A colossal correction is coming

[Anonymous No.53853252]

Because Bitcoin has been left vulnerable to one, by a CME gap at $3500.

[Anonymous No.53853284]

It's possible but I doubt it, 10k is programmed however

[Anonymous No.53853359]

>>53853252
>cme gap at $3500 anon is back
Kek

[Anonymous No.53853366]

>>53853252
What’s the logic for gaps needing to be filled? Just because price went up so fast that some orders didn’t get filled leaving a gap doesn’t mean that they have to be filled

[Anonymous No.53853407]

>>53853366
>What’s the logic
The logic goes that since most gaps get filled (price retraces constantly), all of them "need" to be filled. Retard logic basically

[Anonymous No.53853413]

>>53853366
To add to my existing post for example I could put a sell order for 1 Btc for $1 and then also put a buy order for $2. Somebody fills my sell order and buys my bitcoin for $1, causing a wick to go down to $1 and then price jumps back up to $23k. Did my $2 buy order that got ignored is now a gap that must be filled?

[Anonymous No.53854117]

>>53853413
The error/flaw in your argument is that you didn't do that on the Chicago Mercantile Exchange.

[Anonymous No.53854235]

>>53853252
That's on the 4 hour chart, moron. Nobody cares about a CME gap on any time frame below the daily.

[Anonymous No.53854259]

>>53853413
Thankyou for this explanation

[Anonymous No.53854283]

>>53853413
>Did my $2 buy order that got ignored is now a gap that must be filled?

you esl fags need to leave

[Anonymous No.53854332]

>>53853366
>What’s the logic for gaps needing to be filled?
None, because gaps must not be filled. Gaps are just another form of TA.

[Anonymous No.53854520]

>>53853366
There isn't a logical reason gaps are filled. Traders tend to assume that they will be filled and cause them to get filled. It's a self-fulfilling prophecy.
This also means that the CME gaps on the daily chart at 9.6k, 20k, 28.7k, and 35.1k will eventually be filled. No idea in what order though.