You can make a profit off of the mispricing and misjudgment of others.
Better knowledge exists in many ways, not just insider news/current events. Example: I understand what hashing algorithms are, the difference between Proof of Work and Proof of Stake, therefore I may be better at judging the feasibility of a cryptocurrency and thus better at valuing it.
What I think OP was asking for is strategies to beat the market by buying and selling at the right time. I don't have any strategies like that, and would advise against following any such "strategies."
If OP wants to take regular income from investing, the smartest thing to do is just invest in businesses that pay regular dividends. Unfortunately, those stocks are all very expensive now, but as they say, "them's the breaks." I personally only invest in crypto and don't take any income from it.
I'm not really asking how to time buys and sells. I'm asking for models or strategies that traders might use alternatively to graph reading. Ex. event driven strategy (trading on news and rumors).
I'm definitely no authority on it but I would highly recommend Warren Buffett's essays on investing.
I was hoping for day trading strategies.