Question about this chart

[torba]

I think this chart shows buy/sell orders right?
If it does, how come putting down a buy order below current price means an almost instant buy? How is this graph getting people's plans?

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[Foxpup]

I think this chart shows buy/sell orders right?

Right.

If it does, how come putting down a buy order below current price means an almost instant buy?

Because as long as your price isn't too low, your order will likely be matched by the next person to sell "at market"; eg, if there's already a bid order for BTC2 @ $96, and you place an order for BTC3 @ $95, all it takes is for one person to sell at least BTC5 at market for you to get your coins. The only way this won't happen is if a lot of other buyers outbid you before that happens, or if there are no sellers.

How is this graph getting people's plans?

It's not. It only shows current limit orders. Market orders and future limit orders obviously cannot be predicted, and therefore are not shown.

[tobobit]

and some orders are false/fake.
they will be pulled once they start being tested/bought/sold into.

[Decagrog]

and some orders are false/fake.
they will be pulled once they start being tested/bought/sold into.

Yeah, that sell wall @ 90 was from yesterday and it's still here today but it's probabily a fake because it almost halved for a short time

[alinsaviuc]

It shows the depth of the market. The bids and the asks. Anderson they meet in the middle.

[Uchmanpj]

and some orders are false/fake.
they will be pulled once they start being tested/bought/sold into.

It's funny to see stuff like that here. I'm a finance student at Wharton and everyone knows that this one of the many tactics the big boys on Wall Street use to manipulate the markets...