norok

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!

norok Wizard

Let's take an honest look at Bitcoin in terms of price and fundamentals. Every day I see a new article about "ETF inflows" or "Historical parabolic coming" but yet price stubbornly refuses to break bullish. Often I read the comments on these articles and users ask pertinent questions such as, "if everything in the media is so bullish then why is price...

norok Wizard

Been short INDEX:BTCUSD since April with AMEX:BITI (Proshares Bitcoin Short ETF). The media writes "reasons" that Bitcoin is down each day but real reason Bitcoin is down any day is the failure to confirm new ATH in April. I do somewhat lament my bearish bias because I missed a good long off 50% level in this liquidation but I'll go into why I remain bearish...

norok Wizard

I have been traveling and enjoying the summer months, which typically are slow for trading, and have not traded this pullback but have gotten many questions for analysis as to "when will this stop ". #notfinancialadvice but I like the upcoming levels on AMEX:SPY in the 520 area. There are several levels of support creating confluence here: What I always...

norok Wizard

I have been pointing out on my social media and Livestreams that Monero has been outperforming Bitcoin since April 2024. This inversion in the KRAKEN:XMRBTC cross pair is interesting in itself considering most cryptocurrencies remain in high correlation to Bitcoin INDEX:BTCUSD but there is more that can be inferred by this relationship. First, we will look...

norok Wizard

Many Bitcoin traders believe that this was an isolated liquidation dip caused by "reasons" such as MtGox and Germany. This price movement is part of a broader picture (below) and while many hoped to see 60k recaptured this weekend it does not seem that will be the case. Futures markets will open in a few hours and last for the last two weeks the Sunday-Monday...

norok Wizard Updated 

Of all cryptocurrencies I see Monero KRAKEN:XMRUSD differently as a good "store of value" which is private. That makes me a little looser with my trading guidelines for other assets. Monero has also proven difficult to trade in recent years... it has had some volatile swings but overall has broadly kept its value. The recent cryptocurrency downtrend, led by...

norok Wizard

Bitcoin social media has shifted the narrative from YOLO 6-figure SOON(tm) to the June bear move being over to now accepting that this is a "healthy pullback." The bullish trend, which began in October 2023, officially ended June 24th with the confirmed cross of the Ichimoku cloud. See my videos and posts from last week for education. Bitcoin now sits today,...

norok Wizard

This article will lay out the key levels that should come into play in the price action of INDEX:BTCUSD starting today on July 1st and may carry on through the month. This analysis will rely on Ichimoku, 50% Retracements, and Volume Profile. The primary driver of my analysis on Bitcoin price action is the Daily Ichimoku trend. I published a video last week...

norok Wizard Updated 

Also on my morning Spike scanner came up NYSE:XYL (see below for the spike on the 30m timeframe). I especially like this Support level as it has many matching components: 50% Retracement Level. My bread and butter. The most important Retracement Level. Volume Profile node. Not the POC but a key level of price and volume here. Ichimoku Cloud. A long...

03:25

norok Wizard

NASDAQ:WBA is a techable moment and I had to make a video today. I checked my watchlist of current and recent trades exited and saw that Walgreens was down -25% overnight! Horrible earnings is the "reason" but really the stock has been in an unabated downtrend for months. I tried to take a long off the 2009 low back in January but my rules had me GET OUT in...

08:26

norok Wizard

We've heard the addage; "time in the market beats timing the market." That may be true of stocks and people that want to be lazy but results dramatically improve with this one simple signal based in Ichimoku. That signal JUST HAPPENED! The results over 13 years of Bitcoin's price history are clear even when the last 4 years are isolated. Do the backtest...