$BTC Orderbook 101
* Big bid gets filled *
When long: "Huge selling absorbed. Pump it"
When short: "Sellers stepping in aggressively. Nuke it"
* Big sell gets filled *
When short: "Huge buying absorbed. Nuke it"
When long: "Buyers stepping in aggressively. Pump it"
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One thing is for sure, when I'm long and big sell gets filled, 9/10 times I exit
In my experience, assuming the limit orders (walls) hold more precedence than the market orders that fill them works well more often than not. Ofc, need to consider a multitude of other factors (OI, time period of wall, approach to it, etc.)
