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?
It's hard to decide which news will pump or dump the market, usually very influential news appear once in a year and you can't be with news websites all the time. I've also noticed that every news website posts news later, after the market correction but the fact is that some people have access to news before they are published.
Most of the time, by the time you got the news - it would already reshape the market a bit, so it would be too late to do something.
Better yet is to look at the perspective of these news and how they would affect the coin in the long run.
Waiting to use the news to trade can be a good alternative to price action. But you can not always depend on the news because it does not have much effect on the general market. We can see huge impact of news in the Forex market not the crypto. The crypto market is growing to a level where news will be very important to every signal in the market. It is not bad using the fundamental analysis to trade in the market because it also have effect on the price of Bitcoin but we ding have to always depend on the news at every point in time. There are traders who are very smart in using news to make money for themselves before it spread and price starts reacting to the news.