CME Future GAP
This chart has been developed for use in supplement posts.
CME chart reflects the futures treading for BTC derivatives (see link before for more information).
cmegroup.com/education/courses/introduction-to-bitcoin/what-are-bitcoin-futures.html
CME Futures allowed a lot of investors money to now short the asset.
CME Futures like other 'traditional' assets close their markets over the weekend and operate Monday to Friday (Shown as Thursday to Sunday corresponding to my Time Frame in Australia).
A 'CME GAP' for the purposes of this post refers to the 'GAP' which often forms with the Friday close and Monday open price of CME Futures, due to BTC (like other cryptocurrencies) continuing to trade over the weekend.
'Big Money' in Futures Markets are 'Speculated' to drive the BTC price to cover positions when big gaps form at the Monday Close.
In this post, we referee to a GAP being closed when the price of BTC drops through the gap price, allowing these positions to be 'closed' at break even if large short positions have been created and the price rises.
See below Legend with reference with this chart:
* Red Rectangle: CME GAP yet to be closed
* Yellow Rectangle: CME GAP partially closed
* Green Rectangle: CME GAP closed
Historically, since CME BTC Futures began operations around the time of BTC 2017 bull top in in December 2017, all CME GAPs have been close.
This has held true up until the 2021 Bull run where CME gaps post July have left many only partially filled and some open.
The questions now as BTC searches for a new bottom and big money are hunting over leveraged positions and pools of liquidity is will these gaps have their day and fully fill or will btc leave these gaps partially filled for ever and we will not see BTC at these prices again?
Significant CME gap close prices awaiting to be closed:
* July 2020 [Partially Closed] - ~USD$9,615
* October 2020 [Partially Closed] ~USD$11,110
* October 2020 [Partially Closed] ~USD$11,110
* November 2020 [Partially Closed] ~USD$16,925
* December 2020 [Open] ~USD$18,020
CME chart reflects the futures treading for BTC derivatives (see link before for more information).
cmegroup.com/education/courses/introduction-to-bitcoin/what-are-bitcoin-futures.html
CME Futures allowed a lot of investors money to now short the asset.
CME Futures like other 'traditional' assets close their markets over the weekend and operate Monday to Friday (Shown as Thursday to Sunday corresponding to my Time Frame in Australia).
A 'CME GAP' for the purposes of this post refers to the 'GAP' which often forms with the Friday close and Monday open price of CME Futures, due to BTC (like other cryptocurrencies) continuing to trade over the weekend.
'Big Money' in Futures Markets are 'Speculated' to drive the BTC price to cover positions when big gaps form at the Monday Close.
In this post, we referee to a GAP being closed when the price of BTC drops through the gap price, allowing these positions to be 'closed' at break even if large short positions have been created and the price rises.
See below Legend with reference with this chart:
* Red Rectangle: CME GAP yet to be closed
* Yellow Rectangle: CME GAP partially closed
* Green Rectangle: CME GAP closed
Historically, since CME BTC Futures began operations around the time of BTC 2017 bull top in in December 2017, all CME GAPs have been close.
This has held true up until the 2021 Bull run where CME gaps post July have left many only partially filled and some open.
The questions now as BTC searches for a new bottom and big money are hunting over leveraged positions and pools of liquidity is will these gaps have their day and fully fill or will btc leave these gaps partially filled for ever and we will not see BTC at these prices again?
Significant CME gap close prices awaiting to be closed:
* July 2020 [Partially Closed] - ~USD$9,615
* October 2020 [Partially Closed] ~USD$11,110
* October 2020 [Partially Closed] ~USD$11,110
* November 2020 [Partially Closed] ~USD$16,925
* December 2020 [Open] ~USD$18,020
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