Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. For experienced investors, gaps are seen as high probability setups and may present medium-term to long-term swing trades, with excellent risk to reward ratios. Bitcoin’s rise towards the $11,500 level over the weekend has created a notable price gap on the BTC CME futures chart, leaving the possibility of a pullback in early-week trading to fill the gap. A CME gap happens when the Chicago Mercantile Exchange’s Bitcoin futures markets pause trading during the weekend, but futures prices don’t reflect spot prices that have risen higher until the next week’s open. If Bitcoin has indeed bottomed and can maintain the recent bullish momentum, it could eventually make its way higher and retest former highs, taking the price of Bitcoin to a CME gap located at $11,855. The CME gap occurs when the Bitcoin price moves after the CME Bitcoin futures market is closed during after market hours.. For instance, if the Bitcoin price was at $6,600 when the futures market closes and it had surges to $7,000 when it opens, there is a $6,600 to $7,000 gap on CME. Bitcoin CME gaps have a history of eventually being filled. However, a recent Ecoinometrics newsletter suggested that might not be completely true in the long term. What's' the best strategy to trade the CME Gap We do not give personalized investment advice or other financial advice. But the price did wick into the gap at $9905 on the futures chart. Unlike cryptocurrencies, traditional assets do not trade 24/7 around the clock. Why Bitcoin’s volatility is falling, despite the drop to $17k, Data clarifies why 2020 is a defining year for Bitcoin, Your email address will not be published. A price gap occurs when the asset has either risen or fallen from the previous trading day’s close, without any trading happening in between. Bitcoin’s ability to hold so well has left some wondering if it will ever fill the CME futures gap at $9,600. It is already 1900$ or almost 10% of the price. Buy Crypto at True Cost, USD, EUR, GBP & More. Bitcoin is never down. Bitcoin might just stay clear of the $9600 CME Gap The value of Bitcoin continues to trail under the resistance of $10,440 in the charts, as its inability to peak above continues to draw speculation. Such a rise would be over a 50% gain from current prices. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. If CME’s Bitcoin futures open for trading after a big move from Bitcoin, a gap is left on the chart between the listed price when the CME closed and the price of BTC when it opens. Save my name, email, and website in this browser for the next time I comment. He noted how the cryptocurrency lost the support of the pivotal support at $10,900, which is likely to trigger a move to $10,200. An unfilled $870 dollar gap on the CME Bitcoin Futures chart is spreading worries of another serious bitcoin price decline, which could send BTC … This means that if the leading crypto experiences high volatility over the weekend and the price changes dramatically when the traditional markets reopen, then a gap will appear in the chart. As price drops, are Bitcoin hodlers on the backfoot? The $3,500 CME Gap On crypto forums and social media, a great number of traders are discussing a CME Bitcoin futures gap that could send BTC spot prices back to that region. The Bitcoin CME gap, also called the “CME gap” for short, is the difference between the trading price of a Bitcoin futures contracts when the market opens on Sunday, and when it closes on Friday. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. Get daily crypto briefings and weekly Bitcoin market reports delivered right to your inbox. Thus, a void in a price range is created due to an imbalance in price delivery. CME Bitcoin Futures Price Gap. The newsletter added, “The reaction of the different market participants to the Bitcoin drop back to $10k will be interesting to see.”, Willy Woo believes the CME gap at $9600-$9800 might not be filled. CME gaps only open when Bitcoin moves while the CME Bitcoin futures market is closed during after market hours. How do you think? Right now, the puts to calls ratio were 1:1 but before September it was 4:1. A gap occurs on the CME Bitcoin futures chart when Bitcoin’s spot price moves while the CME Bitcoin futures markets are closed for the weekend or the holidays. Ripple exec recommends Barbell Strategy for portfolio allocations. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space. However, according to the chart below, the long term bullish sentiment remains pretty undeterred. Bitcoin doesn’t have these gaps because the market is open 24/7, however, futures trading does close and open. The value of Bitcoin continues to trail under the resistance of $10,440 in the charts, as its inability to peak above continues to draw speculation. This means that experienced traders are actively betting on BTC to fill these gaps.
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