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BTCC / Hashtag / binance depth chart explained
#pump token price analysis #bitcoin #buildon coin
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BNB +1.53% 608.98 BSC +0.00% 0.0007566 BNB +0.86% 0.00002737

What is a depth chart?

Depth charts are something to essentially show the supply and demand at different prices. A depth chart for a bid/ask market has two lines, one for BIDs (BUY orders) and one for ASKs (SELL orders). GDAX live chart has an Green line for BIDs (BUY orders), a Red line for ASKs (SELL orders). Again, a line on a chart is simply made up by plotting dots.

How to use Binance Dex?

Once unlocking your wallet, you will be on the trading interface of the Binance DEX. In the center of the interface is a TradingView chart. The chart allows you to display indicators such as the RSI, moving average, Bollinger Bands and many more. The chart also allows you to draw on the chart using the tools within the TradingView charts.

How to visualize distributions on Binance?

We can visualize these distributions by using a density plot. Here’s the density plot for BNB/USDT, the #1 traded pair on Binance, compared to ZRX/BTC, the #50 most traded pair on Binance. The area under the curve of a density function represents the probability of getting a value between a range of x values.

What does the dot on a depth chart mean?

Each dot on a depth chart line represents how much can be traded at that point. BIDs (BUY orders) are placed with dollars. I might enter that I want to buy 2.0 BTC at $3300 each, but really that is a total bid size of $6600 USD for trade at $3300 or lower.

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