How to read the order book

[MaxForex]

Hey guys,

I am new to crypto trading (3 weeks now) and I have a question about the exchange market.
For trading in the 5-15min range I sometimes check the depth chart and order book to see what's going on in real-time.

I made this snapshot just now and found it quite odd. I was really wondering what exactly is going on.

https://imgur.com/a/1DRRC

On it you can see the endless buy orders at 0.001 BTC. I understand that is the minimum requirement for an order. However what I want to know is how to interpret these gaps in the sell and buy orders, are they indicating something e.g. that when a wall is broken it will immediately drop/rise to the nearest point where actual orders are placed and how to work your way around this.

Any kind of advice on this specific subject is very much apreciated.

[BitcoinHodler]

you can't really interpret this particular situation that you have in your picture.
i don't really have any logical explanation about why these orders like this exist. maybe some bot is placing them like those weird ping pong (or something like ping pong) trading strategy bots!
but one thing i can tell you is that this is nothing when price wants to move in that direction. i mean your picture shows 24 of these orders and they come to a total of 0.024BTC... that's nothing compared to the volume that goes around. if someone simply dumps 0.03BTC=258 EUR in this, price goes right past it in a blinking of an eye.
secondly the price difference is nothing. it goes from 8601.93 EUR to 8601.70 EUR that is 0.002% change!

the best way to look at this order book is to zoom in so that it shows all these small orders in one place instead of spreading them like this.

[zokilnmet]

Say you are an investor and want to buy 1,000 ONIONs. In the given example, you would be able to buy your first 216 ONIONs  12.984 sat. From there on, it gets more expensive. You would have to buy a large part of the existing sell orders and by doing that, you would reduce supply at these price levels and drive up the lowest price in the sell orders accordingly. The same applies in the buy order book. If someone dumps a large number of ONIONs, the market price corrects downwards.

[mrbnson]

The graph you posted is really strange and not something I've ever come across. From it we can see that the buy side is very thin and there's a decent wall of sells at 8600 and then after that it it also quite thin. My expectation if I saw this would be that the price was going to fall because of the resistance and the thin buy side.