After BTC broke down from the head and shoulders pattern there was a retest of the neckline. At this time BTC is currently trending in a falling wedge which i believe to be bullish. Technical analysis in my opinion is an art and subject to interpretation. Please do your own research before investing into a volatile asset like BTC. Good Luck! FYI: Blue lines...
has riot finally found its uptrend channel ?? its been in a deadly downtrend for the past little bit and after break out and consolidating has it found a channel. im thinking yes.
with the MONDAY (BTC downside) , i bought MARA at 33.5. There is a strong correlation between this two stocks and BTC price. When BTC get recovery near ( 50k ) i will close my position ( about 36.2 ) whit a 8% of profit. Peace ! David
The $40,500 - $45,000 zone has been a support and resistance area since December 2020. If you're a bull - you want this support zone to hold and imply a move back up to $50K + If you're a bear - you want to see a break of this zone implying a move back down to ~$35K area (blue EMA cloud) My bias is to the upside : )
See the chart. You can trail your stops once you’re in profits. NASDAQ:RIOT
Pushing to all time highs this month. Looking for a symmetrical move to 58k this week.
Riot looks ready to enter Phase E of the wyckoff accumulation pattern on the weekly. Watching for a break over $39 and a move up to $48 in the next few weeks. Strong rejection at $39 but holding the EMA cloud nicely. With BTC above $52K my bias is to the upside this week.
MARA 10.37 ExaHash vs ANY 6.4 Exahash in 2022. MARA Market Cap 4.325B vs ANY Market Cap 201.94M 10X potential in 2022 if they don`t keep diluting their shares to buy more miners. Next week`s target: 8.9usd resistance. Enjoy!
Following Bitcoin pattern.. Looking bullish.. Bitcoin poised to hit $100K+ by EOY and these miners will reap the benefit
RIOT just has to clear a little bit higher then it will likely be a runaway train. Take a look at MARA. You can see it has a really similar price story, and it is tilted slightly more upward. MARA was the definite winner between the two stocks at this stage, however, it looks like both have support from the bull community.
Riot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States. This asset is directly related to the Bitcoin price trend. At the same time, it offers less risk than the cryptocurrency market. The trend seems to want to reverse its trend in the short term. Great scenario for...
Idea for MARA: - Domed House and 3 Peaks, its a Wyckoffian variation of UT/UTAD and LPSY. - Bitcoin at "Return to Normal" Phase of classic bubble pattern. - There are no fundamentals which support the rise in risk assets - especially in crypto, aka "sucker's rally". GLHF - DPT
$Riot, we should wait for a proper set up to come knock at our doors than forcing any trades. Chart clearly states that we should wait and let the stock give us a good trade.
$Riot, NASDAQ:RIOT the price may test the level @40.28, the ideal entry would be at when the price consolidates ta the area of 40.28 NASDAQ:RIOT
HUT winning the race as expected - will continue to outpace until it catches up to the hash rate / market cap ratio of MARA and RIOT
$RIOT Key levels I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support levels… Red = Key levels Green = resistance Blue = trendiness If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan. Here I’m keeping an eye on that blue trendline that is just a...
follow up post to my last prediction (view it at the bottom of this text) catch riot at $29, and ride it all the way up to $69 could hold it longer if you'd like, to around $200+ my trade though, is a shorter term trade to cash in on this upward volatility. crypto miners will outperform ever asset class combined in the stonk market position yourself accordingly ~
Beautiful price action pulling back to 50% retracement and also confluent with a uptrend-line. Check your sweeps programs for more confluence as this look like a good setup.