What does filling the gap mean in cryptocurrency trading?

3 answers

• Baldwin PopeOct 16, 2023 · 2 years ago
  Filling the gap in cryptocurrency trading refers to the process of a price movement that closes the price gap between two consecutive trading sessions. This phenomenon usually occurs when the price of a cryptocurrency opens higher or lower than the previous day's closing price. Gap filling can have significant implications for the market as it indicates a potential shift in market sentiment. Traders often use gap filling as a signal to enter or exit positions. There are various indicators and patterns that traders use to identify gap filling, such as the gap fill strategy, which involves buying or selling when the price reaches the previous day's closing price. However, it's important to note that not all gaps are filled, and traders should consider other factors and indicators before making trading decisions.
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• Lauritzen BrantleyOct 05, 2022 · 3 years ago
  In cryptocurrency trading, filling the gap refers to the process of price movement that closes the price gap between two consecutive trading sessions. This can happen when the price of a cryptocurrency opens higher or lower than the previous day's closing price. Gap filling is significant because it represents a potential change in market sentiment. Traders often use gap filling as a signal to make trading decisions. There are several indicators and patterns that traders use to identify gap filling, such as the gap fill strategy, which involves buying or selling when the price reaches the previous day's closing price. However, it's important to remember that not all gaps are filled, and traders should consider other factors before making trading decisions.
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• AzazelllooMar 24, 2022 · 3 years ago
  Filling the gap in cryptocurrency trading is an important concept that traders should understand. It refers to the process of price movement that closes the price gap between two consecutive trading sessions. When a cryptocurrency opens higher or lower than the previous day's closing price, it creates a gap. Gap filling occurs when the price moves to fill that gap. This phenomenon can have a significant impact on the market and trading strategies. Traders often use gap filling as a signal to enter or exit positions. There are various indicators and patterns that traders use to identify gap filling, such as the gap fill strategy. This strategy involves buying or selling when the price reaches the previous day's closing price. However, it's important to note that not all gaps are filled, and traders should consider other factors and indicators before making trading decisions.
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