How to Trade Cryptocurrencies following Crypto Related News as a Trading Strategy
.png)
Background Image Source- Canva.com/Location
Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyser. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
.gif)
 |
|---|
At present, Crypto-Related News is doing a significant effect on all the Cryptocurrencies including Bitcoin and other altcoins. Because a single Crypto Related News can change the entire movement of any Crypto asset within a few minutes or hours. Basically, that can be defined as the power of a Crypto-Related News.
Sometimes we can see a Coin or Token doesn't follow its movement technically but it follows very sharp fundamentally. As an example, if the result of our Technical analysis shows a strong bearish movement in the chart as the next step, it will not work if there is any positive news for the relevant asset. Then the market will be reversed unexpectedly due to that Crypto-related News.
When Crypto projects introduce a new feature for their Blockchain or any other related modification, they publish News for that modification or new feature through social media or on a New providing site. Because of that news, many Crypto Traders and related Crypto fans tend to purchase these Coins or Tokens more than the normal quantity.
On the contrary, when a popular person or any other related person for that project publishes bad news for that project, many Crypto Traders and related Crypto fans tend to sell these Coins or Tokens more than the normal quantity. This is the basic positive and negative impact on these Cryptocurrencies based on Crypto-Related News.
As I described above, Crypto-Related News can be taken as a positive impact on the related Crypto asset if it has positive news consistently. However, as a result of positive news for any Crypto project, the value of that Coin or Token will be increased rapidly. With the help of this Crypto news, we have the ability to protect from fake Crypto projects as nothing can stay without single news.
If we don't have much knowledge to do the technical analysis part of any Cryptocurrency project, we can easily do the fundamental analysis part by searching for good news related to that Cryptocurrency project.
If we are able to follow both the fundamental part and technical analysis parts together, we have a higher possibility to win many Trades with the help of these Crypto News and Technical analysis knowledge.
First of all, I will take our most familiar STEEM coin as an example to demonstrate this Crypto Related News Trading strategy.
I think you already know that the Binance had officially announced for adding STEEM/USDT pair as a Trading pair in their exchange. So, considering the popularity of this exchange, this is huge news for the Entire Steem project and as a result of this news, the value of our STEEM coin had gained a good movement as compared to the past.
Below I have included a screenshot of that News announced by the Binance official platform.
 |
|---|
According to the above screenshot, we can clearly see that the Binance has officially announced positive news for adding a trading Pair for STEEM/USDT pair. As the Binance exchange is the largest Cryptocurrency exchange in the world, this news had a good positive impact on our STEEM coin and we saw a good movement in the value of the STEEM coin.
Below I have attached a screenshot of the STEEM/USDT crypto chart taken from the https://www.tradingview.com platform.
 |
|---|
Finally, you can clearly see the real impact of any Crypto News through the above-explained example. So, we can understand the value of this Crypto news and we can use that news as a Trading strategy to trade any Cryptocurrencies. We can in touch with these Cryptocurrencies which have good positive news and we have the ability to gain higher rewards.
I have explained all the above-explained facts through my own experience and I didn't use any sources to explain those facts.
10% benificiary set for @tron-fan-club
Twitter Shared
https://twitter.com/moneyster12/status/1520086160797839362?s=20&t=UBbJ9OUlrUdyLsKYTp101w
Following your post has been really interesting. You have yet nailed it again in this post on how to trade cryptocurrency using News headline. I want to believe this is key and sometime not taking note of crypto news headline could override ones T.A if not careful. Thanks for sharing.
Thank you very much for your detailed response. It really motivates me to do a lot of new articles like the above one.
I think for now various strategies are useless because the market is being destroyed especially if BTC moves down 😅😅😅
Just my opinion
Yep, you are correct. Because there is a lot of bad news for BTC nowadays.
Even so, of course, we must be optimistic because this has indeed happened in the last few years.
Of course, you are correct. Thank you very much for visiting my article. It means a lot to me.
I like your posts very much and they are very instructive. I always enjoy your post.
Thank you very much for your positive comment on my article. Stay with me to read more valuable articles like the above one.
I enjoy reading your writings and find them to be very informative. I always look forward to your posts.
Thank you very much for your motivational comment brother. Of course, stay with me to see a lot of valuable content.
Note: You must enter the tag #fintech among the first 4 tags for your post to be reviewed.
Thank you very much @fredquantum
Well said sir Crypto news are very important irrespective of the current market mood. A single good news about a coin can signal an uptrend it can also go the other way. An example is the recent news about Elon musk Twitter news which we saw doge rise with a huge percentage. Thank you brother this is a really good post.
Thank you very much for your detailed comment brother. Of course, he has the ability to manipulate the Doge Market through a piece of single news.
Didn't know that cryptocurrency news was tgis important in trading i will be signing up to many crypto news letter
It seems like everyone is now focusing on technical analysis thus forgetting another form of analysis which is the fundamentals.
You have really tried in brining us back to this aspect of analysis. Thank you
Definitely, everyone is now focusing on technical analysis thus forgetting another form of analysis such as the above-mentioned facts. Thank you very much for your positive response.