What is the meaning of CME gap in the context of cryptocurrency?

3 answers

• Nov 29, 2021 · 3 years ago
  CME gap refers to the difference in price between the closing price of a cryptocurrency on the Chicago Mercantile Exchange (CME) and its opening price. It occurs when the price of a cryptocurrency moves significantly during the weekend or when the exchange is closed, resulting in a gap between the closing and opening prices. Traders often pay attention to CME gaps as they can provide insights into potential price movements and trading opportunities. It's important to note that CME gaps are specific to the CME exchange and may not be applicable to other exchanges.
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• Nov 29, 2021 · 3 years ago
  Ah, CME gap, a term that crypto traders love to talk about! It's basically the difference in price between the closing and opening of a cryptocurrency on the Chicago Mercantile Exchange. You see, when the market is closed, like during weekends or holidays, the price of a cryptocurrency can change a lot. So when the market opens again, there might be a gap between the closing price and the opening price. Traders keep an eye on these gaps because they can indicate potential price movements. It's like finding a hidden treasure map in the crypto world!
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• Nov 29, 2021 · 3 years ago
  CME gap, also known as the Chicago Mercantile Exchange gap, is a term used in the cryptocurrency trading community. It refers to the difference in price between the closing price of a cryptocurrency on the CME exchange and its opening price. This gap can occur when there is a significant price movement during the time when the exchange is closed, such as over the weekend. Traders often analyze these gaps as they can provide valuable insights into market sentiment and potential trading opportunities. However, it's important to note that CME gaps are specific to the CME exchange and may not be relevant to other exchanges.
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