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Title: When does market depth become a reliable indicator of market intention? Post by: cafucafucafu on November 10, 2014, 03:25:03 PM I have seen how some people gauge the market intention by looking at the market depth on exchanges. However at what zoom level does this become reliable. By zoom level I mean the price distance away from the last price. Right now on Bitstamp at +$10 and -$10, the asks are more than the bids. At $+50 and -$50, the bids are more than the asks.
From this how do we know what the overall market feeling is? Title: Re: When does market depth become a reliable indicator of market intention? Post by: H.W.Z on November 11, 2014, 08:41:33 AM We can call it market sentiment. Some indications could be used, such as trading volume, and the one you suggested.
Title: Re: When does market depth become a reliable indicator of market intention? Post by: fastBeast on November 11, 2014, 09:45:47 AM you can use rsi too...
ove 80 market sentiment is elated under 20 is oversold... |