What are some successful examples of gap trading in the history of cryptocurrency?

3 answers

• May 01, 2022 · 3 years ago
  Sure! One successful example of gap trading in the history of cryptocurrency is the price gap that occurred on Bitcoin in July 2017. During that time, Bitcoin experienced a significant price gap between two consecutive trading sessions. Traders who recognized this gap and took advantage of it by buying at the lower price and selling at the higher price were able to make a substantial profit. This example demonstrates how gap trading can be a profitable strategy in the cryptocurrency market.
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• May 01, 2022 · 3 years ago
  Absolutely! Another successful example of gap trading in cryptocurrency is the price gap that occurred on Ethereum in January 2018. Ethereum experienced a sudden price drop, creating a gap between the previous day's closing price and the next day's opening price. Traders who recognized this gap and entered a short position were able to profit as the price continued to decline. This example highlights the potential profitability of gap trading in the volatile cryptocurrency market.
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• May 01, 2022 · 3 years ago
  Definitely! One notable example of successful gap trading in the history of cryptocurrency is the price gap that occurred on Bitcoin Cash in November 2017. After a hard fork, Bitcoin Cash experienced a significant price gap between the pre-fork and post-fork trading sessions. Traders who anticipated this gap and positioned themselves accordingly were able to capitalize on the price difference. This example showcases how gap trading can be a lucrative strategy in the cryptocurrency market. By the way, at BYDFi, we also provide resources and insights on gap trading strategies for cryptocurrency enthusiasts.
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