Bitcoinminers
Riot Blockchain Bounces at the 200-day SMACryptocurrencies like Bitcoin and Ethereum are climbing. Meanwhile, related equities like Riot Blockchain have barely moved.
The main feature on this chart is the rising 200-day simple moving average (SMA) – perhaps the most popular long-term trend indicator. RIOT touched that line yesterday and is bouncing today.
Next, notice how the 50-day SMA has come down to approach the 200-day SMA, but never crossed below it.
Third, consider how RIOT’s 8- exponential moving average (EMA) has remained above its 21-day EMA.
Finally, notice how stochastics recently hit an oversold level.
Overall, RIOT is a volatile and fast-moving stock. However, fluctuations have calmed in the last three months and prices are now tightening into a range at a key long-term support line. (The shares have also barely moved in the last month, relative to Bitcoin’s surge.) It could offer equity investors a means to participate in the cryptocurrency markets.
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Buy all the dip now before 26e August! BIG things is coming!!SOS LTD has been shorted extremely too much! but in these last two weeks, SOS ltd gott some big investors who bought over millions of shares each (including: BlackRock Inc, Susquehanna International Group, IEMG - iShares Core MSCI Emerging Markets ETF and Morgan Stanley.
you can check it at fintel.io
2021-08-11 BlackRock Inc. 3,403,688
2021-08-11 Susquehanna International Group, Llp 2,340,888
2021-07-28 IEMG - iShares Core MSCI Emerging Markets ETF 1,535,492
2021-08-16 Morgan Stanley 1,124,500
2021-08-16 State Street Corp 567,127
2021-08-16 First Trust Advisors Lp 475,609
2021-05-19 Virtu Financial LLC 324,287
2021-08-16 Sculptor Capital LP 242,100
2021-08-11 Susquehanna Fundamental Investments, Llc 240,778
Bullish Continuation > $BTC $RIOTEarnings on the horizon, there's a lack of confidence here..
Don't forget the meteoric rise during Q4 of 2020 (165% Gain Alone).
We can see we are still in an uptrend.
We can see rejection off 20 Day EMA.
We can see neutral RSI, and potentially bullish Stochastic RSI.
Bitcoin is also doing well this week, and will have a strong April, as we are entering a new quarter and the end of quarter rebalancing for funds will ease.
The only risk on the charts is a potential Inverted Adam & Eve formation (double top), although, I'm not certain it's valid given the 22% difference from the initial peak.