Rise Coin - Bittrex Order Book Analysis

I've been taking a little of my time to throw some technical analysis at the new crypto currencies. Though these currencies are incredibly volatile, there are still some techniques that you can use to ''decrypt'' the mayhem.

Read on to: LEARN HOW TO READ THE BITTREX ORDER BOOK.

PART 1:

First of all, RISE is being pumped hard by some crypto communities. Add to this all of those hopping on board the FOMO-train. It is what it is. Let's look a little deeper.

''Normal Tech analysis'' is practically non-existent for these new coins, but we can look at the order book and see what's going on there. If you login to your Bittrex account, you can go to the RISE-BTC coin pairing and open up the order book. It looks like this:

*Make sure to set price range to ''all''.

PART 2:

Next, you want to scroll down to the actual Order book, click ''show all'', and open it up to view 100 at a time. It looks like this:

PART 3:

This will modify your order book chart appearance. You can easily see all of the long term sell orders. It looks like this:

How can YOU use this?

To use this tool to your advantage, look for medium and large sell walls. This would be prices at which there are whales selling hundreds or thousands of BTC worth of coins. It will take a lot of buyers to break through these walls. If you search through the current order book (as of the time of this post), there are 4 major sell walls within reach. The first three are about 55 BTC each and the 4th is about 289 BTC. These sell walls are at .00018, .000233, .00035 and the big one at .001.

If you are want to sell and buy back in lower, look to sell right below these sell walls, and then look through the order book to buy right above the buy walls.

If this was helpful, upvote and comment. Have a great day. :)
-JTtheAT

BTC Tip jar: 1MzmDQU5M8Echo1GTd7U2Mvg5qzUWwJsfU