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What is the meaning of gap fill in the context of cryptocurrency stocks?

Melissa13May 06, 2022 · 3 years ago3 answers

In the context of cryptocurrency stocks, what does 'gap fill' refer to?

3 answers

  • May 06, 2022 · 3 years ago
    Gap fill in the context of cryptocurrency stocks refers to the process of filling the price gaps that occur in the trading charts. These gaps occur when the price of a cryptocurrency stock opens significantly higher or lower than its previous closing price. Gap fill is the term used to describe the subsequent movement of the price to fill in these gaps and bring the chart back to a continuous line. Traders and investors often pay attention to gap fill as it can provide insights into market sentiment and potential trading opportunities.
  • May 06, 2022 · 3 years ago
    Gap fill in cryptocurrency stocks is like filling in the missing pieces of a puzzle. When there is a gap in the price chart, it means that the price has jumped from one level to another without any trading activity in between. Gap fill refers to the movement of the price to fill in these gaps and create a continuous price chart. It is an important concept for technical analysis and can help traders identify potential support and resistance levels.
  • May 06, 2022 · 3 years ago
    Gap fill is an important concept in cryptocurrency trading. It refers to the movement of the price to fill in the gaps that occur in the price chart. These gaps can occur due to various reasons, such as news events, market manipulation, or sudden changes in investor sentiment. Gap fill is often seen as a sign of market efficiency and can provide valuable information for traders. It is important to note that not all gaps are filled, and traders should use other technical indicators and analysis tools to confirm the validity of a gap fill.