Crypto Breaks Out – Watching for Follow Through
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 9, 2025
Market Action
QQQ – Push from the short tight area as we continue to trend
Bulls want to see us continue trend and follow through into new highs
Bears want us to reverse lower sharply
Daily Chart of the QQQ.
IWM – inside day, good action after yesterday’s bar
IBIT – Strong Expansion higher into the close
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above
Short-term – 21 ema – Above
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA tight down here, potential for a gap and go higher. Still below the moving averages so relatively weak
PLTR push higher from the tight day
NVDA push higher from the short tight range
META push from the range
HOOD still in this range, trending
MSTR strong breakout move from the tight flag, watching for follow through
CRWD slight move higher
Key Moves
RYTM strong gap and go on drug trial news
ALAB strong push
Setups and Watchlist
FIVE watching for a range breakout
INSM watching for a range breakout
CRWV watching for a push from the inside day off the 21ema. or undercut and rally of the recent range
CRCL watching for a range re-breakout
LIF watching for range re-breakout
AS watching for range breakout
RDDT watching for follow through up after the 21ema reversal
ODD watching for a range breakout
LEU watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
FIVE INSM CRWV CRCL LIF AS RDDT ODD LEU
Focus:
HOOD CRWV RDDT LEU CRCL
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Good expansion today in names but still seeing setups. Watching for follow through in crypto theme.
Anything can happen, Day by Day – Managing risk along the way
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