Post
Topic
Board Trading Discussion
Re: Trading With Bitcoin news
by
Cryptmuster
on 11/10/2024, 07:17:25 UTC
I am looking for opportunities to scalp/trade when there is indecision in the market…for example before powell speech bitcoin was ranging so I made some good profits trading within the range...are there any other opportunities when there is indecision in the market apart from hours before Powell speech?

Of course there is, Bitcoin is subject to news influence, starting with news about selling Bitcoin (like it was recently when Germany sold all its Bitcoins) and ending with geopolitical instability, like the conflict in the Middle East. But my opinion is that using news for scalping is not the best idea, because even during Powell's speeches, which you mentioned, there are strong price movements up and down, so it can be a game of luck in which you can both make and lose.