With all the narrative on CT today about the CME gaps being filled on - do you know what they are, and what it means?
Brief summary in this article.
cryptopotato.com/what-are-bitco…
Brief summary in this article.
cryptopotato.com/what-are-bitco…
Although there is a saying “all gaps are eventually filled”, this isn’t definitively true, at least not yet.
For example there is an unfilled gap on the Dow Jones from 1933 at $75. As the price is now over $28,000 a fill is possible but unlikely.
For example there is an unfilled gap on the Dow Jones from 1933 at $75. As the price is now over $28,000 a fill is possible but unlikely.
On there are 2 unfilled CME gaps, one at $9.6K and $3.5K
There was another at $11.6k that was recently filled.
Historically most gaps have been filled in a short time after being opened, usually within hours or days.
Whether these gaps will fill remains to be seen
There was another at $11.6k that was recently filled.
Historically most gaps have been filled in a short time after being opened, usually within hours or days.
Whether these gaps will fill remains to be seen
I have never been convinced there is any fundamental reason a CME gap needs to fill.
It’s a narrative, and narratives are important in markets.
Figure out who benefits - why, when and how - and you’ll have a much fuller understanding of why markets move the way they do.
It’s a narrative, and narratives are important in markets.
Figure out who benefits - why, when and how - and you’ll have a much fuller understanding of why markets move the way they do.
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