Can CME Futures Clear the Gap before they Close Today?

$61,435 is the Closest Downside Gap

GAP Trading is not new but it is very uncommon in the Crypto World.  Why?  Simply put, the market operates 24 hours a day/7 days a week.  So long as there is trading, there is no real liklihood of spotting gaps.  In the traditional market, the market will close and traders will trade After Hours as well as Pre-Trading – none of that action is considered when the Daily Candle Opens.  This is why GAP trading in the traditional market is fairly common.

CME Futures Daily Gap Chart

The Introduction of the CME Futures Market back in 2017 opened the door to Gap trading in Crypto.  The CME Market can also run independently from the rest of the Crypto Market.  Now that we have a chart we can analyze, we can see how the CME Market can influence Bitcoin and therefore, the rest of the Crypto Market.

Over the course of the last few years, almost every CME Gap has been filled.  Some, the very next day and others – Years Later.  We can add two categories to Gaps as well.  Big and Small.  The Bigger Gaps have a tendency to fill while there are some smaller Gaps that may never fill.  For example, we still have a gap at $3120.  Although not impossible to fill, it’s incredibly unlikely we see Bitcoin back at $3120.

Not EVERY Gap Will Fill

Over the course of the last few years, almost every CME Gap has been filled.  Some, the very next day and others – Years Later.  We can add two categories to Gaps as well.  Big and Small.  The Bigger Gaps have a tendency to fill while there are some smaller Gaps that may never fill.  For example, we still have a gap at $3120.  Although not impossible to fill, it’s incredibly unlikely we see Bitcoin back at $3120.

What's Hot in the AltCoin World?

We have spoken about ARPA for almost a month now.  We saw something we liked back on October 14th – HERE 

But then we mentioned it again HERE and it was added to our Editors Pics – HERE.

Now it’s time to take another look.

ARPA: ARPA is a blockchain-based layer 2 solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure.

ARPA is creating a stronger trend and challenging our first major resistance area once again.  The $0.13218 Support was a little sloppy but it held nonetheless and was able to produce.  Now we focus on $0.22028 as the level to break and confirm for a chance to push to $0.34235.  That would be a 55% move from current resistance and a 159% move for those who read the earlier articles and entered near $0.13.  Not bad at all.

Also worth noting that ARPA is making these moves while the rest of the market is RED.

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