[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 74 KB, 1280x720, fre_swim.jpg [View same] [iqdb] [saucenao] [google]
53950670 No.53950670 [Reply] [Original]

Pls halp

>> No.53950716

>>53950670
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.

>> No.53950734
File: 652 KB, 2400x1080, Screenshot_20230305_202429_TradingView.jpg [View same] [iqdb] [saucenao] [google]
53950734

Exhibit A
Do you see the gap? What does it tell you?

>> No.53950751

>>53950734
GON BE FILLED

>> No.53950758

>>53950670
Same as an open buy order basically

>> No.53950793
File: 517 KB, 1826x1086, why_gaps.png [View same] [iqdb] [saucenao] [google]
53950793

>>53950734
I see four gaps?
Pls anon I'm retarded

>> No.53950811

>>53950751
Who fills it though?
And why does it have to be filled?

>> No.53950825

>>53950793
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.

>> No.53950840
File: 26 KB, 833x541, fre_swum.png [View same] [iqdb] [saucenao] [google]
53950840

>>53950716
Oh okay, thank u anon. Why do they have to close for the weekend?

>> No.53950842

>>53950670
>>53950716
>>53950734
>>53950751
>>53950758
There is still an enormous CME gap at 3.5k btw

>> No.53950848

>>53950811
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.

>> No.53950850

>>53950825
Oohhhhhhh ok I get it now.
THANK u fren

>> No.53950860

>>53950840
That I do not know. Boomers doing boomer things, probably.

>> No.53950861
File: 68 KB, 736x1130, puzzle_feet.jpg [View same] [iqdb] [saucenao] [google]
53950861

>>53950848
Very interdasting.
Thnk u

>> No.53950895

>>53950860
Makes sense

>> No.53950960

>>53950842
So sometimes gaps do not inevitably "get filled"?

>> No.53951036

>>53950758
So the Long I opened up today is a stupid thing to have, isn't it

>> No.53951286

>>53950960
Not always. The "CME gap at $3500" has become a meme here.

>> No.53951455

>>53951286
I learn more here than anyone else has ever bothered to teach me

>> No.53951473

>>53951455
OK but you'd probably learn a lot faster on investopedia.

>> No.53951474

>>53950716
nice work Chang

>> No.53951478

>>53950670
>>53950716
>>53950842
Do you still remember this meme in 2020? it's was bobo's favorite cope, the gap never closed and the golden bullrun started.

>> No.53951828
File: 103 KB, 576x760, bobo_zebull.jpg [View same] [iqdb] [saucenao] [google]
53951828

>>53951478
Hmmmmmmm
Bobo playing tricks again
Trying to entrap mumu