Hey Luc,
Firstly, I would like to express my thanks for all the time you spend to try and assist us in understanding how the world of CryptoTrading behaves! The insights have really sped up the learning curve for me.
I've noticed that what is happening in the world re CryptoNews really affects spikes/ drops hugely. Just recently a news bulletin popped up (in Coinigy) about trading volumes on Korean exhanges surging and essentially being the reason that BCC is spiking.
My question to you would be, is there a good site that you use to catch these type of alerts sooner? Although that news from Cryptocoins is interesting, it would have been more interesting had i received it a day ago ahead of the surge. Maybe my example isn't the best, but I was still wondering if you follow any particular site that assists you in 'being ready' to catch a spike or drop?
Thanks again!
@dsel - luc's trading method doesn't rely on news, he pays attentions to charts and how the markets react. Of course if there is major news that everyone is aware of like the. Itcoin split that's a different situation... but for the most part, he preaches trading of charts rather than news. And I would agree.
Thanks Tizzle. I have been following him and agree with what you are saying. I was just curious to know if there was a particular news feed he followed re Crypto. Always good to be kept reliably informed!
Apparently I wasn't looking at the fastest news feed. Turns out rumor is that Bitcoin cash surged in price because they recently mined an 8 megabyte block vs they're regular 2 megabytes size and mining was soon to become more profitable mining Bitcoin cash than Bitcoin which happened a little while later today. What I'd like to know is if the price of Bitcoin falling during this time was inspired by the increase in Bitcoin cash price?
Is it just me or are BTC and ETH following the same pattern on their charts?