Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines?
I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right? If there's a huge bid (buying) wall, the price shouldn't move down too much either?
Should the charts be mirroring each other ideally?
Otherwise if the orange line is flat, all the lower priced orders could be bought up sold into so the price crashes?
Different opinions on walls, but you have the right idea. Correction to your terminology, when the bids are thin, they are sold into, crashing the price. When the asks are thin, they are bought up quicker (rally).
That's what usually happens in my opinion, so I like trading based on depth (bid depth vs ask depth). Others think its better to ignore, because they are sometimes manipulation attempts ("fake" walls that get removed).
