The BTC CME gap is in the spotlight where it focuses on the sale of price on the unlimited area less than $ 80,000

Bitcoin (BTC) decreased by 10 % to $ 86,300 this week, diving from a long period of trading ranging from $ 90,000 and $ 110,000.

The so -called landmark collapse is closely studying the plans in search of evidence about the place where the sale may pay prices after that. One of the main levels under the audit is the “fleeing gap” in CME Bitcoin futures less than $ 80,000, which was formed three months ago.

The gap is an empty space on a price scheme between the closing price or the high on a specific day and the next opening price, which indicates that there is no commercial activity at prices between them. When the gap appears in a steady direction, it is called a fugitive or continuity gap.

Unlike the instant Bitcoin market, which opens around the clock throughout the week, CME Bitco Futures trading 23 hours a day from Sunday to Friday. The market opens at 5 pm CT (23:00 UTC) and closes for an hour the next day at 4 pm

With the selection of the Bitcoin Steam Rally after President Donald Trump’s victory on November 4, a fugitive gap appeared in CME the next day. Prices opened the next day at 81,210 dollars, much higher than the highest level in elections of $ 77,930.

It has been widely held that the price gaps are ultimately filled, as traders buy and sell assets in the previously not specified area. The process is often seen as a natural behavior in the market, which reflects a return to balance.

“From a historical point of view, CME gaps were finally filled, and it is usually difficult to determine when.” “The last unexpected events are the biggest causes of the reason we saw these major” large movements and without them I think we will not really look at the CME gap. ”

Sondergaard said Nansen’s risk indicators “may disappear” recently, so it will not be surprising if the CME gap is filled.

Technical analysis theory, however, indicates otherwise. She says that the common gaps, which often occur during normal trading, and end up the gaps that exhaust them, which appear during direction reversal, quickly. On the contrary, the probability of a relatively low runaway gaps.

It should be noted that the gap was formed between February 24 and February 25, with prices lower of prolonged monotheism. Any of these gaps will be filled first and still is still inaccurate.