WATCHING MONDAYAll converging. Volume and activity dry up, if you see some nice volume in the premarket, could turn into a nice bounce in the open. These are all like, the "blue chips" of bitcoin stocks, the originals with the most volume.
RIOT
SPI Short Premarket $1.27, ScaleThey put out these fake asks a few days ago for 2.50 in the premarket open, then bought them, only 100 share lots. Such a blatant attempt to pump the price up so they could dump shares. Recently put out a blockchain press release. You can see the rabid selling that happened that day. Company is way over leveraged and too many shares. A sure thing
RiotThis stock was pumped up due to "Blockchain" in it's name. It could retrace to the .786 if it cannot break above the .618. Expecting it to stay with the green on the Gann Fan (1/3) . It has weak institutional support and poor earnings and revenue. This is a highly speculative stock that's betting on the success of the Blockchain in it's name. If it is successful in it's investments in the Ethereum and Bitcoin blockchain technology and can monetize how it will benefit medical/healthcare/biotech then it could be a good risk. At this time I see no reason to speculate on this stock as the money would be better invested in GBTC.
Has The Name Blockchain, Going Up 200%No analysis whatsoever needed. It has the name blockchain and hasn't taken off yet. Plus, all the restricted shares have a mandatory hold period until April. Float is only 19 million. .........................................................
................on a side note, it is also a data and cyber security company
16K BTC, onto ATH 20KLots of consolidation in BTC recently, this allowed for technical to settle as well. MACD has now crossed, potential for inverse H&S patter and near term tgt of 16K. I like blockchains as a trade her and grabbed some $TEUM (2.38)and small position in others.
BTSC Long IdeaBitcoins are starting to show life again. BTSC hits a double bottom and reverses is my guess. Set a limit order to BUY BTSC a few cents above the previous low.
TEUM Tradeplay, Use Bitcoin as Your Guide Of EntryTEUM is now pegged to the price of bitcoin. When Bitcoin spikes, TEUM will spike too. A pull back should be expected though as of now. If it increases, after a pullback, add on big volume day, preferable when the price of bitcoin strengthens
MARA long ideaI see MARA forming a bull flag. I expect it to be supported by the 34sma so I don't expect a dip back down to the lower trend line. Possible upside +34% set stop for possible loss of 5%. Good risk reward. I can see it going to $7.80 from here. Blockchain is a hot sector right now. You might get this move all in one day.
RIOT Blockchain Inc. bullishSee the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
RIOT - Short term oportunity to buy on a breakoutChart looks pretty bad here. Loot it up elsewhere for a better idea on how it looks. The dynamic resistance is actually closer to the price. I do not recommend to hold that position for too long. NASDAQ : RIOT
RIOT - Brokeout of descending triangle. RSI and MACD look goodRIOT has broken out of a descending triangle after consolidating for a few sessions. RSI has broken out of a downtrend as well. MACD crossover is bullish. Bitcoin prices providing a tailwind. PT $9
