Analyzing Bitcoin Economic Reports

What Are the Different Types of Cryptocurrency News Strategies?

Cryptocurrency News Trading - bitcoin economic news reports released often evoke strong bitcoin market moves thus creating a lot of short term bitcoin trading opportunities for breakout bitcoin news traders.

However, not all bitcoin news reports are tradable. Some of the bitcoin news reports have a significant effect on the bitcoin market while other bitcoin news reports do not have any effect. By looking at the bitcoin calendar - bitcoin news traders can find out the significance of the upcoming bitcoin news reports, find out whether the economic bitcoin news report is worth trading or not.

The different bitcoin news reports are marked in terms of significance. There are three levels of significance: RED, ORANGE, GREEN. The most significant bitcoin news reports are marked in red: the least significant are marked in green, while those marked in orange are in between.

There are two general analysis techniques to trade bitcoin news: News Analysis Methods

Trading the bitcoin breakout channel

Cryptocurrency News Traders simply set Buy and Sell pending stop cryptocurrency orders on both sides of a bitcoin price channel, so when the bitcoin news data comes out one of the pending orders will probably be hit. Although this bitcoin news method is very simple, it also carries real risks of potentially hitting two orders of Buy and Sell as the btcusd market is shaken by the bitcoin news report and there is bitcoin market price volatility. In such a double hit situation bitcoin news traders will make a loss on one of the bitcoin trade or sometimes even both of the cryptocurrency trades.

By analyzing the bitcoin news report

Cryptocurrency News Traders can predict most likely outcome of the bitcoin news by analyzing the bitcoin calendar fields labeled as Forecast and Previous. These figures are then compared with the bitcoin news data reports released to give an idea about the current economic situation.

Cryptocurrency News Traders watch the bitcoin news report and pay attention to the actual numbers of the bitcoin news report released. If the bitcoin news report numbers come as a surprise meaning the bitcoin news reports are not close to what was forecasted or expected, then bitcoin news analysts opening bitcoin position according to the bitcoin news reports. If the bitcoin news report released is better than expected then bitcoin news traders open Buy Long positions. If the bitcoin news reports released are not favorable - bitcoin news traders open Sell Short positions.

The most important thing you have to know about bitcoin news analysis is the btcusd market expectation of an economic bitcoin news indicator. Economic analysts provide a prediction of a probable number of the economic bitcoin news indicator to be announced. This has an impact to the bitcoin market and bitcoin news traders are positioned accordingly. When the economic bitcoin news indicator is announced it affects the bitcoin market only when the bitcoin news report is different from what the bitcoin market expected. That happens because every data of the bitcoin news report available to the public information is already taken into account when trading.

Various Types of Cryptocurrency News Analysis

The best bitcoin news analysis strategy, is one that is based on the bitcoin calendar to time when the bitcoin news release are to happen so as to trade these bitcoin economic data reports. A bitcoin news trader will keep a schedule of these bitcoin report news release times and prepare how to bitcoin trade the data before and after the bitcoin news data report is released.

A bitcoin news trader can get the specific times of when bitcoin news data reports are to be released by observing a bitcoin calendar. The bitcoin calendar contains the time table of when bitcoin news data reports are bound to be released. The bitcoin calendar is compiled by Financial Analysts and Economist who study the bitcoin news reports and economies of the world. This Bitcoin Economic Calendar will show the timetable for all the bitcoin news releases scheduled for the next 30 days.

By having this bitcoin calendar a News Trader can schedule when to trade these bitcoin news reports well in advance. To obtain a copy of this bitcoin calendar a bitcoin news trader can search for "Cryptocurrency Calendar" and you will find a couple of these bitcoin calendars online hosted on various online bitcoin web sites.

An Economic Cryptocurrency Calendar will normally have three readings:

Previous Reading
Forecast Reading
Actual News Report

Previous Reading - This piece of the bitcoin news data shows the previous value or reading of a previous bitcoin news reports. Most bitcoin news reports are in the form of numeric numbers or percentages.

Forecast Reading - Forecast shows the value for the bitcoin news that economic experts predict for that particular bitcoin news report. This value is forecasted way before the date of the economic bitcoin news data release. Economic Analysts and Financial Analysts will put across their forecast.

If the forecast number is better than previous reading, News Traders will place a buy bitcoin trade associated with the good forecast
If the forecast bitcoin news report number is worse than previous reading, News Traders will place a sell bitcoin trade associated with bad forecast

Actual Cryptocurrency News Release

This is what will determine if there will be a large bitcoin price movement or no bitcoin price movement at all.

If the actual bitcoin news data release is same to the forecast, then there will not be a lot of movement, this is because bitcoin news traders anticipated this info and have already traded the news even before the actual economic report was announced.

If the actual news release isn't the same as the forecast predicted, this will come as a surprise to the bitcoin news traders, if the forecast predicted and actual bitcoin news data release is not the same then, the bitcoin news traders will have to adjust their cryptocurrency trades according to the news report released and this will cause a bitcoin price reversal in the opposite direction.

If likewise the actual bitcoin news data report was way better than expected, then the bitcoin price will continue moving towards its direction and the bitcoin price will gain more momentum towards that direction. Likewise if the actual bitcoin news report is worse than the forecast predicted, bitcoin price movement will also continue in the same direction as that of before the bitcoin news report release and this time gain further momentum and move further towards that direction.

Example - News Example:

When the new bitcoin news information is announced then it has impact on the btcusd market only if it is different than expected forecast. If the bitcoin news data information is as expected then it has no impact on a bitcoin price movement because the information is already available to the public and it has already been taken into account when trading the bitcoin market.

In order to use bitcoin news analysis, bitcoin news traders should first learn and know economic bitcoin indicators - bitcoin economic indicators. Calendar containing all the fundamental btcusd indicators is created by economists. Economists also use this Economic bitcoin calendar to predict different bitcoin news reports. These bitcoin news reports predictions are provided by market analysts. These bitcoin news reports can have great impacts on the btcusd market. Bitcoin news traders will watch out for bitcoin news announcements that have a great impact on the bitcoin price moves.

When are bitcoin news reports released? Types of Cryptocurrency News Analysis

Different Types of Cryptocurrency News Analysis - BTCUSD Crypto Fundamental Analysis Strategies

Types of Cryptocurrency News Analysis - Different Types of Cryptocurrency News Analysis - Types of Cryptocurrency News Strategies - What Are the Different Types of Cryptocurrency News Strategies?

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