norok

norok Wizard

This may come as a surprise considering how little attention it is paid but according to my most time tested analytic; the Daily Ichimoku Cloud + Chikou Confirmation, KRAKEN:XMRUSD is showing more bullish than the top cryptocurrencies. I have written for years about this study of when price versus the Ichimoku cloud is in line with Chikou (purple line, AKA...

norok Wizard

I wake up to read that both equities are Bitcoin are down on Tariffs as the "reason." Is this true? More importantly, is knowing this valuable? I don't think so. The media needs to write some narrative every day to get read and sell ads. So they take the latest buzz and craft it into a "reason" price moved the way it did. The trouble is that this information...

norok Wizard

NYSE:HSY Came up on my alerts last Friday (see below) as a Spike of Volume Profile Support. Price rallied from the Spike almost immediately but has since returned for an opportunity to take this trade. Since the Volume Profile POC is based on the Weekly trend from COVID low > All Time High this trade can be setup as a long term position with the Risk management...

norok Wizard

NYSE:NUE announced earnings this morning. The subsequent opening price action triggered a Spike Alert on the opening 30 minute bar which brought the stock to my attention. This spike was generated by the Earnings opening price action. Earnings beat estimates and the stock rallied. However, where the spike breached... and more importantly held... was what...

norok Wizard

I have written and talked about this statistical superstition born out of trading almanacs of the "January Effect" which proposes that the month of January's direction (a green bar or a red bar) will determine the final close of the year as a whole. I plugged the data into a spreadsheet this year mid-January to get the updated statistic and for the last 97 years...

norok Wizard

If you listen to Michael Saylor, watch what he is doing with his financial engineering, and "learn about Bitcoin" it seems incredibly obvious that... MicroStrategy WILL NOT fail . At least, that is what I have been told by those that stand to gain massively from Bitcoin's price appreciation. It makes a lot of sense: corner the market of Bitcoin supply => force...

14:42

norok Wizard

In this video we use the Tradingview Logarithmic chart and some simple High-to-High and Low-to-Low angle to speculate on where and when Bitcoin INDEX:BTCUSD may hit its Halvening cycle high and low.

09:01

norok Wizard

Two great examples happened this week on INDEX:ETHUSD and S&P 500 futures where price respected the Volume Profile level TWICE! This video is a tutorial on Volume Profile to demonstrate why it is a "cheat code" for finding GREAT LEVELS! I do not trail stops because when I put a trade on I want it to be at a Support/Resistance: I wan price to HOLD that level. ...

norok Wizard

A textbook spike trade... that's why! Every morning the stock market open gives us opening volatility spikes on the first 30 minute bar. Most are noise but when that rare one comes along that fits my rules AND has multiple matching confluences... it's time to "Strike at the Spike!" This setup has going for it: At a 50% Retracement of the recent trend (from...

05:36

norok Wizard

Late to the crypto bull run? Maybe not! Technical Analysis is not about predicting the future... it is about identifying opportunity. COINBASE:ETHUSD has been bullish for a few weeks and I've been patiently waiting for it to trigger a setup. I got what I was looking for on Tuesday of this week and it made for a great teachable moment combining my Spike...

norok Wizard

INDEX:BTCUSD FAILED a breach of 100k! Now it has setup my Spike indicator perfectly for a 3:1 Reward/Risk back down to retest the prior ATH at 73811. I could not have asked for a better setup. I refused to short this rally... knowing better than to get in the path... waiting for a signal. That has now happened. This has been the most interesting Daily candle...

norok Wizard Updated 

If you had spoken to me last week I would have given you my expert opinion that my expert opinion was going to be WRONG. I have been of the sentiment that Bitcoin was not going to break the ATH this year and return back to the ETF launch level of 43k. As price rose to test the 2024 ATH I was just as sure as the bagholders I would be proven wrong. That did not...

05:50

norok Wizard

Even if you did not know anything was going on this week... NASDAQ:TSLA had an amazing long setup on Monday. I posted about it then and wanted to make a followup educational video because it was so amazing! It was a setup I HAD TO TAKE because it was all my rules come together! Traders need to know these individual components: Earnings Pullback Gap...

norok Wizard

I missed this yesterday when it happened in the morning open. NASDAQ:TSLA did a spike at the 50% Retracement of the post earnings rally. Support is established... the stops know where to be. Looks like a good rallying point.

15:01

norok Wizard

I want to give a video breakdown of my last Tradingview post which did very well as an Editor's Pick. Commentors posed some very good questions that deserve detailed explanations. First, I talk about the confluence of three major levels of Resistance that setup last week and remained the overhead Resistance of INDEX:BTCUSD Bitcoin this week (and possibly in...

norok Wizard

Over the weekend Bitcoin INDEX:BTCUSD topped out at a level which has multiple confluences. In this post I will break them down one by one and talk about what happens next... Perhaps the most common level noted by commentators is the Trend Line/Expanding Wedge/Inverted Triangle. I personally do not put much faith in these lines or patterns. The reason I do...

06:00

norok Wizard

This week The Fed lowered rates and everyone was "SURE" that this would lead to a huge market yeet in stocks and Bitcoin INDEX:BTCUSD ... but are we getting it? Price closed the week with an attempt to break higher on the S&P 500 futures CME_MINI:ES1! BUT closed BACK INSIDE the prior All Time High. THIS is a key sign of a potential reversal. In this video I...

17:08

norok Wizard

In this video I teach by example from the past week usage of my Spike Alert indicator I share for free on Tradingview. Spikes are price reversals which can be great trading setups and everyone should at the very least be aware of them!