you can use rsi too...
ove 80 market sentiment is elated
under 20 is oversold...
Topic: When does market depth become a reliable indicator of market intention? (Read 1023 times)
November 11, 2014, 05:45:47 AM
November 11, 2014, 04:41:33 AM
We can call it market sentiment. Some indications could be used, such as trading volume, and the one you suggested.
November 10, 2014, 11:25:03 AM
I have seen how some people gauge the market intention by looking at the market depth on exchanges. However at what zoom level does this become reliable. By zoom level I mean the price distance away from the last price. Right now on Bitstamp at +$10 and -$10, the asks are more than the bids. At $+50 and -$50, the bids are more than the asks.
From this how do we know what the overall market feeling is?
From this how do we know what the overall market feeling is?
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