The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Sideways market is most dangerous and Bitcoin is going though a sideways trend currently, it is advisable to trade bitcoin in current situation until it finds a clear trend. Although in my personal opinion its the right time to buy Bitcoin and hold it for a long time,it may give good profit but nothing is certain in this market so always do a proper research before investing your hard earned money. Day trading or short term trading in such trend is not recommended at all unless one has very good knowledge of trading ranges. I advise you to go for some long term investment.