Pls halp
What does "CME Gap" mean?
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI
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Pls halp
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI
— Mental Videos (@MentalVids) March 15, 2023
It's a gap in the CME Bitcoin chart created when the Chicago Mercantile Exchange closes for the weekend and opens at a different price compared to where it closed at. Since there is a lot of "locked liquidity" in that gap, either market forces and/ or certain actors will often move the price to "fill" the gap, eventually. Since people arbitrage across all exchanges and markets, a big move on CME will be reflected on Binance, Coinbase etc.
Oh okay, thank u anon. Why do they have to close for the weekend?
That I do not know. Boomers doing boomer things, probably.
Makes sense
There is still an enormous CME gap at 3.5k btw
So sometimes gaps do not inevitably "get filled"?
Not always. The "CME gap at $3500" has become a meme here.
I learn more here than anyone else has ever bothered to teach me
OK but you'd probably learn a lot faster on investopedia.
nice work Chang
Do you still remember this meme in 2020? it's was bobo's favorite cope, the gap never closed and the golden bullrun started.
Hmmmmmmm
Bobo playing tricks again
Trying to entrap mumu
Exhibit A
Do you see the gap? What does it tell you?
GON BE FILLED
Who fills it though?
And why does it have to be filled?
People do, bots do, probably the exchange itself goads price there.
There is an axiom that price moves towards the range of greatest liquidity. Well, there is a lot of liquidity in those gaps. Buy and sell orders, liquidation levels and such that never got filled because price never traded in that range.
Nature abhors a vacuum, and all that.
Very interdasting.
Thnk u
I see four gaps?
Pls anon I'm retarded
Yes but only second from the left remains to be filled. It will be filled when price actively trades across the gap, which is from like $20,500 down to $20,000, roughly.
Oohhhhhhh ok I get it now.
THANK u fren
Same as an open buy order basically
So the Long I opened up today is a stupid thing to have, isn't it