This module has hours of technical education as Jay shares his many years of experience from day trading to swing trading and how each style when incorporated with these techniques can deliver a winning combination again and again. Jays goal for this module is to condense 100+ hours of learning these important technicals into 15 hours of practical use. His students feel he absolutely nailed it.
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Candlestick Charting Course 1 of 3 – $197.00
In the second module of the Bitcoin Academy, speaker J W Sterling discusses Japanese candlestick charting techniques, acquired mostly from Steve Nissen, a notable figure in the field.
Sterling emphasizes the unpredictable nature of trading, stating no one possesses a definitive foresight for future market movements. He illustrates his experiences with Bitcoin, adjusting his targets as the market fluctuates. This highlights the flexibility required in trading, as the only constant is change.
The speaker further elaborates on his admiration for the Elliott Wave Theory, a favorite trading strategy of his, particularly within the crypto market. The theory enables him to anticipate and participate in market movements like never before. He briefly touches on the topic of Elliott Waves, setting the stage for a more detailed discussion in future courses.
Next, Sterling discusses trading dynamics in cryptocurrencies like Bitcoin and Litecoin. He also provides an overview of Ethereum and the factors that make it a small portion of his trading portfolio. He explores the potential of new coins over the span of 3 to 6 months, advising on the importance of holding on even after taking a small profit.
Sterling proceeds to review the market, addressing concerns from his audience about Bitcoin’s stability. He explains the trading hours of the crypto market, contrasting them with those of the traditional stock market, and the implications of this difference.
The session dives deeper into candlestick charting techniques, including various patterns like doji, spinning top, hammer, and hangman. Sterling gives practical examples to illustrate how these patterns can signal possible trend reversals. He emphasizes how proper interpretation of these patterns can assist in market predictions.
Continuing with market analysis, he discusses the potential of Bitcoin’s price movements. He shares his investment strategies, emphasizing the importance of investing in coins with substantial market caps, and explains the nuances of taking a position in a coin.
Sterling emphasizes the importance of continuing education in improving chart reading skills and overall trading strategy. He advocates for humility, as the market’s unpredictability can quickly humble any trader. To close the session, he shares personal experiences in the market, illustrating how strategic profit-taking is essential in trading, differentiating it from long-term investment strategies. He ends the session highlighting the need for continual self-improvement in trading, which is crucial for success in the fast-paced crypto market.
Chart Patterns Course 2 of 3 – $197.00
“Module 2 – Chart Patterns – Course 2 – The Bitcoin Academy” by Jay discusses chart patterns in the cryptocurrency space, particularly focusing on Bitcoin. In the second part of the second module, Jay emphasizes the importance of understanding and utilizing chart patterns, building upon the knowledge of candlestick charting discussed in the previous session. He encourages learners not to depend solely on his course but to use it as a foundation for understanding the crypto market dynamics.
Jay introduces the concept of the ascending triangle, which he admits is one of his favorites. He explains that this pattern often operates differently in the volatile crypto space, as opposed to traditional markets, and hence advises against applying the same rule of thumbs. He demonstrates this pattern’s effectiveness using examples from Ethereum and other cryptocurrencies.
Jay then shifts his focus to different trading strategies involving both descending and ascending triangles, emphasizing the importance of buying at the bottom touches in the case of an ascending triangle. This strategy, he demonstrates, using practical examples and charts.
The course delves into other chart patterns, including flags and wedges, with Jay illustrating their usefulness in identifying buying positions and taking profits. He underscores the importance of recognizing these patterns to optimize trading strategies, especially in a rapidly moving market like crypto.
He further elaborates on trend lines and their importance, demonstrating how to effectively use them to predict future movements. Jay also addresses some chart patterns that may not apply well to the crypto market due to its unique characteristic of never closing.
In the latter part of the course, Jay examines potential correlations between Bitcoin, Ethereum, and Litecoin prices, highlighting the speed at which Litecoin covers ground relative to Ethereum. He introduces the concept of an ‘inverted head and shoulders’ pattern, which could indicate an imminent explosive price movement.
Towards the end of the session, Jay brings up the concept of a moving average and how Bitcoin’s price significantly higher than the 200-day moving average might signal a loss of interest from traders. He concludes by reminding learners that understanding these patterns will give them a solid base to build their crypto trading strategies.
Fibonacci Training Course 3 of 3 – $197.00
Jay begins by stating that he has a significant amount of time, approximately 2.5 to 3 hours, to discuss Fibonacci and other related topics. He emphasizes the importance of continually adding to the course material and mentions briefly covering chart setup before delving into Fibonacci. Jay highlights the significance of understanding the mathematics of growth and decline, along with price action, as a means of gaining an advantage in trading. He reassures the audience that he will keep the discussion at a basic level and emphasizes the importance of simplicity.
Throughout the class, Jay demonstrates the practical application of Fibonacci by analyzing various charts and identifying support and resistance lines. He mentions observing common patterns in the market, such as throw-downs below patterns followed by significant upward movements. Jay shares his experience in trading for 17 years and explains how he can make accurate predictions without drawing many Fibonacci lines. He mentions the presence of Fibonacci ratios in natural phenomena like shells and flowers.
Jay also discusses wave structures and retracement levels, illustrating their application in analyzing market movements. He emphasizes the importance of studying charts and understanding patterns, encouraging listeners to apply these principles to their own trading strategies.
Additionally, Jay discusses the potential of altcoins and the role of Bitcoin as a central point of reference in the cryptocurrency market. He mentions the importance of studying market movements and using Fibonacci extensions to identify re-entry points with low risk.
Towards the end of the speech, Jay expresses his desire to teach a million people over the next 36 months, envisioning the positive impact that financial empowerment can have on individuals’ lives.
Overall, Jay’s speech in Class three of Module two at The Bitcoin Academy provides a comprehensive overview of Fibonacci training and its practical application in trading. He emphasizes the importance of understanding market patterns, simplifying complex concepts, and using Fibonacci tools to make informed trading decisions.
Advanced Charting Bundle Course 1 thru 3 – $591.00 $524.00
Advanced Charting Bundle includes Candlestick Charting Course 1, Chart Patterns Course 2 & Fibonacci Training Course 3
Course Discussion – 9 hours 50 mins:
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Crypto 101 Course Bundle
Crypto 101 Course 1 & 2
Introduction To Trading Bundle
Introduction To Trading Courses 1, 2 & 3
Advanced Charting Bundle
Candlestick Charting Course 1, Chart Patterns Course 2, Fibonacci Training Course 3
Advanced Technical Analysis Bundle
Trading On Volume & Price Action Course 1, Trendlines & Moving Averages Course 2, Indicators & Tying It All Together Course 3
Elliot Wave
Elliot Wave Course 1
I appreciate how these videos are scoped to the crypto market and mainly excludes the equity market. Jay has filtered out candlesticks and chart patterns that do not really apply to crypto and I like that we can just focus on what is important in trading crypto. On the Fibonacci video I came into thinking I knew about Fibonacci retracements and extensions, but I did learn and get a lot out of it. The “long game” was a completely new concept that I have not seen anywhere else.
Advanced Charting – Module 2 is an extraordinary dive into the world of charting I learnt about Japanese Candlesticks, VOLUME and Elliott Wave. Jay gives the trading tools you need to succeed immediately. His coaching style is easy to follow. I’ve personally learned more from this advanced course in charting compared to what I learnt at Universities, Academies and various Professional Financial Bodies. The module contains ‘out of this world’ outstanding information. This module will help change your life for the better and improve your financial wellbeing forever.
My advice to anyone just starting or even with experience in the crypto world: don’t make a move until you go thru these videos.
Jay’s down-to-earth, truthful style of teaching comes from over 20 years in the investment world, but the best part? You learn how to master yourself before you can ever hope to master crypto. (That will make more sense later – trust me.
Jay has become my coach and I trust him. I gave up chasing the next YouTube “guru” and shiny-object-syndrome. Why? Because Jay is right 80%+ and he is a no-hype, straight to the point kind of guy. His values resonate with mine, and I just flat out trust him.
He does NOT have to do this, and for the pittance he asks for the fee – ARE YOU KIDDING ME?? He does this out of his genuine heart to help others become free. PERIOD.
Thanks once again Jay for all you do.