Chapter 2 - Knowledge is PowAHHH if you use it right..

Hello GUYS!!! Im back!

Guess who made another 25USD today! Thats right, it's me! Wooohooo. Oh man, i cannot tell you guys how thrilled i was! It's like, i finally attained transcendence and became some immortal being that could accomplish anything. Come on guys, as long as there are signs of achievement at the start of something, you feel like you can take on the world.

Well, shit happens right? i got into some bad trades, lost a few bucks here and there. However, i am not in the negative; i expected losses because one can never always win right?

Now it gets interesting, my losses were not loss on gamble stuff; meaning going in blind and just hope for the best. I started doing some research on cryptocurrency, graphs and blah blah blah. Basically anything that is related to cryptocurrency that i can find or needed to know at the moment.

That is where i discovered MACD and MA. I am not going to explain into detail about MACD and MA. MACD goes well with MA(Moving Averages), they have 3 lines to exhibit movement of candles over a certain time period. You can adjust the period; 1min, 15mins, 30mins, 1hour and so forth along with the amount of candles you wish to analyse. I use the default setting on Binance. This will allow you to see downward or upward trends and to predict future movement of the candles. On the other hand, it is not a 100% accurate method, as so are all methods. Nonetheless, it aids and guides you to make better decisions. MA lets you know that the shorter period of time candle (eg, 7 candles) against the longer period of time candle (eg, 25 candles). The moment, the shorter period candle is below the longer one, it is a sign to buy in and vice versa, sell when it is above the longer period candle. I had no idea what to call this when i was explain to my friend and my friend just said "Candle Theory". That is how we call it now. Man, i bet some of you are laughing at that stupid name.

After i learnt MACD and MA, i thought to myself, this is it, with this i am going to make even more money at a faster rate. Previously i was just constantly looking at alt coins and see which one hits a upwards trend and i will just buy it. At first, it seems to work out, i started earning some returns, in this case in BTC. It wasnt much, like i said earlier, 25 USD but, hey! I am still getting somewhere. I was always selling to early which resulted in the small gains.

I was earning TILL, it the alt coins that i were looking at started a massive down or sideways trend. That is where i starting getting confuse, because the MA shows a downtrend, and MACD shows down, but the actual candles are going up.

See at 0400HRS, MACD and MA is confusing. BLue and purple lines are the shorter period ones. Candle Theory at 0400HRS, the blue is below yellow but the candles are going up(GREEN)? MACD, just before 0600HRS, turns green candle after red, so i thought the red candles were losing momentum and next candle is green right? Woohooo, it's TIME baby! Imagine a girl being very friendly and nice to you, leading you on but next moment you found out she has a boyfriend. What the fuck! Only one green candle and it drops.....Boooooom all the way down to the next LOWEST point.

Why was it showing me so many green candles when shorter line is still below longer one and MACD indicates bullish but MA still show bearish trend. That frustrates me a lot. REALLY a lot. Now i had to find a new method to predict downwards or sideways trend. Don't get me wrong, the candle theory works when it is volatile. Meaning, it goes up and down consistently. In the future, i still use MA and MACD, when i learned them better but for now, we must continue my newbie journey step by step. I am still a newbie by the way.

I found this facet that gives you free BTC every hour. The amount you get varies by the digits you get after spinning some HI/LO game.

https://freebitco.in/?r=11293999

That is my referal if you guys are interested. The rewards are awesome man! Well takes a while to get there though. FRET NOT! They have lottery system every week. Ok i know you guys will say it's rigged, it maybe but after looking through the list of previous winners. LOL. Yup. I immediately laugh out loud. Every spin gives you tickets for the lottery. Obviously , the more you spin the more tickets you get. More tickets means higher chance. So i see people with thousands or hundred thousands, rarely millions earning the top 10 prizes. Then, i saw quite a few times people with 20 tickets winning, not only that winning the SECOND PRIZE. Someone even won with 8 tickets. Those people who used up crazy amount of tickets, boy, can;t imagine how pissed they would be.

If you wanna gamble or like to but afraid. This facet lets you gamble HI/LO game to gain more BTC. Trust me, i have been winning. Of course, you lose, but after every lost, i increase my bet twice, because there is a higher chance to win the next. If you again, play till you get one win and lose the nest, then bet double of the double to gain back. If you lose more than 3-4 times doing that, refresh and bet double the last. It worked for me.

https://bitconnect.co/?ref=GideonGideon

Again this is my bitconnect referral.

THATS IT FOR CHAPTER 2 GUYS! THANKS FOR READING!
WILL I BECOME THE ULTIMATE TRADER?!! STAY TUNED TO FIND OUT!