Riot 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...
Riot is currently targeting the upper trend line of its descending channel and is targeting $11-$12. I'm long on Riot until those price targets are reached. Waiting for a retest of the $5.50-$6 region to buy $6.50 calls for Riot with 8/19 expiration.
#Bitcoin #RIOT #RIOTBlockchain RIOT Blockchain as an equity relies heavily on BTC price movements. BTC looks like it's edging to move up any day now. RIOT, technically, looks like it could either break to the upside, or trade sideways pretty soon. Given my bullish stance on BTC, I have a bullish bias towards RIOT, even though, competing companies have found...
We are weeks away from a breakout potentially, and it all depends on daddy Bitcoin's movements.. but seeing this pattern forming .. Which is typically very bullish..
As long as bitcoin behaves and continues to make highs, RIOT looks like it'll break out anytime now. Bullish pendant + hidden divergence on Weekly = bullish. If BTC doesn't have a huge correction in coming weeks I could see this jump to 37$ (70% fib level), which would be a major resistance.
Free yourself from old ideas: think of another version of events.
As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
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 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...
$riot looks good on multiple timeframes. $riot has doubled it's $btc production rate since last year and with the next $btc halvening in just 2 years, this looks bullish for $riot
On Friday, Riot broke a key support at $14 and is not trying to find support. The next support levels are all in the single digits. I do think the support at $9 will likely break and that we'll end up somewhere between $3-6. Let's see what happens in the coming weeks.
Short $RIOT CMP $17.21. Bear flag. MACD turned bearish. 9 SMA rejection. This one tried to break above 50 SMA but failed. Short Target 1 is $13 area
As many of my followers know, I am typically not one to talk about stocks (as my username indicates, I largely talk about cryptocurrencies). However, I do typically make exceptions when the stocks deal with crypto and/or blockchain. In this example, I want to call out the falling wedge that has occurred with RIOT blockchain. Since the all-time high (ATH) at the...
> Riot Blockchain has been dragged down by the greater tech market sell off. Bitcoin is still holding up. Considering the correlation Riot has to Bitcoin's price, this provides upwards momentum. > The Nasdaq is falling into daily and weekly Oversold RSI levels. This increases the likely hood of a bounce in equities, suggesting upward momentum in Riot. Earning...
As highlighted a few weeks ago The #Blockchain equities are giving us a major tip of the hat to where #BTC and #Eth could be heading #MSTR #COIN Galaxy digital #Riot
Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated. > I Believe that an ascending support line, has been tested multiple times by both Riot Blockchain and Bitcoin . > With significant momentum driven by earnings season. Earning season is providing significant...
This doesnt look good for Bitcoin. This could be the beginning of BTC to retest 20k level if the dollar keeps spiking. Commodities at all time highs, the USD is needed globally... much sooner then they need Bitcoin. Until commodities are paid in BTC, the Dollar will remain strong with EUROPE / Global uncertainty