What is CME Gap? (Chicago Mercantile Exchange) (CME)
A CME gap is created when the price of Bitcoin opens above or below the previous day's close on the CME exchange.
One of the prime reasons for CME gap creation is the fact that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7.
Historically, the percentage of CME gaps that get filled is between 60-80%. Hence,
using it as an indicator provides you with a degree of accuracy. A review of previous events could shade more light on this claim.
A CME gap is created when the price of Bitcoin opens above or below the previous day's close on the CME exchange.
One of the prime reasons for CME gap creation is the fact that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7.
Historically, the percentage of CME gaps that get filled is between 60-80%. Hence,
using it as an indicator provides you with a degree of accuracy. A review of previous events could shade more light on this claim.