A CME gap for bitcoin refers to a price discrepancy that occurs on the Chicago Mercantile Exchange bitcoin futures chart between the closing price of one trading day and the opening price of the next trading day.
What is the gap in Bitcoin futures?
Bitcoin futures gapThe gap price of Bitcoin futures is between 40325 and 39640, waiting for the gap to be filled. According to market rules, this gap will be 100% filled. BTC COMING TO FILL CME GAPBitcoin Dumping to Fullfill CME GAP Between $ 21250-20310.
What is the ticker for Bitcoin CME?
BTC CME's Bitcoin futures contract, ticker symbol BTC, is a USD cash-settled contract based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.
Do CME gaps always get filled?
Weekend moves have become less common, and when they do happen, the likelihood of a retrace is higher than it used to be. In any case, it is crucial to remember that as with any trading strategy, you are working with odds rather than certainties. CME gap closes are likely, but they can take weeks to happen.
What does it mean to fill the CME gap?
Bitcoin CME gaps have often been known to “fill”. Filling means that the spot price moves back to the previous close. In our example above Bitcoin would need to fall back to $16,925 to close the gap. Gaps can also close upwards.
What does CME stand for in Crypto?
The Chicago Mercantile Exchange The Chicago Mercantile Exchange is a key part of America's financial infrastructure. Originally a marketplace for settling agricultural futures, it is now a major trading hub for precious metals, foreign currencies, treasury bonds, cryptocurrencies, and many kinds of derivatives.