Hello, You may have heard about this for the first time. But this is an important issue. It comes to the fore in the sharp declines of Bitcoin. When we look at the history of Bitcoin, we always see that it has come back to fill this Price Gap.
If you're wondering, let's get started...
First of all, we need to know what the Price Gap is.
What is the Price Gap…?
GAP is a gap in a security's chart where its price rises or falls based on the previous day's close and there is no trade in between.
GAP is usually a news or event where buyers or sellers flock to the safe haven. It causes the price to open significantly higher or lower than the previous day's closing price.
Depending on the type of gap, it can indicate the beginning of a new trend or a reversal of a previous trend.
GAP occurs when the price of a security or asset opens well above or below the previous day's closing price with no trades in between. A partial gap occurs when the opening price is higher or lower than the previous day's closing price but is within the previous day's price range. A full gap occurs when the opening is outside of the previous day's range. A gap, especially a complete gap, indicates a strong change in sensitivity that occurred overnight.
The Chicago Commodity Exchange (CME) is a regulated futures market for Bitcoin. CME generally appeals to corporate companies and CME futures markets are entered in large sums.
Does the CME gap need to be filled?
It is known that a market that is in a downtrend or cannot gain enough momentum tests these gaps before rising. Therefore, this gap is closed with a large-volume sharp downward movement, after which the rise begins.
My last words; Bitcoin (BTC) has always filled Price Gaps. Bitcoin (BTC), which has lost its value significantly due to the negative developments we have experienced in recent days;
1st region above; It currently fills the gap between $32500 - $34500.
2nd region above; Might want to fill the gap between $23550 - $26650. I'm just waiting for this.
Decline in global markets, U.S. The strengthening of the dollar for the Fed rate decision may trigger this.
After filling these price gaps, the markets will be Bitcoin and altcoins. Investors who have not sold so far can use staking. Those with cash may have the opportunity to cut costs during these two price gaps or for new investment.
As I always say, listen to everyone, decide for yourself...
Buy when everyone is selling, sell when everyone is buying...