norok

norok Wizard Updated 

I was having a conversation with a trader on my social media and he was sharing future projections of Bitcoin INDEX:BTCUSD with a parabolic curve. This is easy to draw using past major lows going higher and also with the fundamental force of the Halvening presumed to begin in earnest now or soon. My feedback to him is that perhaps the obvious thing to do now...

86:32

norok Wizard

Price Spikes are a huge component of my trading strategy. Today's Livestream I'll focus on this concept all traders need to know and use.

76:58

norok Wizard

What do you do when every trade you have on is flirting with your stop? Do you go ahead and take the loss and stop the pain? Do you stick with your rules? I am inside that moment right now and this is not something new to a professional trader. How I'

norok Wizard

Back in July 2023 NASDAQ:NFLX on earnings did a weekly price Spike across a major 50% Retracement level. I entered into a short trade on the stock which worked well for a few months until the market turned decidedly bullish in October and then the trade stopped out. The recent earnings pushed the stock price higher as Netflix net income is dramatically higher...

norok Wizard

Yesterday Monero CRYPTO:XMRUSD dipped over -30% on new that Binance was going to delist it and other multichain (privacy based) currencies. When I first saw the drop of my watchlist I feared that some part of the Monero protocol had been broken and that its privacy focus had been circumvented. Once I informed myself of the "reason" for the drop I became more...

87:05

norok Wizard

The stock market is making new All Time Highs and inevitably people begin to want to outsmart it. Should we be betting against this rise because reasons?

norok Wizard

To keep actively trading Bitcoin short... I am watching and trading Bitcoin futures. This morning there was a 30 minute timeframe Spike right at the level I have been watching since after the ETF launch: the 50% Retracement of the "Sell the News" phase. I am looking for price to hold this level as Resistance and retrace at least back to 41000 in short time. ...

norok Wizard

With the stock market making new All Time Highs fresh new opportunities for contrarian trades are going to be somewhat scarce. Thanks to a viewer on my Livestream (every Friday on Tradingview: 4pm EST UTC-5) I was made aware of a short setup I like on NYSE:JPM Context This price action is happening at a test of the past ATH set in November 2021. Last week...

norok Wizard Updated 

"Buy the rumor/Sell the news" is a phenomenon as old as markets. It was like betting on the sun not to rise tomorrow. I have talked to many Bitcoin enthusiasts who are perplexed by this occurrence. They were assured by various Twitter personalities that this week would see the largest inflow of capital into Bitcoin ever, price would rise, and if they just...

norok Wizard Updated 

Since September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and into the future. I was definitively Bullish on Bitcoin in Q1 if...

norok Wizard Updated 

A viewer on my Livestream Friday brought to my attention that Pfizer NYSE:PFE is coming off a major low (COVID Low) and has done a pullback to the 50% of the Impulse Move off said low. This is why I love doing Livestreams and having a trading community... idea crowdsourcing! I like these setups especially as the S&P 500 and many stocks within it are making new...

norok Wizard

INDEX:ETHUSD has sold off from the recent high down to a critical support at 2406. This support is the 50% Retracement of the Year to Date bullish thrust and also matches with the Ichimoku Kijun Sen. The Support level is also held up by the prior highs of the December 2023 consolidation range. When analyzing this chart to make an opinion if the Support may...

106:28

norok Wizard

I'm currently SHORT Bitcoin... but an honest assessment of price is that the trend is still bullish. How can I have cognitive dissonance? I'll explain...

64:37

norok Wizard

Bitcoin was supposed to go UP on the ETF launch news... but it did the opposite! Why this was just another "sell the news" event.

norok Wizard

Today at 4:11 PM EST (UTC-5) the @SECGov Twitter account posted confirmation that Bitcoin ETFs had been approved. Bitcoin price spiked immediately on this news but the following price action is most interesting. The hacker that made the Tweet, presuming the news would create a large, sustained bullish move, likely LOST MONEY on his illicit trade. Tradingview...

72:56

norok Wizard

First stream of 2024! Let's talk about some possible themes and opportunities this year!

norok Wizard

This morning I received a volatility alert on $NASDAQ:WBA. The stock had earnings today and the resulting price action was bearish down to a significant potential support level. The Trade The Weekly the Ichimoku 9-period (red line) shows that short term 50% level as it goes flat providing a Weekly entry point. The risk is that price makes another major low. ...

norok Wizard

One of my primary technical analysis trading tools is that of False Breakouts or as I identify them; Spikes . I have found that when prices moves quickly in one direction only to return in the opposite direction within the same or following candle this indicates a potential reversal with a high probability. The corollary to this concept is that if price does...