Following the Crypto TrendDepending on how it all plays out with bitcoin we could see history repeat itself in a big way shortly. aligning with the macro theory that 2026 will be profitable for a majority of traaders, giving the global 2-3 years to get used to higher interest rates markets should settly and head towards new highs as long as nothing too unpredictable happens. following that narative all of these btc mining companies, as long as their in line with developmental goals, should reap the rewards. just spitballing here nothing too serious
RIOT
action up to and at US Stock market open expectedaction up to and at US Stock market open expected for BTC... the reason I care about this is for the RIOT Gap up to hold at least moderately, we are right under VWAPS on the hourly timeframe but are forming a bullish right shoulder and think we will break above 24k just before or just after the 9:30AM EST Bell... to late morning
BTC Mining: The Overlooked Crypto 10x+ CLSK, MARA, RIOT, BITFBitcoin Mining Companies may be able to do 10x - 50x or even more if BTC trades over 50K in the 2024 halving bull cycle.
2025 LEAP options may offer leveraged returns even beyond generic price action.
CLSK is just an example. Multiple opportunities in the space. DYOR
1. Most BTC Mining stocks are multiples away from 2021 all-time highs.
2. Bear market has proven which bitcoin mining companies have strong financial bases.
3. Bear market allowed for companies to implement expansion road map with capital from the 2021 bull market.
4. During Bull market these stocks have volatility normally found in altcoins.
Strongest/Largest players in my opinion: Marathon ( MARA ), Riot Platforms ( RIOT )
Highest growth Value in my opinion: Cleanspark (CLSK), Bitfarms ( BITF )
All investments are risky, calculated and managed risks are always required.
Graphical and Fundamental Analysis of Riot Blockchain (RIOT)1. Graphic Analysis
The price has broken a diagonal support at the white line.
If going to bet on a rise, I would expect a bear trap at $4.
If the downtrend continues, the next targets will be hit on the Fibonacci projection.
$1.30 would be the longer target.
The indicator at the bottom demonstrates the correlation with the price of Bitcoin, which is positive.
The macro scenario remains bad, largely due to the FTX crash.
The quarterly results presented by blockchain and mining companies are being released, and by the way, they are not good.
The question is: if the next results are not positive or if more companies fail, to what extent this would affect Bitcoin and other cryptocurrencies.
2. Fundamental Analysis
IDENTIFIED LONG ENTRY AREA - RIO TINTO LIMITED - RIO - WEEKLYThis time we look at the RIO's price in the Australian Stock Exchange ASX.
The black horizontal line is potentially the strongest support ever.
Price has strongly failed in the past to go under it.
The curve is coming back around those prices which probably pictures a buying zone.
It might probably interesting to buy while in the square and exit when the price goes back again above the up trending black dotted line.
Wanna Share Your Thought About This Idea ?
MARA - MARATHON DIGITAL - DO YOU SEE WHAT I SEE?This video provides an update to my last analysis on Marathon Digital and also provides an update on the performance of BITCOIN.
Please leave a comment below on where you believe MARA stock price will be heading to.
I hope you enjoy the stream.
I am looking forward to sharing my journey as a retail stock trader.
RIOTLooks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.
RIOT BACK TO APRIL LEVELSHigher levels of government spending, lower levels of corporate tax drains, equities and cryptos back to April levels.
Mid September will be different with a scheduled corporate tax payment.
These are the reasons why the market is predictably cyclical.
You might not like MMT, I don't ethically like it, but at least use the knowledge of how the monetary system works to make money.
RIOT (BTCUSD) impulse completion into ABC correctionI believe we are seeing the BTCUSD bull wave finish and now the ABC correction begins. Embedded trading (slow stochastic above 80) is about to be lost and will likely fall. If it falls centerline then the ABC may terminate only half-back from the swing-high.
If the slow stochastic enters below 30 then I think we could retest the prior lows ~19k BTCUSD and ~$5 on RIOT.
As long as price stays above 200 weekly MA it validates a pivot from the bottom.
Time to start a RiotRiot Blockchain
Short Term
We look to Sell at 8.05 (stop at 8.90)
Previous resistance located at 8.00. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 6.04 and 4.25
Resistance: 8.00 / 14.00 / 23.00
Support: 6.00 / 4.50 / 4.00
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$BTC $RIOT Update - Bullish Pennant - Onwards and Upwards?#Bitcoin #RIOT #RIOTBlockchain
RIOT Blockchain as an equity relies heavily on BTC price movements.
BTC looks like it's edging to move up any day now.
RIOT, technically, looks like it could either break to the upside, or trade sideways pretty soon.
Given my bullish stance on BTC, I have a bullish bias towards RIOT, even though, competing companies have found their prices getting hammered due to poor earnings and FUD.
RIOT however produced positive earnings, so fundamentals are much stronger here, plus it's not a penny stock, it's traded on the NASDAQ and accessible to RobinHood traders.
Bullish hidden divergence on weekly time frame / $RIOT, #RIOTAs long as bitcoin behaves and continues to make highs, RIOT looks like it'll break out anytime now. Bullish pendant + hidden divergence on Weekly = bullish. If BTC doesn't have a huge correction in coming weeks I could see this jump to 37$ (70% fib level), which would be a major resistance.
$RIOT ~ Correction still in progress...As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
Riot Blockchain: Weekly RSI illustrating attractive Risk-Reward?Riot Blockchain has been punished harshly over the last few months.
Its common knowledge that Riot is closely correlated to both Tech Equities and Bitcoin. It is also effected by Crypto mining sentiment and macro factors.
With this in mind I believe that this stock is greatly undervalued. I believed it was undervalued at $11-12 but macro-economic factors have distorted this: Central Bank Raising rates; Ukraine-Russian War related Supply Chain Problems; Inflation caused by Supply chain disruptions: War profiteering from Oil companies keeping supply lower than needed.
Between the ranges of $3.60-$4.80 is the ideal accumulation zone. Many holders have a cost base higher, including myself.
Due to rapid growth in the companies mining capacity, which is accelerating into the start of 2023. The company is significantly undervalued from a fundamentals stand point.
The Daily RSI attractiveness is in a similar setup, to the multiple sub 30 RSI tests in 2018. A time period that was also a Bear Market.
1) Be greedy when others are fearful.
2) If you believe in a Companies business and promising future outlook. Don't let a bear market discount be the reason NOT the DCA. Even as the stock has been trashed recently, the fundamentals have not changed.
3) The fundamentals are the strongest in the mining business. With huge mining capacity coming online over 2022 & 2023.
>>> Eyes on the Medium to Long Term<<<
Just one swing traders opinion, not financial advice.