$BTC $RIOT Update - Bullish Pennant - Onwards and Upwards?
Updated
#Bitcoin #RIOT #RIOTBlockchain
RIOT Blockchain as an equity relies heavily on BTC price movements.
BTC looks like it's edging to move up any day now.
RIOT, technically, looks like it could either break to the upside, or trade sideways pretty soon.
Given my bullish stance on BTC, I have a bullish bias towards RIOT, even though, competing companies have found their prices getting hammered due to poor earnings and FUD.
RIOT however produced positive earnings, so fundamentals are much stronger here, plus it's not a penny stock, it's traded on the NASDAQ and accessible to RobinHood traders.
RIOT Blockchain as an equity relies heavily on BTC price movements.
BTC looks like it's edging to move up any day now.
RIOT, technically, looks like it could either break to the upside, or trade sideways pretty soon.
Given my bullish stance on BTC, I have a bullish bias towards RIOT, even though, competing companies have found their prices getting hammered due to poor earnings and FUD.
RIOT however produced positive earnings, so fundamentals are much stronger here, plus it's not a penny stock, it's traded on the NASDAQ and accessible to RobinHood traders.
Note
Price dumped due to BTC drop.Note
Talk about having bias.. wow.. I really need to keep it in check in future :D
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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