What does gap fill mean in cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  Gap fill in cryptocurrency trading refers to the process of a price movement filling the gap between the closing price of one trading session and the opening price of the next session. It often occurs when there is a significant price difference between these two points. Gap fill is important because it indicates a potential reversal or continuation of the price trend. Traders use gap fill as a technical analysis tool to identify potential entry or exit points in their trading strategies. It is crucial to consider other factors such as trading volume and market sentiment when interpreting gap fill in cryptocurrency trading.
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• Dec 17, 2021 · 3 years ago
  In cryptocurrency trading, gap fill is when the price of a cryptocurrency quickly moves to fill a price gap that was created during a period of low trading volume. This can happen when there is a sudden surge in buying or selling pressure, causing the price to quickly move to fill the gap. Gap fill can be a bullish or bearish signal, depending on the direction of the price movement. Traders often use gap fill as a confirmation signal for their trading strategies, as it indicates a strong momentum in the market.
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• Dec 17, 2021 · 3 years ago
  Gap fill in cryptocurrency trading is an important concept that traders should be aware of. It refers to the phenomenon where the price of a cryptocurrency quickly moves to fill a gap in the price chart. This can happen when there is a significant change in market sentiment or when there is a sudden influx of buying or selling pressure. Gap fill can provide valuable insights into the market's direction and can be used as a tool for making trading decisions. However, it is important to note that gap fill alone should not be the sole basis for making trading decisions. It should be used in conjunction with other technical indicators and analysis tools to increase the probability of success in cryptocurrency trading.
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