๐ Do you want to see the market as whales see it?
๐ The depth chart is a secret weapon for the smart trader โ and most beginners don't use it!
โฌ๏ธ Here's a quick and easy guide to understand and use it to predict reversals before everyone else:
๐น Step 1: What is 'Depth Chart'?
โ Simply put: it is a live visual representation of buy and sell orders in the market.
๐ข Green area = Buying pressure (Support)
๐ด Red area = Selling pressure (Resistance)
โจ Gives you an instant glimpse of the bull ๐ and bear ๐ป battle in the market.
๐น Step 2: Where to find it in #Binance ?
๐ฑ The method:
Choose any currency pair (e.g., BTC/USDT)
Click on the 'Depth' option at the top of the chart
Buying curves (Green) and selling (Red) will appear directly
โก Fast โ Easy โ Crucial!
๐น Step 3: How to read market 'Walls'?
๐งฑ Walls = massive order blocks that affect the direction:
๐ Large buy wall = Potential strong support
โค๏ธ Large sell wall = Incoming fierce resistance
๐ก Whales often set it to determine the directionโฆ or to deceive you ๐
๐น Step 4: Beware of fake walls!
๐จ Not every wall is real!
โ Show up suddenly and disappear? โ Fake for manipulation
โ
Stay and grow slowly? โ Often serious and influential
๐ Watch the frequency, volume, and speed of change to uncover the truth.
๐น Step 5: Connect the depth with the chart
๐ฏ Best way to benefit:
Identify support/resistance areas on the chart
Compare them with the depth chart
If they match โ High probability of a bounce! ๐
๐ช Combining classic analysis with depth = a lethal weapon!
๐งพ Additional information: Don't forget the order book
From the same screen, click on 'Order Book'
Watch for large accumulated orders โ often behind them are the whales!
๐ฒ Try it now!
Open any active currency, run the depth chart, watch the walls, and analyze the market with the eyes of whales! ๐
