Bitcoin Bottom? Positive Expectation breaker
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 8, 2026
13 min read
Market Action
Rally attempt underway. The QQQ is still below the short term MAs. Bitcoin flush out is a positive if it holds.
QQQ
Gap up and strong push higher. Rally attempt is in progress. Below the MAs
IWM
Strong gap and reclaim of the 21ema. Ideally tightens and pulls back into the 21ema
IBIT
Strong gap up after the extension lower. A key low is in place. Now needs to form higher lows and reclaim the MAs. Likely will pause or be rejected at their first touch of the declining MAs. Scared them out now time to wear them out?
1/4 Up: Current View: Correction. Rally Attempt in progress
Groups/Sectors
Deepvue Theme Tracker
Crypot theme bounce. Oil, Solar, Construction existing strongest themes
DV Leaders heatmap
S&P heatmap
Leadership Stocks & Analysis
TSLA
Looks to test the 10/21 emas.
GOOG
Consolidation day after the strong rally. Watching for expansion
AAPL
Some wedging type action, ideally builds a handle
META
Upside reversal at the 50sma after the pullback
AMZN
Key next few days for AMZN. Bulls do not want to see it leak below the low of the gap down.
INTC
Impressive RS so far. Ideally tightens and builds a clean pivot
NVDA
Strong gap and go. Needs to change character and push above 193 and out of this Stage 3.
MU
Nice to see no follow through lower. Ideally builds a flat base here letting the 50sma catch up
BE
No follow through lower. Watching for a base pivot reclaim
LLY
Positive expectation breaker. Time to push out of this base?
MSFT
no follow through lower. Stretched below the declining MAs
RKLB
50 sma pullback. Watching for a push higher
SNDK
10ema pullback. On guard for a lower high/10ema breakdown
PL
Push off the 50sma area.
PAAS
At the 50sma after the parabolic drop.
XOM
Oil theme. Trending
PLTR
Earnings rejection at the 21ema last week.
Key Moves
NVST
Strong earnings gap. Looks to be the start of a new stage 2 uptrend
STRL
Strong push towards the base pivot.
Setups and Watchlist
ENPH
Watching for an HVC Reclaim
SPHR
Watching for a 21ema reclaim
MRNA
Watching for a 21ema reclaim and flag breakout
SATS
Watching for a range breakout
COMP
Watching for a 21ema reclaim
Watchlist & Themes
Larger Watchlist
BE
LLY
GOOG
ENPH
MRNA
SPHR
SATS
COMP
Daily Focus List
ENPH
BE
SATS
LLY
Additional Thoughts
Not too many names of interest going into next week. We had some snapback but the market still has some work to do.