BNC insights feed
Trading like the flash boys: Reading order flow
With crypto markets primarily driven by technical analysis and the abundance of charting software available, the order book can easily be overlooked as a powerful tool for gauging the probabilities of market direction. Reading buy and sell demand on the book is called ‘order flow’ which can help day traders scalping the market to improve on entries, and, in a market notorious for fake volumes, it can help all types of traders identify spoof orders.
