Bitcoin Forum

Economy => Trading Discussion => Topic started by: iarkusha on January 31, 2018, 07:22:48 PM



Title: What does the vertical axis means?
Post by: iarkusha on January 31, 2018, 07:22:48 PM
Could please somebody to explain to me what does the vertical axis means on the market depth?

What is it and in what units?


Image attached.

https://i.imgur.com/LeXpK61.png


Title: Re: What does the vertical axis means?
Post by: iarkusha on January 31, 2018, 07:30:45 PM
I understand that horizontal it's a price, but what about vertical??


Title: Re: What does the vertical axis means?
Post by: fonenumba on February 01, 2018, 01:13:38 AM
hemmm

i think its amount of this price orders

like 056 price have 50 orders inside one price and etc

whats u think ? i think this is one .

may be iam mistaken :(


Title: Re: What does the vertical axis means?
Post by: chris200x9 on February 01, 2018, 01:56:00 AM
hemmm

i think its amount of this price orders

like 056 price have 50 orders inside one price and etc

whats u think ? i think this is one .

may be iam mistaken :(

If I'm not wrong vertical column shows the volume of buy and sell orders quantity.

In the attached image sell order quantity is more than a buy order quantity that means the price of that coin may go down if the sell order stays like that for more time.


Title: Re: What does the vertical axis means?
Post by: icons6 on February 01, 2018, 02:21:57 PM
Vertical axis is a coordinate system in which the coordinates of a point are its distance from a set of perpendicular lines that intersected at an origin such as two lines in a plane or three in space.