Battle Cryptoby The Compendium Co.

What is Iceberg?

A large order that only shows a small piece on the book at a time, replenishing as it fills. Designed to hide size.

An iceberg shows a small piece of a large order and quietly replenishes it as it fills, so the book never reveals the real size. You usually detect one by its behaviour rather than its appearance: a modest-looking level that absorbs far more than it should have been able to, again and again, is somebody working size they do not want you to see.

Watch it happen

Every idea on this page is something you can see on a live tape rather than take on faith. The board draws real executed trades as an army: buyers advance from the left, sellers from the right, and the glowing line between them is the price. Here is how to read it.

Related terms

Told first when the board changes

New markets, new battle eras, and what changes on the board. One email when there is something to say — not a newsletter, and never more than that.

Email address Tell me

Your address, used for that and nothing else. No tracking, never sold. Privacy.