Do Not Trade By The News, Follow The Price Action

[greeklogos]

I tried to trade this way and if it worked at first this year is totally negative to me and all of my trying. Positive news on crypto market do not make the same effect like they used to before, but negative ones are still worjing. I gave up about trading at all, I suppose you would do the same on my place, I am in a deep minus currently.

[BTCappu]

Following news is also very important. Because it is news about the update of market conditions that occur. and it becomes a consideration for investors or trading in taking positions for trading or investment. if you ignore it then you can get a loss. because this is an important thing to note

Here I must say the credibility of news is carrying a vital role. You can’t just follow the news blindly. Because most of the times this news is affected with personal interest. Sometimes on individual basis and sometimes on media houses. There might be some political element running behind the scenes either to uplift the market or down it.

[moneymakescents777]

I followed the price action on CanYa coin CAN all the way down to 0.04 cents usd then pounced like a kitten, now it’s time to roar like a lion https://canya.io

[velive08]

following price action can be one of the best ways to continue to trade and still be able to control prices. news is sometimes not in the best position, so I think this is something that we have to examine more deeply so that when trading we can see prices in real terms.

[Zooplus]

following price action can be one of the best ways to continue to trade and still be able to control prices. news is sometimes not in the best position, so I think this is something that we have to examine more deeply so that when trading we can see prices in real terms.

Following the news is very important but we should always consider analyzing the news to make a better decision.
Trading can be anytime we feel we are comfortable with buying or selling, what's important is that we learn because there are a lot of deceivers
in crypto, so we need to mature to be clever.

[Viper_Unleashed]

Fake news and people hyping a particular coin and some idiot you tubers are being overloaded now-a-days.Crypto market is such a volatile platform it always involves as normal trading theory does not always acts for cryptos .Ressistance/support levels all doesn't seem to comply .
"The trend is your friend, till the end when it bends."
Nowadays people are more fascinated with the crypto industry since the price skyrocketing.The rising demand for cryptocurrency has made it one of the favorite asset of the top class investors.Only one tool I find a bit useful i.e Fibonacci retracement.

[Tipsters]

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.

This is a technical side of trading and yes should be supported by some speculations only like news and other fundamentals. The primary bias should be either technical or fundamentals.

[electron-coin]

Fake news and people hyping a particular coin and some idiot you tubers are being overloaded now-a-days.Crypto market is such a volatile platform it always involves as normal trading theory does not always acts for cryptos .Ressistance/support levels all doesn't seem to comply .
"The trend is your friend, till the end when it bends."
Nowadays people are more fascinated with the crypto industry since the price skyrocketing.The rising demand for cryptocurrency has made it one of the favorite asset of the top class investors.Only one tool I find a bit useful i.e Fibonacci retracement.

In fact, many technical analysis tools work in the crypto market. After all, whatever you say, it’s still the market and the participants in this market are ordinary people, with the same psychology as participants in any other markets.
But you correctly noticed. The crypto market is very volatile. News here plays a crucial role. There are also a lot of fake news. Therefore, a reasonable strategy should include both technical, fundamental and news analysis, in my opinion.

[evforster]

I followed the price action on CanYa coin CAN all the way down to 0.04 cents usd then pounced like a kitten, now it’s time to roar like a lion https://canya.io

I didn’t know about this coin but what I have knowledge about crypto, you must have bought this coin at that very moment. This could have helped you to make a strong future.

[BartS]

If your a trader you have to be watching the news and the price actions. But while trading you have to check out the price actions, because the price in the market will not be same, it will be fluctuating daily.

Many prefer to not follow the news because there are simply too many news to follow, can you imagine trying to follow every single news if you are trying to trade 10 markets, it is already very difficult to just trying to follow the developments that happened in bitcoin can you imagine following the top 10 markets and trying to get to know every single news that is out there? Is going to take you an eternity to do something like that and many people simply do not have the time to do it.

[fulmetal08larz]

The price action is somehow affected by the news. Also, the people's emotions affect the price action. We don't even know if there really are manipulators which controls the market. Whatever is happening, we must anticipate the next move for us to be able to follow the price action to be effective in trading.

[Renampun]

it is very impossible because professional traders usually follow the news before making a sell or buy decision, only a few sell or buy by looking at the price action.. but I have noticed that trading in cryptocurrencies is very different from trading forex, stocks or commodities, News doesn't really affect the price changes..

[anume123]

Some people says that bitcoin will rise up this month of december but until now bitcoin's price not already recover same to other altcoins that still going down their price until now.

[Bunsomjelican]

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.

As a trader honestly, it is really much better to do the actual trade in the platform while observing other players how they react when the market is moving. You can see in the monitor that if the price are movable whether getting higher or lower you can learn there quickly base on my experienced, never give your attention in the news which you might heard only to some of the community here.

[Arthurian60]

Following news action in your trading is a wrong move. People can cause fud in order to buy dip. Sometimes news are released to get people to panic sell. That process help to shake out weak hands from trading. But when you follow price action, you know when to exit and trade and when to enter.

[thinkright]

Trading is mostly about price action. Other options are means of confirmation. It best if you use price action in your analysis and use indicators and other factors as confirmation to your trades.

[Yamifoud]

Some people says that bitcoin will rise up this month of december but until now bitcoin's price not already recover same to other altcoins that still going down their price until now.

We meant to have a bull run next month as it mostly happen in previous years but it looks like 2018 is totally different from them and we can't expect any huge pumps. But isn't the way we loss our hope and leave crypto,  we can experience such bullish again in the future(cant tell when).

[CryptoMoar]

yes, a lot of news only makes someone want to buy when the price is above. and finally the news did not match what happened on the market, and the traders suffered losses because they believed too much in the news. it's better to do analysis and speculate on your own by comparing demand with supply. now the market is too difficult to predict, and too much news is plunging traders. so do not be too confident with the news, before you become a victim of a news story.

[shoreno]

Following news action in your trading is a wrong move. People can cause fud in order to buy dip. Sometimes news are released to get people to panic sell. That process help to shake out weak hands from trading. But when you follow price action, you know when to exit and trade and when to enter.

Following news can also beneficial because it can give us a hint on what will be the next move of a certain coin but if the news doesnt match to the market situation then that is a high probability that the news you have read is hoax .  there are too many of them right now and most of them can be found on social media sites especially in facebook .  thats why we must be careful enough , better check the news if it has a reputable source and thats the time you can decide if you will buy or sell a crypto .

[gurang]

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.

never depends your trade on news because most of that are fake and it cannot help you to enter in a good market, always base on the price and make sure if that is not low price