How News Affects Crypto Prices
Too Long; Didn't Read
It might look like one of the simplest strategies on the market. It requires only two actions from the trader:
1. To buy on good news. Good news will more likely attract the attention of other market participants and give investors hope for growth. This means that after the release of good news for some asset, its demand will increase and prices will go up.
2. To sell on bad news. Bad news works the other way around. They show us problems of some project which increases the risk of investment. Many traders would like to sell risky assets or at least reduce their share. Due to that prices will go down, which means that you need to sell before the price collapses.