Can CME gap be used as a reliable indicator for predicting cryptocurrency price trends?

3 answers

• Nov 29, 2021 · 3 years ago
  The CME gap is a popular concept in the cryptocurrency community. It refers to the difference between the closing price of a cryptocurrency on the Chicago Mercantile Exchange (CME) and its opening price. Some traders believe that the CME gap can be used as a reliable indicator for predicting future price trends. They argue that when a gap occurs, it tends to get filled in the future. However, it's important to note that the CME gap alone should not be the sole basis for making investment decisions. Other factors such as market sentiment, volume, and fundamental analysis should also be taken into consideration.
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• Nov 29, 2021 · 3 years ago
  Using the CME gap as an indicator for predicting cryptocurrency price trends can be a useful tool, but it should not be relied upon solely. The CME gap is based on the assumption that the price of a cryptocurrency will eventually fill the gap and return to its previous level. However, this assumption may not always hold true, as the cryptocurrency market is highly volatile and influenced by various factors. Traders should use the CME gap in conjunction with other technical and fundamental analysis tools to make more informed trading decisions.
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• Nov 29, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the CME gap can provide valuable insights into potential price movements of cryptocurrencies. However, it is important to remember that the CME gap is just one of many indicators and should not be used in isolation. BYDFi recommends using a combination of technical analysis, market sentiment, and fundamental analysis to make informed trading decisions. The CME gap can be a useful tool in this process, but it should not be the sole basis for predicting cryptocurrency price trends.
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