CME gaps! They’re quite mysterious in the world of investing when it comes to Bitcoin. We’re going to talk about what they are and the lie that you’ve been told.
0:00 Intro
0:13 What Are They?
1:59 Examples
4:08 The Problem
8:07 Conclusion
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Sources:
https://www.cmegroup.com
https://www.tradingview.com/chart/BTC1!/0S048tqv-CME-Gaps-Bit-Squad/
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See me gaps they're quite mysterious in The world of investing when it comes to Bitcoin we're talking about what they Are and the lie that you've been told Let's get it Welcome to bit boy crypto my name is Ben Today we're going to be talking about CME gaps what they are we're looking at The history to find out if people have Been lying to you when they tell you That they almost always fill so here we Are on CME group.com this is the Chicago Mercantile Exchange website now when you Look here at this it's got all kinds of Different things you can invest in here You guys know my favorite everybody Knows what I want to invest in soybean Futures let's check out what's going on With the old soy boys man I tell you What I want to buy some of these right Now who doesn't want to buy some Soybeans but in all seriousness when it Comes here to the CME you got to Understand there's a traditional Market Which means that it closes it has Certain hours let's check out what the Hours are so you guys can see here the CME products and I don't know if this is Exactly right because I feel like I Remember them opening a little bit Earlier on Sunday but for all intents And purposes this will show the point Sunday 5 P.M to Friday at 5 45 pm it's Not 24 7. it's like 24 five and a
Quarter something like that is what it Actually works out to be I believe but The point is they're closed all day on Saturday and they have a close on Friday So this means that in the world of Crypto where Bitcoin is 24 7. and when You look at any Bitcoin chart you're Going to see a variety of charts you're Going to see the one minute the one hour The two day chart but there's never a Gap between an open and a close because The entire Market is fluid because it's 24 7. but in a world where you have an Opening price and a closing price with a Gap in the middle that means that that Opens us up for what we call the dreaded CME gaps now let's get into what some of These are here we have one Gap at thirty Five thousand two hundred and seventy Dollars we have another Gap at twenty Eight thousand seven hundred and fifty Dollars then we've got a little bitty Gap down here at about 11 350 dollars Then we have a big gap down here at About 97 100 supposedly now this is why a lot Of people thought that we got down in That 10 to 14 000 range we could push Down to the bottom what you have to Understand here about these gaps is that Traditionally these gaps get filled and You guys can see a lot of these Different times here where they got Filled so we had a gap right here these
Blue lines are gaps that got filled as You guys can see here this Gap was Around eighteen thousand uh four hundred Dollars back in 2020 and boom look we Filled it right over here much later in September of 2022. you guys can see how Long it takes these gaps to fill Sometimes it takes a really long time Sometimes they get filled pretty quickly But the question is what is this Gap Getting filled let's take this one for Instance here when you look at this here Was the closing price on Friday And here is the opening price on Sunday This Gap in the middle between these two Wicks this is what we call the Gap not Getting filled this means that in Between 23 855 to 26 180 dollars Remember CME this is an Institutional Level platform banks are using this Hedge funds are using the Citadel is Using this we'll see in a second they Have orders at all these different Levels they have Brokers that have Orders These orders need to be filled for their Calculation strategy for how much money They make at the end of the year they're Counting in getting certain numbers of Orders filled and when they don't get This filled the market tends to act like A buoy and pushes down in the case of a Gap that's lower to fill it and then Bounce back up so all those
Institutional orders got filled so that Is what we say when we mean filling the Gap now we're only going to go back to 2020 with these gaps here now why well Because originally there were the CBO e Futures and those launched in 2017 and Those were also gaps that had to get Filled as well but for the CME that We're looking at here like these haven't Been around for too terribly long of a Time so it doesn't go back to 2012 where We can see gaps getting filled or Anything like this I think maybe they Launched in 2020 maybe I have that Number uh wrong but I think that's about 2019 2020 somewhere around there so Here's the point a lot of these gaps as You guys can see here a lot of these Gaps have still not been filled we Showed you some over here we have one Two three we basically have four gaps Right now that haven't been filled five Gaps counting this one at 19k when we Talk about the 1990 CME Gap this is what We're talking about right here right in This Zone this is a new one that has not Been filled yet so when I've been so Adamant that we're probably going to Come down here and bounce off of this Line and go back up that's why now Here's a really interesting thing so Back when we were covering the story Back in 2020 we used to talk about this There was a number that people put out
98 of gaps fill well according to our Research for all of the research that We've done between all of these gaps It's actually now down to about 89 it's Less than nine out of 10 of these gaps Now Phil why is that important well Number one all the gaps to the upside Are always going to fill with Bitcoin Now we can't guarantee that but what we Can tell you about that is throughout The history of Bitcoin every four years We've seen a higher high so what that Means is as long as we continue on that Same pattern these ones on the upside Are always going to fill meanwhile when You look at these on the downside I Don't think we're probably at this point Ever going to fill a 9665 Gap I don't Think we're we're potentially ever going To fill this one here even though it's Just a tiny little bitty 25 Gap makes Sense that we may not fill that one but I don't think we're going to fill that One because I don't think Bitcoin once We go through another Bull Run is going To come back to these levels so what This means is since they're all going to Fit on the top side this means that more And more more and more of these gaps on The bottom side have not been getting Filled so while we're looking at this Number and saying 89 percent of them Fill well it's starting to be more like 80 on the downside now 80 is still
Overwhelming majority but it's not the Same as 98 this number that we were lied To about for so many years that people Always refer back and were they trying To lie not necessarily but it's just Information transfers where somebody Says something that's 98 when they Looked at it it was true someone else Says it someone else says it someone Else says it it becomes kind of a meme People don't even understand it's not True anymore now the question is are we Going to fill this 990 dollar Gap It depends if we come up to this Gap if We fill this Gap up here at 28 000 or God forbid we were to come up to this Gap at 35 000 fill it we may never get Down here below this again now the Average price for this year for this Bear Market is probably going to end up Being somewhere around 21 22 000 you Look at the 19 000 Gap that came up this Year and you say Ah you know what that's right under the Average price for the year Come here and you look At the accumulation year uh the Beginning of 2020 end of 2019 what was The average price for Bitcoin probably Somewhere between seven and ten thousand Dollars and look right there nine Thousand six hundred and sixty five Dollars when it started running it never Came back to this number are we going to
See the same thing with this nineteen Thousand I think it's definitely Possible not going to tell you it's Probable I still think it's about a 50 50 chance that we fill this cap and guys Don't forget if you enjoyed this video Don't forget to subscribe to the big boy Crypto YouTube channel a lot of y'all Are guilty of watching and not Subscribing I'm watching y'all and You're watching me too the only short of It guys no pun intended here is these Gaps are important they do fill most of The time they don't fill every time the New number we've got is closer to 89 It's no longer 98 I would apply that to The downside say on the downside it's More like 80 and the top side it's more Like a hundred percent to what we've Seen so far so take that information and Do with it what you will if you want to Look up this chart on coin marketing cap It is BTC one exclamation point and you Can find it from there that's all I got Be blessed way out [Music] Thank you [Music]
