“March Futures operated at $ 95k Early Today, Gapping Higher by Over $ 9k from Friday’s High.”, – WRITE: www.coindesk.com
That have led to a gap-up to the most March Futures listed on the cme, as shown by Data Source Cme and Charting Platform Tradingview. The Contract OPENED AT $ 95,000 EARLY TODAY, UP $ 9.280 from Friday’s High of $ 85.720.
The Gap Represents a non-traded Zone, Indicating A Price Level Where No Transactions Occurred Between Consecutive Trading Sessions. This Absense of Trading Suggests An Abroupt Change in the Market Sentiment, Who, In this Case, Is Bullish Following the Past Week’s Sell-Off.
Gaps Are of Field as Market Participants Tend to Re -establish A Balance After the Disruption. The Best Example is the Past Week’s Sell-Off Below $ 80,000, Which Field The Gap from November.
SO, The Emergence of A New Gap Between $ 84k and $ 94k Means Prices Could Revisit this Window Once.
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