Sources of information

[boyptc]

Thank you very much guys! Awesome list of resources. Much appreciated.

The forum is also a good source that you can find out. Just like your post, you've got a lot of information that helped you out to expand the information that you want to intake.

Always browse through the forum with the right section for what you look at and for trading, it's either this section or the altcoins.

It is like this, there are many who share their analysis, in fact there are many threads in the speculation section that give advice, in WO they give you detailed information, there are many analyzes, graphics, thoughts and it is very funny too.

If you want to have information, it is better to do some good reading, I recommend the books by Wyckoff and Livermore, their experiences often teach and help make trading decisions.

Thanks for that suggestion.

I would do that someday but not this time. As you have said, there are many of those people who are sharing their analyses and in many ways.

And for this time, that would be enough.

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[abel1337]

Hello guys,

What are some solid sources of information you are using to take trading decisions?
I am new into Bitcoin/crypto trading and I'm pretty much basing all my decisions on what I read on CoinDesk and what I hear on the Ledger Cast podcast.

Please, do not auto-promote your new blog/twitter account 🙏🏼. I'm looking for stablished sources of information.

Thank you very much! 

One of my crypto news sources is coingecko which shows the latest crypto relevant articles, It's more like a compilation of the latest news from different websites. Aside from it, I am also using the good old CoinDesk.
If you want to get the news first, Try following the social media accounts of those projects you are interested in so that you won't get late incase you get FOMO yourself.

[1]https://www.coingecko.com/en/news

[wxa7115]

Hello guys,

What are some solid sources of information you are using to take trading decisions?
I am new into Bitcoin/crypto trading and I'm pretty much basing all my decisions on what I read on CoinDesk and what I hear on the Ledger Cast podcast.

Please, do not auto-promote your new blog/twitter account 🙏🏼. I'm looking for stablished sources of information.

Thank you very much! 

It seems that you are trying to implement some kind of trading the news kind of system and for the most part that is not going to work and the reason is that by the time you find out about a particular news powerful people already made their move so the market is already reflecting that particular news and it is too late for you to make profit out of it.

I understand the desire of newbies to try to make even more money than what the market can offer by simply holding your coins but once you have been here for long enough you understand that not only that is the safest path but ironically it is also the one that gives the most profits once you take into consideration all the fees and taxes that you need to pay.

[franky1]

using twitter drama and SMA EMA is NOT technical analysis. its deemed as TREND analysis

true technical analysis is studying bitcoins UTXO set of coins moving in the last 2 years (active circulation)
hint(utxo age distribution)

things you can learn:
if mass amounts move suddenly this can be a shift in/out of an exchange. which can indicate the supply in exchanges shifting up and down.
.....
by tallying up the coin amount and the market price at that date of last move. you can aggregate the data to form groups of how much coin last moved between 20k-25k 25k-30k 30k-40k 40k-50k 50k-60k
that way you can put a % sentiment against coins of what people deemed their worth at the last move. to then know what they are not going to dare sell below.

EG if only
2% moved $50k-$60k then 98% moved under $50k so 98% could happily sell down to <$50k and still profit
22% moved $40k-$60k then 78% could happily sell down to $40k and still profit
82% moved $30k-$60k then only 18% would dare sell all the way down to $30k

you can then set a sentiment line of what you think the bottom line which 80% wont go below. which in my example would be $30k
...
looking at the bitcoin richlist of addresses.
the more addresses with balance over 1k. means more people putting funds into an exchanges cold store. this is another indicator of seeing how much supply is going into exchanges
less addresses over 1k coins means the exchanges are doing withdrawals. so less supply on exchanges

..
then you can look at the bitcoin mining cost. and look at the cost of mining at 4cent.
calculate the cost. and set that as a bottomline miners will refuse to sell below.
remember if the price is low near cost. some miners(hobbyminers with higher costs) stop mining and instead buy.. as its cheaper and faster to buy at these times.. so a drop in sell pressure and a rise in buy pressure forms another bottomline support.
obviously when the price is high. miners will not be buying but instead mining. and they would be happily selling for profit. meaning expect prices to go down/not be sustainable to stay up high

once you form the indicators of these base value measures of support. you can then look at the price. and if the price is only 10% above value. then thats good. it means little chance of any further dips.
if the price is 300% above value. then there is alot of non-sustainable bubble. meaning expect a bigger risk of dips/corrections

once you can find a difference between price and bottomline+sentiment value. you can then see how much speculation(trend drama) is involved in this bubble area between value/price
meaning if its low.. then any news can spike a new high.. if its already highly inflated then more news may not affect it much.

then you can start playing around with trend analysis of moving averages to gamble on the ups and downs

[Coin_trader]

Hello guys,

What are some solid sources of information you are using to take trading decisions?
I am new into Bitcoin/crypto trading and I'm pretty much basing all my decisions on what I read on CoinDesk and what I hear on the Ledger Cast podcast.

Please, do not auto-promote your new blog/twitter account 🙏🏼. I'm looking for stablished sources of information.

Thank you very much! 

It seems that you are trying to implement some kind of trading the news kind of system and for the most part that is not going to work and the reason is that by the time you find out about a particular news powerful people already made their move so the market is already reflecting that particular news and it is too late for you to make profit out of it.

I understand the desire of newbies to try to make even more money than what the market can offer by simply holding your coins but once you have been here for long enough you understand that not only that is the safest path but ironically it is also the one that gives the most profits once you take into consideration all the fees and taxes that you need to pay.

What he is pertaining was fundamental analysis which trading base on the fundamental updates of the project he is following. This works 100% on crypto because most of the projects announce there project in advance and traders has time to react for it except partnerships ofc. You track upcoming updates on coinmarketcal for important upcoming events in crypto.

News is very powerful in crypto because of it was already proven since the the start of cryptocurrency.

[crzy]

When it comes to trading, I don't look for any resources because I'm too focus on the price trend of the specific project not unless there's a big news for sure it can affect the price trend and change the trend easily.

There's a lot of good indicators that you can use for trading, it can tell you when to buy and sell and when to hold. If you're looking for ways to learn trading, then you can find many good tutorials on youtube about trading, its worth to watch those videos. 

[CryptopreneurBrainboss]

Hello guys,

What are some solid sources of information you are using to take trading decisions?

These totally depends on what my trading strategy for the day was, if I was to catch the news then I stay updated with news outlets and trade the news. If the strategy was to trade the rumors, I try my possible best to follow the rumors usually I use twitter for this. (Example doge cryptocurrency is been rumored to be listed on coinbase soon which is why the price is surging, I'm still trying to figure out how authentic this rumors is and following every development so far).

Do understand this isn't some cheap ads for doge, it has no fundamentals and just want to make some cash off it, don't take my reply as a financial advice, I'm not qualified to give those.

Finally, if I was to trade new exchange listing I stay updated with channels on telegram offering such service. You'll be amazed by the success you can achieve getting this information before most others speculators does.

[mersal]

Cointelegraph,coindesk, coinmarketcap, coinase, etc, etc so the list goes forever means you can't decide anything based on particular news sites. Even a piece of news that is not completely related to crypto may affect the economical market and the cryptocurrencies as well.

I used to have coindesk app to get any updates about crypto but in general lurking around bitcointalk is enough to know the news anything related to cryptos.

[aysg76]

Hello guys,

What are some solid sources of information you are using to take trading decisions?
I am new into Bitcoin/crypto trading and I'm pretty much basing all my decisions on what I read on CoinDesk and what I hear on the Ledger Cast podcast.

Please, do not auto-promote your new blog/twitter account 🙏🏼. I'm looking for stablished sources of information.

Thank you very much! 

There are various sources available in the market but it depends upon you that which source best suits your choice and then act accordingly.They will only give you price prediction based on history charts, information with them that can affect the prices and other useful tools but most important is that how do you react to suggestions made by them and take action with your knowledge and skills.The best source is your knowledge,skills, experience and your plans.But if you are looking for some information sources then you can have a check on them :

- Cointelegraph
- CMC
- NewsBtc
- Blockonomi
- Cryptomaniaks( instagram page)

50 best crypto sources

Have a look at all of them and then make your choice.

[Peanutswar]

I think its better if there is no limitation if we want to learn from the old days we are using books and experience of other people but today it's not too much do instead we are using the Internet and with the search engines which gives us the information in just a second also one of the information you can still use as the experience of the people like here on our forum there is much user that can share their experience so they keep aware about the possible outcome if they are having a struggle with the same situation.

[TedMosby]

Currently, I used some information from these sources:
- coinmarketcap.
- twitter, just to check the hype.
- cointelegraph.
- coinmarketcal, to know some upcoming events.
- telegram group, only a few groups with real discussions.
- youtube, coin bureau youtube channel.

[Ridwan Fauzi]

Fundamental analyst is the first factor that you have to know before you make an entry to trade. You may have often to see some cases that techically its price will go up because there is some factor like candlestick pattern and some indicators which support that the price will increase.

But, in a few time the price movement doesn't run based on your analyst even the price just move the opposite. After you make a re-check then you find the reason why behind it, there is an information that change the market sentiment.

Yeah I often find the situation, so as I always make a habitation before I make a prediction based on technical analyst I'll see the latest information first. And until now I always use these platform for my trading plan like investing.com, cointelegraph and twitter account that I followed the popular person like Elon Musk and some US ministers that I think everytime they make a statement can changing the market sentiment.

[matchi2011]

Cointelegraph,coindesk, coinmarketcap, coinase, etc, etc so the list goes forever means you can't decide anything based on particular news sites. Even a piece of news that is not completely related to crypto may affect the economical market and the cryptocurrencies as well.

I used to have coindesk app to get any updates about crypto but in general lurking around bitcointalk is enough to know the news anything related to cryptos.

Lurking around the forum and make sure to have enough time to deeply deal with your research in any particular assets that you are eyeing to invest your money is more than enough.

This forum have it all if you are really aiming to find what project are good to place your investment, it's just you to entrust your money. Investing needs full reponsibilities.

[lichig]

using twitter drama and SMA EMA is NOT technical analysis. its deemed as TREND analysis

true technical analysis is studying bitcoins UTXO set of coins moving in the last 2 years (active circulation)
hint(utxo age distribution)

...

Wow Franky, Thank you very very much for putting that reply together, This is amazing information.
Very much appreciated, really!

[lichig]

Thank you very much for all the replies guys!
I consolidated all this into my notes and favs.

[goaldigger]

Thank you very much for all the replies guys!
I consolidated all this into my notes and favs.

Everything is good here, you should really have to analyze first our suggestion so you wont miss anything.
Some says their source of information is social media which I think should only be your secondary sources, in trading we focus on analyzing the price reaction everyday, we plot our chart and we do take necessary actions.

[Johnyz]

Thank you very much for all the replies guys!
I consolidated all this into my notes and favs.

Everything is good here, you should really have to analyze first our suggestion so you wont miss anything.
Some says their source of information is social media which I think should only be your secondary sources, in trading we focus on analyzing the price reaction everyday, we plot our chart and we do take necessary actions.

Depends if you’re trading seriously but if you just want a hype, then you can follow the tweet of Elon Musk and you can decide by there on when to buy and sell.

Seriously, there’s a lot of sources that can be use in trading decision mostly I used tradingview and Binance to plot my trading analysis, i know its not the real source but if you do have a list of good coins and projects then you can follow their social media accounts and wait for their updates.

[Yatsan]

I just roam around some crypto news I find online and I just do not stick into just one source for I have this kind of personality that I am not that contented nor convince having just one resource of information so I tend to verify it into other sources possible to support what I have read and clarify things out. I do also roam around different local and international news for they might be having an impact on how things work on the market so I keep myself updated into different sorts of news just to keep myself knowledgeable on how things are going around me. I do also use this forum of course to gather information from fellow users that I find helpful as well.

[isaac_clarke22]

~

I wonder if some reputated news articles tend to fake out a news just because they're paid to publish certain false info.
I guess I should do that also as you mentioned which is more than one source.
From my previous replies here, I tend to go general headlines in Google on how's Bitcoin doing lately. I am not into article site-specific one.
Because some just reiterate others news anyway.

[zanezane]

I just roam around some crypto news I find online and I just do not stick into just one source for I have this kind of personality that I am not that contented nor convince having just one resource of information so I tend to verify it into other sources possible to support what I have read and clarify things out. I do also roam around different local and international news for they might be having an impact on how things work on the market so I keep myself updated into different sorts of news just to keep myself knowledgeable on how things are going around me. I do also use this forum of course to gather information from fellow users that I find helpful as well.

That is the better way because it helps you sift out the truth from the sensational lies, contrary to OP saying that some Twitter account is not a good sources of information, not all Twitter accounts is a bad source of information, in this day and age use everything that you can get your hands on, take Elon's twitter, if you try to analyze his tweets which definitely can move markets, you can gain some good information.