The Maverick Mountain
564 posts

The Maverick Mountain
@RebuiltMuslim
I help to rebuild Muslim men after heartbreak, divorce, loss of family, career, health and bankruptcy. Masculinity. Money. Mindset. Deen.















Nasdaq started this correction and base 5 or so months back. Under the surface she's been WAY more volatile than we've been led to believe but last 4-5 weeks we've had multiple tests on both sides of this trading range. For those thinking we can't go higher we've had a 5 month and nearly -10% correction where some areas have gotten killed so that is pretty standard mid-cycle bull market correction territory. I'd love to see more downside but with the VIX printing 30 yesterday in the pre-market this may be it for a bit. I'm content to sit until things make more sense and I'm curious to see where we close the week as this was exactly how we went last week...open at support, rally, fail and start rolling over mid-week, close lower on an increase in volume for the week. Lets see how/if we roll here...






On balance, Bitcoin can take a couple of months to bottom even after a sharp decline. A couple of things to watch: MSTR has tended to lead Bitcoin at key turning points. IBIT — the largest Bitcoin ETF with roughly $69B in assets — has seen about $2.7B in outflows over the past 21 days. I’d like to see those fund flows stabilize and shift positive for a reliable bottom.








@MarkRitchie_II Hi Mark, Rookie question: During the high volatility times, charts get destroyed / no tight setups etc. what do you watch for when the tide turns, what homework would you recommend for a momentum swing trader. And Thank you for sharing your thoughts.
















