mo_diggity

mo_diggity

Would love some thoughts from the community on this one. Could we get to that red line of resistance on this run? Does NDQ need to correct first before we hit it?

mo_diggity

When prices break out of a trend channel, track the correction closely. When the correction starts to fizzle out, expect prices to attempt to make a new high. If I do a Measured Move of this current downtrend, target would be the range midline (no surprise). Will look for an entry around there

mo_diggity Updated 

$TSLA is once again overbought, coinciding with a triple test of the local highs. That combined with NDQ and SPX fizzing out, looking like correction time for $TSLA

mo_diggity

Well we may have overextended ourselves to get here, and so far looking like strong rejection.

mo_diggity

Head N Shoulders looking like it wants to get nasty, but it's necessary to get rid of the flakes (weak longs lol).

mo_diggity

Stocks, beware. When this bad boy starts moving up, stocks look less attractive.

mo_diggity

As the dollar index overshot the trendchannel, I used a measured move to try and find a potential bottom. We didn't quite get there, and that's definitely a bullish sign, now evidenced by the strong short term uptrend. I keep watching this index to get a feel for how Crypto will counterreact. 🤙🏽

mo_diggity

I guess a healthy uptrend just didn't do it for ya huh? Had to go all Face-Melting-Bear-Rally on us. I guess 4300 was really that important to you then. Fine. I hope all of our portfolio's saw some clawback. Now grabbing the popcorn again.

mo_diggity

Per trendline rules, when we have an overshoot of the trend channel, expect prices to push below during correction, possibly even a reversal. Stay tuned for updates on APE 🤙🏽

mo_diggity

BTC getting wedged into a downtrend line going back a few months, and the current medium uptrend. The DAY candles are being rejected by the 200DMA on top of this squeeze. Lots of downward confluence coming up for BTC. Will the medium uptrend hold? 🤙🏽

mo_diggity

The 1700 area is the last strong level of support and demand, will be posting as the correction moves along closer to my entry zone. Stay tuned 🤙🏽

mo_diggity

This is such an intense rising wedge, I've only heard rumors. That a wedge so tight and so high, will actually make prices shoot backwards in time, to previous highs. They said it couldn't be done. Tomorrow we make history. /s

mo_diggity

Part of what makes trading so difficult is the multiple layers going on at once, and which one will win out. At hand is MATIC, which could be having an overshoot ( bearish since this will lead to a breakout the other side, and possible reversal. OR, MATIC could be on a steeper trend up after breaking the downtrend.

mo_diggity

Range bottoms for BTC dominance, we'll see if we get a clean bounce off the bottom, or breakout 2 fail breakout.

mo_diggity

ETH has consolidated for some time now, and the longer the compression, the more significant the breakout.

mo_diggity

Just got out of my trade on this upward correction. The larger trend is down, and the trend needs a new low. I'll look for that New Low to play out around the larger uptrend channel.

mo_diggity

This is my view of the chart, and how I follow trends, ranges and support/resistance levels

mo_diggity

I'm not really sure how to include that overnight gap up/down move around the time Elon was selling, so I ignored that price action when drawing my downward trend channel. So now we're breaking out to the low side, do you have yours draws similarly?