On the stock market, when a stock opens a s significantly different price than the previous day's close, it is called a gap.
The market has a tendency to close gaps in price by revisiting the "missed" price region.
Even though bitcoin markets are open 24 hours, (so there are no actual "gaps") there are sudo-gaps, where the price action move too quickly for supply and demand to be fully established. Just like the stock market, bitcoin likes to close gaps. Look at the last 3 gaps on the chart!
The market has a tendency to close gaps in price by revisiting the "missed" price region.
Even though bitcoin markets are open 24 hours, (so there are no actual "gaps") there are sudo-gaps, where the price action move too quickly for supply and demand to be fully established. Just like the stock market, bitcoin likes to close gaps. Look at the last 3 gaps on the chart!
Every Sunday afternoon, I run my Algos (Currently on Version 2.3) on the last 120 days of FX data and generate 3 to 5 ignition levels that I use for my trading over the next week. Get them here: ignitionfx.substack.com/