I have always wanted to know! Incredible!
dee nixon (8 months ago)
great explanation!
Chris Ellis (8 months ago)
Very useful information! I think this would be great when paired with the Spectro Indicator. I’m doing well so far. You might want to check it out.
Alberto Chang (11 months ago)
Can you see the order book with coinbase?
The Bull Hedge (1 year ago)
does using this strategy work on a bigger time frame such as the 1h, 3hr, or 4hr?
rmagcastro (1 year ago)
Great video! Thank you very much!
Stefan Onderdelinden (1 year ago)
Thank you, this was good
John Erick Reyes (1 year ago)
tnx bro hope you make lots of video
Travel-Nomad (1 year ago)
Checked few videos about this and this one explains the best, thank you!
Tim Piele (1 year ago)
You got your X-axis and Y-axis mixed up. X is horizontal, Y is vertical
mazhar malik (1 year ago)
I think the best ICO to invest in is Gig9, nice team, real world project
Crypto BR (1 year ago)
Tell also the noobs that these walls are extremely manipulated to fake you out.
Ryan Rhoades (1 year ago)
I finally get it! Thank you. Great job teaching this concept. Subscribed!
Rafick Hoosain (1 year ago)
Thank you, very insightful especially for a newbie in trading like me!
Not’cho Chip (1 year ago)
So is this basically like a L2 in an traditional trading account
j bloggs (1 year ago)
Best explanation of order books, and I´ve been through about 50, thank you.
Mayda Ladicani (1 year ago)
Thank you for this video...
NupeAtl (1 year ago)
This was the best explanation I've seen for newbies.
Daniel Lopez (1 year ago)
saludos desde venezuela, muy buena tu explicacion, muchas gracias ...un nuevo seguidor----
Rob Smith (1 year ago)
Probably the most concise vid on this topic, nice one!
I understand (1 year ago)
Great - very well explained.
Lorraine van Raders (1 year ago)
Thanks - that was great.... but what about the false walls the whales keep dropping in?
Buivan Le (1 year ago)
Tool View Multiple Cryptocurrency Charts On One Screen http://multichart.tradecointools.com/
D H (1 year ago)
out of the 1000 of videos on youtube about order book.. you explained it the best ! thank you
Barbara Barreto (1 year ago)
Great video, thanks
Crypto First Timer (1 year ago)
Very helpful finally I had a Eureka! moment lol.
Daniel Lopez (1 year ago)
me too jajaja
Boris B (1 year ago)
Pro presentation. Pleasure to watch.
Cesar Cervantes (1 year ago)
still do not understand. any help or helpful links?
Go Yourownway (1 year ago)
Quick, clear, and to the point. Thanks
Ali Khalife (1 year ago)
Great video, it is of help.
Eric Thompson (1 year ago)
That was an excellent explanation of the order book. much appreciated
Colette McDonald (1 year ago)
Excellent! well done, Earlier today i made my first 3 sell orders, just based on 5 % higher. Now I just learned some very valuable information. Many thanks. I will now go review my orders
CryptoCoin Mastery (1 year ago)
Glad that it was helpful!
A C (1 year ago)
great work pls more video like this, thanks
Kevin crypto (1 year ago)
thank you , it was helpful , please make more videos about trading

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