1
Cryptocurrency Trading / Re: Good competition from the new exchange, which is on coinmarketcap
« on: May 21, 2020, 12:39:24 PM »Who understands, explain. When a major player sells, for example, the price drops, but after all exactly the same amount someone buys, why does this not affect the price in the opposite direction?
Let's say a major player placed an order to sell at 9,500 thousand. There are no counter orders in this quantity at the same price, but there are lower ones. 50 to 9400, 100 to 9000 and so on. The price drops until this order is completely absorbed. Something like this, in short
Because buy orders are not placed equally. For example (conditionally), someone wants to sell 1000 at a time when the chart shows a price of 10,000. But there are only 3 buyers: one put a buy order at 10,000, the second at 8,000, and the third wants to buy at 4000. As soon as the first one buys for all the money, the chart will immediately fly to 8000, then to 4000.