norok

07:47

norok Wizard

For the first time in 2024 the US Stock Market's S&P 500 has shown TWO bearish signs at once this week. In any given year statistically one can expect 2 or 3 corrections of -5% to -10%. It is now month 4 of 2024 and we are due. In this video I talk about the two signs (False Breakout Monday, Break and Hold Resistance Thursday) that came together to signal the...

75:05

norok Wizard

Tradingview has cancelled all streaming and will be deleting my work. This will be my last.

norok Wizard Updated 

I have been patient to not issue new bearish projections until I see what I know to be objective price action evidence. With Sunday's Weekly bar close we received such a signal. In this post I want to detail how important this signal is in the understanding of price action as well as in actionable trading. I will present what I think is likely in the near term...

82:21

norok Wizard

Volume Profile is a powerful tool for finding levels where price will turn. We will look at how to use this in Tradingview.

52:08

norok Wizard

This week we saw Bitcoin test and retest the prior All Time High. We need a CLOSE above it to confirm the break. Will it happen before the weekend is over?

86:25

norok Wizard

There is one emotion to describe Bitcoin this week: euphoria. How long will it go on in that state?

74:42

norok Wizard

Is it time yet to short the highest flying stock of 2024?

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...