Other traders use this statistic as a reason to take the weekends off, as prices have a high likelihood to stay relatively flat over the weekend. For example, when an RSI divergence forms, one could enter a trade targeting the CME gap fill. Because the price moved strongly during that weekend, the CME chart (on the left) has a higher open candle than its close candle formed on Friday, resulting in what we call a CME gapĪs with other trading systems, entering trades based on the CME gap should always be done in conjunction with other forms of analysis, as trades based purely on a gap are unlikely to yield positive returns.

The chart on the right shows the price action over that weekend, creating a gap due to the variation in the open and the closing candle. The BTC chart below visualizes price action over a weekend in January. In some cases, this causes them to miss out on great trading entries. This can have big consequences for CME traders, as some of the bigger moves happen right in that time frame. For most of their offering, this presents no problem, but Bitcoin keeps moving while the CME closes up the store. What Are Bitcoin CME Gaps?Īs said earlier, the Chicago Mercantile Exchange closes for the weekend, observing trading hours from Sunday (5 PM ET) to 4 PM the next Friday. Following that, the gap between CME’s trading hours and the 24/7 activity in Bitcoin markets offers some interesting insights as well. Previously, CoinMarketCap Alexandria published an article discussing the relationship between the CME’s Bitcoin Futures expiry and cryptocurrency prices.

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