I want to share the latest tool from Bitcoinwisdom.io that I recently found.
AGGREGATED HEATMAP allows traders to see when buy and sale orders are positioned on the market, so now it's easier to see how these huge orders have an impact on Bitcoin's value.
Completely new software that makes it easier to watch the whales who control the Bitcoin market.
https://bitcoinwisdom.io/the-heatmap
How does AGGREGATED HEATMAP work?
With regard to the purchase and sale of cryptocurrency, heat maps are used to indicate the graphical liquidity of the selected market under the type of horizontal bars at each level of value.
Most cryptocurrency exchanges only present a heat map of their own order books.
The horizontal axis of this chart represents time, while the vertical axis represents the value of the order. Orders in each value range are marked with a colored block, and the depth of this color represents a variety of orders with this value.
UPDATE
Bitcoinwisdom updated their AGGREGATED HEATMAP lately and added a couple of new features.
Now we can easily choose between different exchanges or select them all to have readings from all order books, additionally, they added personalized settings to the heatmap, so now we can adjust everything to our needs. Added exchanges: Coinbase, Kraken, Bitmex, Bitstamp, Bitfinex.
https://bitcoinwisdom.io/the-heatmap
As you can see on the screen, I was able to adjust the settings and to make the reads less noisy.
If you don't have any other tool for order books, then this is a great alternative, most important that it is free. If you still haven't used it, then it is for sure worth checking, especially for traders.
With good personalized settings, I am able to set up correctly stop-loss orders, start or finish trades at the right time, recognize incoming corrections, buy/sell walls, etc.
it needs some more personal settings but finally, when you tweak it correctly it starts to run like a charm and shows buy/sell walls very correctly.
https://bitcoinwisdom.io/the-heatmap
As you can see on the screen the BTC price moves between these walls and for me, it works perfectly as another confirmation to enter or exit a trade.
we can easily choose between different exchanges or select them all to have readings from all order books, additionally, they added personalized settings to the heatmap, so now we can adjust everything to our needs. Added exchanges: Coinbase, Kraken, Bitmex, Bitstamp, Bitfinex.
https://bitcoinwisdom.io/the-heatmap
As you can see on the screen, I was able to adjust the settings and to make the reads less noisy. If you don't have any other tool for order books, then this is a great alternative and what is most important, free of costs. With good settings, I am able to set up correctly stop-loss orders, start or finish trades at the right time, recognize incoming corrections, buy/sell walls, etc.
If you still haven't used it, then it is a toll for sure worth checking, especially for traders.
