So does a steeper incline mean more bids/asks?
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...
You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall.
It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine...
When both sides deepen as they have recently, it usually means there's a fight brewing.
I mean for those who are more bullish than bearish.
