Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will talk about the price gap in bitcoin. You may have heard of this topic for the first time. But this is an important issue… When we look at the history of Bitcoin, we always see that it fills this price gap. If you are interested, let's get started ...
First of all, we need to know what the price gap is.
What is the price gap…?
GAP, is a space discontinuity on the chart of a security where its price rises or falls relative to the previous day's close and no transactions occur in between.
The vacuum is usually a news or event, when buyers or sellers flock to the safe space. It causes the price to open significantly higher or lower than the previous day's closing price. Depending on the type of gap, it may indicate the beginning of a new trend or a previous trend reversal.
GAP, occurs when the price of a security or asset opens well above or below the closing price of the previous day without any transactions between them. Partial gap occurs when the opening price is higher or lower than the closing price of the previous day, but within the previous day's price range. A full gap occurs when the opening is outside the range of the previous day. Emptiness, especially a total emptiness, indicates a strong change in sensitivity that occurs overnight.
Bitcoin price chart on the CME exchange
The Chicago Commodity Exchange (CME) is the most familiar and regulated futures market for Bitcoin. CME generally appeals to corporate firms, and CME futures markets can be entered with high sums.
Does the CME gap have to be filled?
It is known that a market that is in a bearish trend or does not reach sufficient momentum is testing these gaps before moving up. For this reason, this gap is closed with a sharp downward movement with a large volume. Then the rise begins.
Bitcoin has always filled price gaps. Bitcoin, which has lost significant value due to the negative developments we have experienced in recent days, may want to fill the gap between $ 23550 - $ 26650.
We will see the situation in the coming days. It is useful to be careful.
My thinking is that it fills it with the ongoing downtrend. Thus, we can reach our target of 100000 $ in a healthy way.
When we don't fill this gap, the next drop of $ 100000 will be dire.
As I always said, listen to everyone, decide for yourself ...
Buy while everyone is selling, sell when everyone is buying ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…