norok

05:29

norok Wizard

The news is catching up (two weeks late) to the stock market heading into bear territory but that is NOT the whole picture! Investors need to know that there are winners out there in quality stocks as the risky YOLO plays (tech, crypto) are losing. This specific rotation perfectly fits the model of the stock market rolling over into bearish territory. Follow the money!

norok Wizard Updated 

I think that people might hate this pick... but I love "hated" tickers. NYSE:DG came up on my 30m Spike scan this morning amid a sea of red and tanking "risk on" stocks. This indicates some interesting opening price action this morning as a "hey, come look at me!" This action is happening in the context of a clear rotation into "safe" stocks like Consumer...

norok Wizard

A Palantir, if you did not know, is otherwise known as a crystal ball; a seeing stone. It was what Saruman used in Lord of the Rings to "see" and that ultimately led to his corruption by Sauron. I've seen this stock corrupt the career of aspiring traders... I was asked my advice on Palantir NASDAQ:PLTR . I don't like to give "advice" on what for other...

norok Wizard

TVC:VIX is the tool I use for market timing. It tells us a lot. When it spikes to a Resistance (often 50% of the last major high) that tends to be a market bottom. But when you see what it is doing the last few weeks: Closing sustainably higher each bar... you know the market is pricing in more volatility. VIX is known as the "fear index" and you can...

norok Wizard Updated 

The German Stock Index XETR:DAX made a new All Time High yesterday only to close back inside the high's recent price action. This sets up a clear Spike with today's close back inside. Many signs in the US stock market are pointing to the market turning over for at least a bearish correction. I'll be watching the XETR:DAX for a bearish play of this Spike:...

norok Wizard

I have read different speculations on what might happen to the price of Bitcoin if the stock market were to crash. I am going to answer this using statistics, correlations, and examples of events from market history. This post will not speculate on the current nor future price movements of Bitcoin and Stocks; only their connection. I will be using the...

norok Wizard

Crypto investors need to be aware of Monero and its historic performance tendencies especially on a day like today. It has become the only cryptocurrency in which I think has actual USEFUL value in terms of being used as an '"currency". KRAKEN:XMRUSD for the last several years has functioned much like a stablecoin albeit with a lot of volatility. It trades...

norok Wizard

A term I have coined, "The Valley of Risk", describes a price chart which has had a prior very strong bullish trend, pulls back to its 50% Retracement Support, and then fails to hold it... entering a long, grinding, bearish deflation which coincides with the heavy negative emotion being felt by those still holding the bag. Inside the "Valley of Risk" nothing...

norok Wizard

For years I have been publishing on Tradingview the Ichimoku Cloud trend analysis for Bitcoin. It is now time to update the analysis as a major event has occurred recently. Most analysts and students of Bitcoin price cycles agree that the bull trend is likely to end in 2025. Well, it is that year now. Optimists seem to have thought that it would be later in...

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...