Traderfriends

CME Futures Gaps Leave Clues - 93.9% chance of closure

CME:BTC1!   Bitcoin CME Futures
CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of 93.9% to be closed.
The last gap was filled to the dollar accuracy - check out the related video idea.

Some math for understanding:
We have a total number of 82 trading weeks on the CME futures. Every week a gap is formed.
The total amount of gaps not being closed is 5.


Percentage of gaps not being closed is therefore = (5/82) / 100 = 6.1%.
The probability of a CME futures gap to be closed is therefore 93.9% as of now.

Conclusion:
We should always consider CME futures gaps to be closed with a very high chance.

Current situation:
We have a new gap formed @ 40935$ below the current price.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.