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RE: Im going to be away for the weekend

in #trading7 years ago

Tough question.. I have found that in order to read level 2 acurately and gauge the market direction, you need an even to have just happened.. you need context.. In a normal enviroment, the bid and ask will get heavy on one side or the other and it will mean nothing.. it will just keep thickening and thining and the price barely moves.. but lets say for instance a coin drops 30% very fast.. and then the big gets thick.. well no that signifies that there is a bounce developing.. you see.. you need context to be able to read level 2