norok

norok Wizard

Am I crazy to be looking at a manufacturing play right now considering the tariff trade wars going on? The stock right now has a forward dividend yield of 8.65% at the current price with a technical setup. There are fundamentals around tariffs to consider but that could only be the "reason" the price has come to a great buy. I set an alert almost a year ago in...

norok Wizard

All over the media eyes are on yields but what exactly do the different potential rates of the 10-year yield mean in terms of debt servicing for the United States? I made this chart to visualize the danger points. I am not saying I think we will get there I just wanted to know myself and help others to understand what each pain point can mean to the United...

norok Wizard

...like a middle schooler, why Monero over the last year with delistings, without ETFs, and without Strategic Reserves has outperformed Bitcoin?

norok Wizard

My plan will be to look to trade major Supports on Bitcoin: 67k: Major volume profile node of prior range, 50% Retracement of the pre-ETF low > ATH, 89EMA) 63k: Secondary volume profile node of prior range, 50% Retracement of the whole bull cycle.

norok Wizard Updated 

This last week was interesting to say the least but the most interesting thing to watch was the incredibly influx of volume into INDEX:BTCUSD As the week progressed into Thursday and Friday and equity markets sold off big the volume of trading in Bitcoin more than doubled... yet the price remained stagnant. A month ago I did a study of correlation and...

norok Wizard

Bitcoin volume is exploding today. The Maxi's are trying to close it green on the day to advertise it as a "Safe Haven Asset." We are watching an All-In to keep it above 79k Support. Will they win?

norok Wizard

Reddit NYSE:RDDT has entered my textbook "Valley of Risk" period where the stock has a chance to hold its 50% Retracement of a major trend, fails, and even now has the added confirmation of retesting said 50% Support as overhead Resistance. There is now only the gap level at 104.90 which if broken will probably fill. Then it will be on to test the post-IPO...

norok Wizard

Serious question. Asking traders in the community that are more students of the methodology than myself. I keep a casual eye on NASDAQ:INTC and have since the big drop last August that took it to juicy decadal lows. That alone had me interested in picking it up. Smarter minds than myself that follow chipmakers more closely have educated me to the fact that...

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...