Take Unbiased Trading Decisions with Exchanges Order-book Data

Bitcurate
4 min readSep 18, 2020

What if you can get the ‘real-time order-book updates’ of your favorite cryptocurrencies from different exchanges around the world into a single dashboard?

Whenever we trade cryptocurrency we always ask ourselves, “What will we gain from this?”. We know that it is inconvenient to have multiple accounts in different exchanges, visiting these exchanges, and getting real-time data on order-books.

An order book is a register of all orders being placed for a specific asset on a specific exchange. It helps market participants understand the market trends and dynamics over time.

Now you can easily understand whether the whole crypto market is buying or selling the specific coin and what is the current market trend! You can easily check the list of pending orders that people are putting on a particular exchange or a specific asset.

If the order quantity on the buy-side is significantly larger than that of the sell side, especially on the best bid/ask price level, it suggests stronger momentum from the buy-side, and that the asset price is likely to rise. Similarly, if the order quantity on the sell-side is significantly larger, it suggests stronger momentum from the sell-side.

Get the data-driven decision and also make your analysis, predict the next movements on an asset’s price and most importantly place your orders at the right time so that you can maximize the value of your trade.

Currently, we are analyzing Binance, Bitfinex, Bitstamp, CoinbasePro, Huobi, Poloniex exchanges to provide real-time Orderbook Depth, Orderbook Flow, Price Walls for specific coin such as Bitcoin orderbook, Ethereum orderbook, etc.

Orderbook Depth: Orderbook Depth is a real-time crypto order book aggregator from specific exchanges. This chart shows the order-book data of the assets and helps you to understand that more people are interested to buy/sell the asset. You can also understand the prices placed by the traders. So, understanding the order book depth is one click away now!

Orderbook Flow: Orderbook flow is a simple chart that shows the data in percentage of how much traders are interested in buying and selling. The chart below shows that on Binance exchange for BTC/USDT trading pair, 61% of people have put sell orders. So, the status is ‘Buy’. Depending on the buy/sell percentage this chart shows Buy, Sell, Neutral, Strong Buy, and Strong Sell status.

Price Walls: Price walls are the biggest buy/sell orders of the exchanges. This chart below explains that on Binance there is a pending 44.39 BTC sell order for $10260 and 52.27 BTC buy order at $10180.

So, What are you waiting for? Take unbiased trading decisions with crypto order-book data and gain your unfair advantage, today — https://analytics.bitcurate.com/orderbooks

At this current stage, we are just providing BTC and ETH order book analysis. Let us know which cryptocurrency we should add next by joining our Telegram community.

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IMPORTANT NOTES

  • We believe that big decisions need to be guided by unbiased, proven and reliable insights. Our team of technologists, data scientists, and quant finance uses machine intelligence.
  • Data science model to breakdown complex and asymmetrical information globally, removing noise and generating alpha giving you that unfair advantage, today.

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Bitcurate

Bitcurate is predictive data analytics for crypto that help better decision making through data-driven insights powered by AI and sentiment analysis.