As a trading newbie i dont understand at all!
Looking at the wall image a couple of posts back, it seems like there is a vertical line to the right... that suggests to me that it would be hard for the price to move up.
The line to the left is way less steep... doesn't that mean it is easier for the price to drop?
How are you supposed to read these images?? Why do you all think the price is about to go up? What are you looking at??
the walls are showing all the bids and asks, for a given price range
study that chart with this in mind and you should be able to see it.
anyway, the chart is misleading.
allot of people dont place bids and just BUY, same is true for asks.
I think another aspect of this is that some people with bids at a lower price may see the price start to rise, change their mind, and buy straight back in, or vice versa. Just ask Spaceman_Spiff
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