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RE: A thread from our slack chatroom

in #trading7 years ago

Hi Luc. Really enjoying your educational video series and all the info you putting out there for community. Thank you so much! I have watched all of your videos in 2 days which was fun to do.

Recently I have tried to use Crypto market scanner for small account build up (which is an amazing tool). However, I have noticed that most of the alerts for trades (on HITBTC) that are down more than 20% look like this:

https://www.coinigy.com/s/i/59b5630fa5d47/

https://imgur.com/a/5UvRw

I have also noticed that there is only 1 BID price and a lot of ASK prices in Level 2 Data, which I also don't quite understand.

Any suggestions what is it about and how to trade it? Like, it looks very predictable (up and down by the exactly same percentage), but I am like most of us here newbie and never seen charts like this before.

Any advice at all would be appreciated.

Again, thanks a ton for all your input.

D