/biz/ - Business & Finance

[Anonymous No.58029236]

Why are bobos obsessed with CME gaps? I thought gaps don't apply to bitcoin because it is traded continuously

[Anonymous No.58029280]

>>58029236
It's not that "Bobos" are, but rather than oldfags are. What you're seeing, mostly, when you see CME gap posts, is oldfags posting. Oldfags know about the gaps and know the 10k target was settled on due in large part to the CME gap at 9.7k which manifested in the 2020 bullrun.

[Anonymous No.58029297]

>>58029236
>I thought gaps don't apply to bitcoin because it is traded continuously
>traded continuously
Not on the CME chart. Which is where the gaps happen. There are no gaps on ordinary Bitcoin charts. When anons talk about CME gaps they're talking about the CME, which isn't "traded continuously".

[Anonymous No.58029309]

>>58029297
but bitcoin doesn't close and isn't on the chicago exchange though. i'm so confused. is this some astrology shit?

[Anonymous No.58029682]

>>58029236
What >>58029280 said it correct. CME gap posting isn't really a Bobo-specific thing, but of course Bobos often post about them as it's funny and also because it's simply bearish that the gaps exist (the gaps on the 1D CME chart that is, because almost all of those have later been filled -- in other words BTC went back to that price -- whereas in contrast many of the gaps that only exist on the 4H never got filled).

Here you have a helpful search for CME gaps (with noise eliminated) that shows results from before the April 2021 ATH: >>/biz/?task=search2&ghost=true&search_text=%22CME+gap%22+-3k+-5k+-3000+-3500+-500+-3200+-4k+-570+-6k+-800+-3800+-1000+-1k+-fud+-meme&search_subject=&search_username=&search_tripcode=&search_email=&search_filename=&search_datefrom=&search_dateto=2021-02-23&search_media_hash=&search_op=all&search_del=dontcare&search_int=dontcare&search_ord=new&search_capcode=all&search_res=post

If you hit +96 a bunch of times you'll get back to 2020 and see countless anons discussing the ~9.7k CME gap, after it was created in July 2020. And if you go even further back you'll see posts about even older gaps that later got filled, like an ~8.5k gap. Many of the posts aren't Bobos, just random anons talking about CME gaps.

>>58029309
Bitcoin itself never closes, but the BTC futures trading on the CME does. Bitcoin futures are traded on the CME. Launch a tradingview chart and in the symbol search, write CME:BTC1! and you'll get "BITCOIN FUTURES" with "CME" next to an American flag. That's the CME chart.

[Anonymous No.58029749]

>>58029682
nice

[Anonymous No.58029750]

Are these gaps in the room with us now?

[Anonymous No.58029815]

>>58029750
Yes.

[Anonymous No.58029846]

>>58029815

[Anonymous No.58031070]

>>58029682
Good post.