Lets start a RIOT
Previously known as Riot Blockchain, Riot Platforms is at the forefront of BTC miners and is highly poised to benefit from the imminent cryto rally generally expected to occur between late 2024 through 2025. BTC has been tipped to touch the very lucrative six digits milestone during this coming crypto cycle and all crypto related stocks have been tipped to follow suit.
RIOT faces fierce competition from other crypto related stock (
MSTR 
MARA 
COIN 
CLSK ), along with the newly approved BTC ETFs this time around but despite all that and its recents market struggles, i think we are headed for a possible 6X to 10X return from these current levels within the next 6-12 months.
I personally hold both
RIOT and MARA in my investment portfolio and will be covering them both on the weekly as there are already many people covering these stocks on the daily. In my expereince, MARA tends to generate the most hype and volatility within the crypto miners and usually leads while RIOT catches up in terms of price and market cap. To me these two acted as "duo" during the previous hype rally and I expect them to behave the same again. RIOTs chart isn't as clean on the weekly, but we are near a very key support area for accumulation, but I am not worried about this stock's future one bit!
RIOT faces fierce competition from other crypto related stock (
MSTR MARA COIN CLSK ), along with the newly approved BTC ETFs this time around but despite all that and its recents market struggles, i think we are headed for a possible 6X to 10X return from these current levels within the next 6-12 months.I personally hold both
RIOT and MARA in my investment portfolio and will be covering them both on the weekly as there are already many people covering these stocks on the daily. In my expereince, MARA tends to generate the most hype and volatility within the crypto miners and usually leads while RIOT catches up in terms of price and market cap. To me these two acted as "duo" during the previous hype rally and I expect them to behave the same again. RIOTs chart isn't as clean on the weekly, but we are near a very key support area for accumulation, but I am not worried about this stock's future one bit!Note
Riot is also sitting near the 52-week low and i expect the high and low to act as key levels of support and resistance.
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pretty much flat for riot this week. i think we will hold above 6.40$, lets see how BTC behaves.
Rate cuts are in, it should be a good end for 2024 😎
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strong week for RIOT, that 52 W low bounce is shaping up very well, but lets see how BTC moves
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RIOT holding up nice here
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completely parabolic! RIOT is outperforming MARA and i love to see it. I traded both RIOT and MARA during the last cycle and from my experience these two acted like a duo during the last bull cycle - always catching up to one another.
I think RIOT has been beat down and has a lot of catching up to do and I am becoming more bullish with BTC imminent break out! Decided to finally buy more shares today.
Let's see if BTC can hold up!
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once again RIOT outperforms MARA and is looking strong
we got earrings tomorrow and i dont think i will play any calls this time around. BTC is looking strong though and when hype and FOMO take over things move very fast so im considering getting more shares at the next retracement
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Earnings were a bust, glad i didn't take on any call position. i was hoping for another buying opportunity and i got it today. purchased more shares and going to continue buying down on this retracement. Earnings were not important to me today. Lots of fear and frustration going around. All i can tell you is in my experience when BTC begins to rally and true HYPE and FOMO take over the markets, the miner's earnings just aren't that important. This is a cycle play and we have not seen the big hype rally yet, its coming.
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Aged like fine wine!
Big congrats to all you that have stuck around here with conviction. it is not easy to hold during depression but a day like this is one to celebrate. Lots of negative sentiment within the miners and lots of traders have exited too earl. THis is just the beggining. Depression will be exchanged with FOMO as BTC will continue to make new ATHs and RIOT WILL follow it. We are the early adopters in this cycle and buying it under 10 iis very reminiscent of when RIOT was at 2-3$ last cycle.
Other than Coinbase, we have outperformed all other crypto related stocks with this HUGE 26% move and I'm loving it. In my opinion RIOT is in a better state than mara because the earnings have already been delt with, we have already bought the dip and BTC is making new ATHs. We couldn't be in a better spot.
with a very conservative target of 45$, buying riot under 15$ is still a bargain in my eyes. I have 90% of my desired positoon here and if i there is another meaningful pullback, i will be buying!
Stay strong it's going to be a wild ride😎
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88k BTC 16%+ RIOT things are looking really good for us 😎. FOMO has taken over the markets and things are getting wild. RIOT is already breaking 15$ and testing that medium term line of resistance. If you're investing, stay strong and ride the volatility, im not trading these shares but will open a call position at the next major retracement.
I have also decided to allocate the remaining 10% of capital i was planning to buy with RIOT into CAN. Extremely appealing interms of Risk to reward
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