Bump And Run Pattern
The bump and run reversal pattern emerges after a rapid and significant rise in prices due to excessive speculation.The pattern begins with an introductory phase in which prices normally move up without without any sign of excessive speculation.The trend line during the introductory phase is moderately steep.
Once prices have peaked and started to move down towards the trendline,the chart starts showing the right side of the bump.The volume increases after the lead forms on the left side of the bump.The execution phase begins when the prices reach the main trendline.
Beginner Tip
This is quite different from an analysis or a trade that we usually do in a short period of time. Because usually these position trades can be very long term. Often these trades can be extended for very long periods like days, weeks, months and years.
This involves identifying a long-term trend in the market and entering a trade according to a plan. Both Fundamental and Technical Analysis help in this.
But the daily price ups and downs in the market do not have a big impact on these trades. Since it is done with a long-term plan, there is no need to wait for what happens in the market day by day in this type of trading. Both Risk and Stress are relatively less in this type of trading
most popular and the best free crypto currency trading strategy | bearish | bullish | chart analysis | technical analysis | candlestick patterns | chart patterns by Dr.Trade
In order to invest properly in the Cryptocurrency Market and get good income, it is important to have a good understanding of the Coin we are buying. So we bring you this article which explains all the details about Cryptocurrency Coin.
By,
Dr.Trade