Trading on the news is a strategy that is pretty self explanatory. To do this successfully you have to be keyed in to the financial news cycle at all times. While this approach may seem basic, and requisite to any kind of crypto trading, to trade with news developments as your basis of action requires quick analytical thinking and decision making.
If you are trading on the news, you are going to want to be in the loop with everything that could in someway affect the performance of the crypto market. If there’s political turmoil in China, you should be on top of it; if the S&P drops unexpectedly, you should be among the first to know.