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.
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.
