It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
As a trader like me, I usually based my trade on the actual price happened in the graph. And so far so good, I've been doing this for a years too.
The result was actually good to me and gave me a good help too to all my expenses in my daily life. Just all I can say, do some research about the coins you are going to trade in, and lastly an altcoins that are listed at the top 10 in the coinmarketcap is an advantage.