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RIOT

$RIOT, more downside around $8 before higher?As you can see on the chart, NASDAQ:RIOT has formed a rising channel and has broken to the downside and is currently testing the channel as resistance. Should it not be able to make it back into the channel, then my bias leans towards more downside before higher prices. As of now, I lean towards the lows getting retested or broken and a bottom forming around the $8 region. After that takes place, then I think NASDAQ:RIOT is primed for a large move higher in which we should see prices go 100%+ into the $15-$17 region. Let's see if/how it plays out.
NASDAQ:RIOT
by benjihyam
4
$MARA - Bull or Bear?NASDAQ:MARA I like the stock and currently hold. I personally feel one more high to $28-$33 (Could extend past this). Then potentially fall to sub $3. The new lows present an opportunity for big money to buy miners whilst exceptionally low in value. The current fair value price for NASDAQ:MARA is $9.59. Anything below this is deep value in my opinion. Whilst I know institutions are accumulating at record levels, the exchange traded volume is dropping off. Based on Elliot Wave, I am optimistic we are currently in a Wave 4 with the Wave 5 low expected to be in the region of $1.80 - $2.20. Although Miners Revenue is at a near record high, Miners have a tenancy to fall before a BTC halving and then reach new highs following the halving. ETF approval is expected soon - It may give Institutions time to manipulate BTC and ETH prices before the halving or send the miners on a parabolic course with 'new money' entering the crypto market. For clarity the blue vertical lines represent the BTC halving points. NASDAQ:MARA did not run on it's July 2016 halving as this appears to be a 'new entry' pattern. On the third BTC halving, it ran to new highs within months of the May 2020 BTC halving. This also backs up my theory we will see lower lows, before new highs, ahead of the next BTC halving (exp April 2024). I hope I am wrong with lows coming given I will not be selling, but a wave 5 move down would form a primary inverse head and shoulders and would be an ideal area to load up on stock and long term options! God speed! **This is not financial advice**
NASDAQ:MARA
by Bradtheinvestor
3
RIOT: Things might get worse before they get betterIn my last analysis, I was waiting to see how price reacts from the Oct lows. If BTC was moving higher but RIOT was not, it would be the warning sign. And things might be playing out that way. Unfortunately, price went too high up to still be an ending diagonal structure, which I was hoping for. Instead, now things are looking like a much larger ABC pattern with wave B either complete or may make another quick spike up before breaking down. Now, things can get ugly, depending on how fast and how far price may drop, but I would hope for it to hold the $7.5 pivot. If not, there are several fib support areas along with volume support areas. Best course of action would be wait some more. I don't want to short at this time because earnings were good and BTC keeps moving higher, RIOT can also keep moving up. Structure wise, this doesn't look to be an optimal spot to trade. If price does drop, I will be buying with both hands. I will buy the shares, DCA and use options to hedge risk and also bring the cost down. As long as price stays over $3.25 low, it should provide hefty gains in the next year or two.
NASDAQ:RIOT
by mukit1
4
$Mara - Following Bitcoin BullishIm looking for NASDAQ:MARA to join the pump train for a move higher to 14 then 18/19 before the year end. Crypto has been on a pump with strong fundamental news. These crypto mining stocks for the most part has been consolidating as they are headed into earnings. We could potentially see a pop on earnings following the move on crypto. Adversely we could see a dip on earnings however that wouldnt change the overall bullish trend. Taking a further out contract would mitigate that risk.
NASDAQ:MARALong
by Thecontrariandaily
RIOT: will it make one last low or push up from hereEW structure is preferring one lower move to finish the ending diagonal wave C between $7-$8. However, BTC is not done with its move yet. The clue will lie on RIOT moves relative to BTC. If we see BTC making new highs in the next week or two but RIOT staying flat or not breaking highs then most likely the wave 5 down is coming. But it will be a screaming buy at those levels. I price breaks higher, then most likely the downside move is over, and every dip should be buyable in the medium term 2-3 months.
NASDAQ:RIOT
by mukit1
4
$Coin is in Trouble Headed into NFP next weekNASDAQ:COIN much like many of the crypto stocks pumps are steadily meeting strong resistance as the result of the sell down. Although Bitcoin and several crypto names went on a pump on etf news. There still a ton of downside that is likely to fill as we examine structure. 80-85 strong overhead resistance. Still trading within our strong weekly bearish engulfing candle (5 weeks now) Potential Bear Flag Under Resistance Next level of support is around $50. I would like Nov 24-Dec 1st puts to come active on this next week as we head into NFP. Ideal entries back around 80 NASDAQ:COIN
NASDAQ:COINShort
by Thecontrariandaily
1
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR - Inverse Head and Shoulders breakout & retest? - Above 200 day SMA with turn up - OBV increasing - On daily chart we are above the Point of Control which aligns which closely with purple horizontal - We could see a retest of this line so I would be DCA'ing from here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here. In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also. Fundamentals (for fun and stamping the stock into our mind): - CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player - Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs) - Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023) - CIPHER announced record production during the month of May 2023. It appears things are just heating up. Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering “We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
NASDAQ:CIFRLong
by PukaCharts
1
Correlation between RIOT | BTC 📊 Today, let's dive into the intriguing world of crypto mining and its connection with Bitcoin. We'll compare the charts of the mining company RIOT Blockchain (RIOT) and Bitcoin itself, shedding light on the correlation between mining-related stocks and the leading cryptocurrency. 📊 The Mining Equation: Mining is a fundamental component of the cryptocurrency ecosystem, and it's a process that should ideally be profitable. As miners secure the network and validate transactions, their success can often align with the overall health of the crypto market. 🧰💰 RIOT and Bitcoin: A Comparison: When analyzing the charts of RIOT and Bitcoin, you'll often notice a correlation. RIOT's performance tends to be influenced by the price movement of Bitcoin. As Bitcoin's price rises, it often brings increased profitability for miners, reflected in the performance of mining-related stocks. 📈🚀 What to Watch For: Correlation Strength: Pay attention to the strength of the correlation between Bitcoin and mining stocks like RIOT. A strong correlation suggests that the profitability of miners is closely tied to Bitcoin's price. Market Sentiment: Keep an eye on market sentiment and macroeconomic factors that can influence Bitcoin's price, as these elements can have a ripple effect on mining operations. Diversification: Consider diversifying your portfolio to include assets that can serve as hedges if there are fluctuations in mining profitability. Conclusion: The performance of mining-related companies, like RIOT, often depends on the price and profitability of Bitcoin. This correlation means that watching Bitcoin's charts can provide insights into the potential performance of mining stocks. The cryptocurrency market is dynamic, and staying informed and adapting your strategy to the evolving landscape is key to success. Keep a close eye on both Bitcoin and mining-related stocks to make well-informed investment decisions. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Why RIOT and MARA are solid buys.Hey there traders just popping into share something i've been monitoring for around 2 years now. This starts back at the C-19 Stock Market mania mixed with a little bit of BTC halving crypto craze. When one day i was doing some research on how i can capitalize on the movements of crypto through the stock market via options or really just anyway i could get exposure because at that time i was in another country and i didn't have a valid US Drivers license but that's off the point. Anyway me doing that made me discover NASDAQ:RIOT and NASDAQ:MARA and basically i started to trade those when i wanted to trade crypto without directly trading crypto if that makes any sense. Anyway the price of RIOT and MARA went absolutely crazy during the climb to the ATH of BTC. Then naturally of course it came back down to simmer just as BTC is now, and the way i've been keeping tabs on Crypto while i've been out of the market is I had bought a share a while back on 1/12/2023, since then that one share has been up to 100%+ and is still currently now sitting around 67% gain. The Meat and Potatoes RIOT & MARA can print on options, or if you hold the shares from around now until the halving and a little after to really get the best of both worlds. A little insight on what RIOT and MARA are and how they relate to BTC NASDAQ:RIOT refers to Riot Blockchain, Inc. It's a company primarily involved in Bitcoin mining. Their objective is to expand their operations and thereby increase the number of Bitcoins they mine. NASDAQ:MARA stands for Marathon Digital Holdings. Similar to Riot, Marathon is focused on Bitcoin mining. They aim to be one of the largest and most environmentally considerate Bitcoin miners in North America. Both companies' stock prices tend to be influenced by the price and overall sentiment around Bitcoin because their core operations revolve around mining this cryptocurrency. Thanks for reading. Tinfoil hat is off now
NASDAQ:RIOTLong
by M1ndless
2
$RIOT Showing Bearish Signs, Trending to $6.22 - $7.21 Buy ZoneRiot Platforms (RIOT) had a strong rejection from the yellow resistance line in Q3, and closed with a bearish engulfing candle. RIOT has a high risk of trending downward for Q4, and has already started showing a lot of bearish signs. On the 3-day time frame the EMA ribbon is acting as an area of resistance. RIOT has dropped below the Ichimoku cloud of support, and RIOT has just lost support at the white trend line. I believe that RIOT will trend down towards the light blue support level over the next few weeks for a potential bounce there.
NASDAQ:RIOTShort
by realchartchamp
4
I Predict A RIOTRiot Platforms NASDAQ:RIOT - Above 200 day SMA & sloping upwards - Ascending parallel price channel . - Break of OBV resistance levels have been positive - We have just broken above the Feb 2021 OBV high New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it. As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners. I previously covered CIPHER Mining NASDAQ:CIFR and Marathon Digital Holdings NASDAQ:MARA both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move). You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder. Play it safe PUKA
NASDAQ:RIOT
by PukaCharts
2
RIOT: Approaching a significant support area.RIOT is correcting with the rest of the markets. As crypto market is doing damage control, it is interesting to see how RIO and other mining companies will hold up. Q2 earnings were good and RIOT is many progress on many of their problem areas, but the price will follow the broader markets. Price is however approaching a very strong support area along with .618 retrace of the run since the December bottom. At least a decent bounce can be expected there. if that doesn't hold then the next support area also coincides with the .5 fib retracement. Longer terms it is also creating some sort of a cup and handle pattern, so in either case, I will be watching BTC price action closely to make my next entry. Wave 3 target is high up in the sky, so there is no big rush. Last entry returned about 4x. Next one could be over 10x if things play out the they should...
NASDAQ:RIOT
by mukit1
4
Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto market had a resurgence and is now in the dog days of crypto summer. The MACD shows some bullish divergence. The volume profile shows most of the buying was in the 16-17 range. RIOT is far below that with relative volume voids in any movement back to that level. I see this as a long trade setup with 30-40% upside on the stock and much more in a one or two month call contract. If you would like to know my parameters on a long stock trade or call options please leave a comment. ( please also see my BTBT post, like and subscribe).
NASDAQ:RIOTLong
by AwesomeAvani
5