I can't trade the channels.

I think the main appeal of the MACD chart is its name. I'm still spending a lot of time in McDonalds on their WiFi. I looked at it because one trader said that it was his primary tool. I think that may be the result of his lack of knowledge rather than its success. The two guys that I find interesting and entertaining are Crypto Kirby, and Karl from The Moon. They use charts that are a bit more advanced than the MACD.

I've been watching some videos by a guy who claims to have been a Forex scalper for 4 years, and he makes some interesting points. I may take his advice as an experiment, and he does advise watching some extra charts in addition to his basic ideas.

I decided that I should be long in Bitcoin in a bull market, and long in fiat in a bear market. That's a pretty obvious conclusion, but a lot of people seem to conceal the concept in chartist talk. I managed to close on of my positions for a small loss, and as I had a previous gain in this string, it wasn't too bad as a start, and the price drop has put it back into a notional profit. I missed closing the other open position by 50 pence, so I still have a lot to learn. I left that open to cover the unlikely event that we have a large correction. I'm still waiting for my deposit of additional fiat to hit my account. I had some problems with the transfer - mainly due to spotty WiFi, and my getting the reference the wrong way round. I should know better than to use unreliable connections when making bank transfers.

[REALITY CHECK]
Bit coin is nearly back up to the point at which I sold yesterday. So I wasted a nice bit of profit by setting my buy price too low. I seem to be consistently over estimating the price movements, maybe subconsciously I feel that small movements aren't worth it, but I should realise that most of the Internet billionaires got there by taking small bits of profit or income from millions of transactions.

[WEDNESDAY]

Bitcoin is still fighting to get over £2,620 - this is giving me problems as a budding forex scalper. I'm having to learn to sit on my hands when there aren't any decent trades. If you are starting with small trades as part of the learning process, you need the expectationsof slightly larger price movements to justify opening a new position.