What are the steps to see the depth chart in BitMEX?
Chikwado PromiseDec 15, 2021 · 3 years ago3 answers
Can you please provide a detailed explanation of the steps required to view the depth chart in BitMEX? I'm new to the platform and would like to understand how to access this important trading tool.
3 answers
- Dec 15, 2021 · 3 years agoSure! To see the depth chart in BitMEX, follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the trading interface. 3. Look for the 'Depth Chart' tab, usually located next to the 'Price Chart' tab. 4. Click on the 'Depth Chart' tab to open it. 5. You should now see the depth chart, which displays the buy and sell orders at different price levels. It's important to note that the depth chart provides valuable information about market liquidity and order book dynamics. By analyzing the depth chart, traders can gain insights into potential support and resistance levels, as well as identify areas of high buying or selling pressure.
- Dec 15, 2021 · 3 years agoNo problem! Here's a step-by-step guide to accessing the depth chart in BitMEX: 1. Log in to your BitMEX account using your credentials. 2. Once logged in, you'll be directed to the trading dashboard. 3. Locate the 'Depth Chart' tab, usually positioned alongside other charting options. 4. Click on the 'Depth Chart' tab to open it. 5. Voila! You should now have the depth chart displayed on your screen. The depth chart is a powerful tool that visualizes the supply and demand levels in the market. It can help you identify potential price levels where buyers or sellers are concentrated, allowing you to make more informed trading decisions.
- Dec 15, 2021 · 3 years agoCertainly! Here's how you can view the depth chart in BitMEX: 1. Log in to your BitMEX account. 2. Once logged in, navigate to the trading interface. 3. Look for the 'Depth Chart' option, usually located in the charting section. 4. Click on the 'Depth Chart' option. 5. You'll now be able to see the depth chart, which provides a visual representation of the buy and sell orders at different price levels. Please note that the depth chart is a valuable tool for understanding market liquidity and order book dynamics. It can help you identify potential areas of support or resistance, as well as gauge the overall market sentiment.
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