Do Not Trade By The News, Follow The Price Action

[Oilacris]

I do not agree 100% by that statement. I mean I agree that price action has the most important data for us to trade however the news are giving us small trade options as well.

It doesn't change the price that much anymore (unless ETF gets accepted eventually, which will affect the price insanely) however it affects the price a bit, you do not have to look for news that is basically mainstream media as well, look at the crypto world news, for example the other day some exchanges stopped dealing with tether and some dude sold all of his tether to buy bitcoin and all that which means it is still "news" but it is not news like ETF that airs on mainstream media as well. So I say watch out for news but watch out for the news basically inside the crypto world and not mainstream media news about it, that way we can still trade accordingly and be profiting from it.

Just basing on observation when it comes to ETF hype most of us do believe that this do really affects bigtime on bitcoins price it doesnt really matter actually.Fundamentals are
good to used up when it comes to this very speculative market which you can really apply but utilizing it would really be hard because a certain news might or might not able to
influence the price.

[Timmzzy]

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. 
 Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

I think most traders do trade only by FA, in which I will recommend a good trader to have a good knowledge in both Fa and Ta. Not only to trade by the news. Good FA in terms moves the market and can as well dump on you. So the best part is to have a good knowledge of the New ( Fa) you received and analysed it along with Ta.

[Nhebu]

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. 
 Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

But there are also times that we need to rely on news, why? Because we will predict not only the price but we will look for the mentality of the people. Sometimes, what we see in TA is reverse in what really happens. In my opinion, we must depend on both things, FA and TA. So that, we can trade as better as we can.

[upsidedown75]

Listening to news is not a good thing to do when you are into trading. If we believe in the news it will lead us to some bad decision that we will regret if bad thing happens. We should only rely on our own skill and knowledge in trading. Because no one can help us when we lose our capital.

Honestly, as far as I am concerned, even though you cannot do without them to keep tabs of what is going on around you, they can be a distraction sometimes, but the most important thing is to bot pay much attention to most especially some negative news and then use that to make some market decisions.

I have always believed in using price action in making decisions in market over the years, and that is something that has always worked pretty fine for me and not news. Sometimes, the only thing news can give you may be the ability to see some fundamental potential in the long term holding of some coins, but even at that, I want to be buying at a good spot.

[richmcrich]

Not all news are true, some of them sometimes is just a way of hype to get the attention of the community to convince them to buy the coins they are endorsing it. Though, there are some news are still true but few only, it is still good to base our analysis on the actual scenario on the trading platform as much as possible. In this way we can enhance our skills on it to improve more ourselves in doing trade.

Price action will always be the best way forward. Just like someone rightly said on this same thread that what you see is what you believe. I totally believe in that a lot.

When you are focusing on what you are hearing most of the time, it tends to even cloud your judgment, and looking at the way news have never really been of help lately for a while now, I so much think it is not even what any investor should be basing their decisions on unless they verify but even at all that, whatever you need to know in a market, price action will always give you the information and the clue which is why data anyway still remains the best.

[MRY]

to be able to get profit on trading then we must be able to read and analyze the market well, see if the coin movement has good movement and has the potential to get profit or not, so you should be able to find the right coin and it will be profitable

[BartS]

Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon.
That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.

This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it.

[Viper_Unleashed]

Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon.
That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.

This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it.

Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading.

[yohaneshs]

Technical and fundamental is a important thing in trading
You can not using one and decline the other, they are a one packets analysis to know market movements.

[JSRAW]

.....

Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading.

but we should not forget that its not that easy to learn charts if one is newbie. and even sometimes charts can $&%@ us up.

to be able to get profit on trading then we must be able to read and analyze the market well, see if the coin movement has good movement and has the potential to get profit or not, so you should be able to find the right coin and it will be profitable

While its true but it becoming cliche now. let's say it's very easy to say but very hard to implement in reality. that's why 90% of traders lose their capital.

[Bustart]

Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon.
That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.

This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it.

Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading.

The price actions will have a very exciting scenario which will bring fort an assurance for our holdings to grow faster. Trading    through the news updates isn't a recommended type of reference. We should act independently so that we will be able to avoid that feeling of emptiness, because that would rather make your regret during the times of downfalls.

[BitcoinCommodor]

Following the price action is more safe as news also  has volatility because there are many entities nowadays release fake news to manipulate the market for their advantage. That is why it is better to do your own research and analysis and follow the price action.

There is something called deciding by speculating in the market concept which is instrumental in enabling people still hold their coins and forgo their trade for a good future profit than what they could earn in the current market. In such situations, you ignore what the market depicts and signals and rather go behind the concept of your intuition which often pays off. The market signals are great in giving an insight into why the price will be high or low.

[awik p]

Following the price action is more safe as news also  has volatility because there are many entities nowadays release fake news to manipulate the market for their advantage. That is why it is better to do your own research and analysis and follow the price action.

There is something called deciding by speculating in the market concept which is instrumental in enabling people still hold their coins and forgo their trade for a good future profit than what they could earn in the current market. In such situations, you ignore what the market depicts and signals and rather go behind the concept of your intuition which often pays off. The market signals are great in giving an insight into why the price will be high or low.

indeed, if you follow news, of course it is used for short-term trading. because if price reacts against trend, then after that price will return to its path. so trading with a safer trend

[ubercool]

Or you can do both, You need to know where the supports and resistance is as well as understand what the team is doing, developments and also how the community is feeling about the project. Then only you can take advantage of the market and earn.

[pieppiep]

the way that you mentioned is true but you should be able to see some previous cases of bitcoin prices and some other altcoins experiencing price increases when there is good news, so to be able to influence cryptocurrency price movements the news circulating in several media can also trigger prices rise and fall. cryptocurrency.

[Inikoo]

True, sometimes it is simply too late, when you hear about the news, and sometimes the crowd has not react, as you would expect. But all together, I would not recommend to ignore the news, instead just try to judge them wisely, and take into account other thing too.

[EdenHazard]

Some news are just giving you negative or positive view about cryptos. If you believe the news about certain events that can make your trading yield a very good profit, it's much better if you also crosscheck it for yourself whether you will buy the news or not.

A trader must be able to distinguish every information or every news that comes, this is the most important factor one can get profit when they trade. I don't think that TA has great power to change price movements. Every trader is more dependent on fundamentals, they use fundamentals as a benchmark between buy and sell. If you do not believe this, you can prove that when positive information comes the price changes will decrease or rise.

[babykika2027]

in the fact that the news that is spread is enough to affect prices, such as news about updates from the project itself, in practice it really requires special expertise to analyze prices in trade

[$anounimus$]

You want to trade when there is news that is very good but you have to be careful because when you trade when there is news the price has risen to be expensive and surely you will be stuck at a very high price because you buy when the price is high, better you trade when prices are still very cheap. and when there is good news you only need to sell it at an expensive price.

[pedangrusak]

news is fundamental and is one of the dominant price formers in crypro, whether it's good news or FUD. being a winner in the market is very difficult because all want to profit until there is a lot of fake news and benefits some people. seeing from many points of view will make you more able to understand the direction of the news and the formation of coin prices in a fundamental market