RE: BTC hits $3,500!!! lets go over some charts, and discuss Simple & Safe trading

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BTC hits $3,500!!! lets go over some charts, and discuss Simple & Safe trading

in trading •  7 years ago 

Hey man how's it going? Thanks for all your videos... i've been a silent grateful follower and i believe there are a ton more out there, that don't have a steem account. I just wanted to ask you what do that red and green bars on the Ask/Bid Data on coinigy mean... i've searched everywere and tried to figure it out but nothing till now... Thanks again for all your help!

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it looks like those red and green bars in the background of level 2 are a display of the cumulitive volume of the bid or ask.. So each level appears to be an addition of every earlier level.. I guess this is coinigys version of market depth. I dont really think this is useful information. Its not like the typical market profile that you might get on other charting services even tho it kinda looks like market profile because its to the right of the chart.