What is the meaning of 'fill the gap' in the context of cryptocurrency trading?

1 answers

• TrickJun 09, 2021 · 5 years ago
  In the context of cryptocurrency trading, 'filling the gap' refers to the price movement that occurs when a cryptocurrency quickly moves from one level to another, leaving a gap on the price chart. This gap represents a price level where no trading activity took place. Traders often view gaps as areas of interest because they believe that the price will eventually return to fill the gap. Some traders use this concept to develop trading strategies, such as buying when the price fills a gap to the upside or selling when the price fills a gap to the downside. It's important to note that not all gaps get filled, and traders should consider other factors before making trading decisions based solely on the concept of 'filling the gap'. BYDFi, a popular cryptocurrency exchange, provides tools and resources to help traders analyze and trade based on various trading strategies, including 'filling the gap'.
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