Since the last time I left a message here, I've noticed that the bid or ask has reached 4 digits. When I saw the equal high, I felt that the liquidity should be removed, and I mistakenly and stubbornly thought the price should be seen as rising.
I have a very strong feeling about the bid or ask exceeding 4 digits, a kind of "when you see it you cannot unsee it" feeling.
For example, on October 9th, at 10:25 am, the 5-minute candle was at 5810-5810.25, and its ask was 1396. The next 5-minute candle, at 10:30 am, was at the same price level, but its ask was 3330. The price then quickly broke through upwards.
I'm not too clear on what these imbalances, especially those above 4 digits, can represent, because my knowledge in this area is very poor. But I still feel that there are some big players "doing something." It's just another matter how to interpret and use it.
In the story of "Blind men and an elephant," I'm like those blind men, thinking I've touched a part of the elephant (like now observing some phenomena of the big players), and trying to say that this is the whole elephant (like forcibly explaining these numbers).
So, I still need to humbly observe the charts and price levels drawn by SMASH, and slowly observe the market and accumulate experience.
Thanks! HAGW Smash!
Many thanks
Since the last time I left a message here, I've noticed that the bid or ask has reached 4 digits. When I saw the equal high, I felt that the liquidity should be removed, and I mistakenly and stubbornly thought the price should be seen as rising.
I have a very strong feeling about the bid or ask exceeding 4 digits, a kind of "when you see it you cannot unsee it" feeling.
For example, on October 9th, at 10:25 am, the 5-minute candle was at 5810-5810.25, and its ask was 1396. The next 5-minute candle, at 10:30 am, was at the same price level, but its ask was 3330. The price then quickly broke through upwards.
I'm not too clear on what these imbalances, especially those above 4 digits, can represent, because my knowledge in this area is very poor. But I still feel that there are some big players "doing something." It's just another matter how to interpret and use it.
In the story of "Blind men and an elephant," I'm like those blind men, thinking I've touched a part of the elephant (like now observing some phenomena of the big players), and trying to say that this is the whole elephant (like forcibly explaining these numbers).
So, I still need to humbly observe the charts and price levels drawn by SMASH, and slowly observe the market and accumulate experience.
Fantastic. Thank you