CIPHER 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%...
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...
RIOT video showing my HTF analysis that lines up with the more traditional BTC 1/2ing cycle.
Falling wedge pattern on the 4hr, next 3 days may see a test of the wedge top and hopefully breakout. Last few falling wedge patterns i published did not pan out, ;) Falling wedges are loosing appeal for me -! The miner stocks NASDAQ:RIOT NASDAQ:MARA NASDAQ:WULF are not behaving parallel with BTC, so this is all speculation. Thanks again
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...
Riot 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...
Despite #Coinbase and #Binance news, CRYPTOCAP:BTC got formation for a solid move up within 2-3 coming weeks 📈🚀🤞
Buying Riot here after the circle fake break of the head and shoulders as shown. Nice company to buy if you believe in crypto, well managed. Expect a move back into the pattern and higher to try and break the wedge to the upside
📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin. I follow the same logic for crypto ETFs, in which I analyzed this link: The correlation shown here is a little lower compared to ETF's. 🐔I think that the price will make a hen fly, and then fall more strongly🐻.
📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin. ⌛Waiting to see if a bear trap forms in the purple region, or if more declines are to come...
Already we are seeing present CRYPTOCAP:BTC.D is dumping with BITSTAMP:BTCUSD Sign they money 💰 is going out 😬 Is really big player going out 😬 ??? Or manipulation before big players in 🟡📌 To get know only metric index we have CRYPTOCAP:USDT.D above red ♥️ box day close 📌 whole market dump comfirm 👍 BINANCE:BTCUSDT won't go new low 🔅 instead test ...
If we can get some momentum on this one, we could see it catapult a lot higher. Need to get above the moving averages and have a solid MACD cross for this to potentially happen.
Monthly charts and the RSI needs to have a turn around to have any momentum up in the near future. I expect a strong September depending on global economic conditions. Trading in correlation and tagging along with BTC, I have illustrated the 3 cycles and drew a trendline for my prediction for the new ATH at cycles end. Long term options for 1/17/25 $86. Enjoy the ride.
Riot 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...
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...
RIOT 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...
BTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier today. I see this as an early reversal for a long trade setup with the first target the mean...
Riot Platforms has shown an accelerated decline pattern This figure shows the weekly candle chart of Riot Platforms' stocks in the past three years. The top to bottom golden section at the beginning of 2021 is superimposed in the figure. As shown in the figure, the stock of Riot Platforms has shown an accelerated decline pattern in the past three weeks, and...