BTC to retest all time highAfter BTC broke down from the head and shoulders pattern there was a retest of the neckline. At this time BTC is currently trending in a falling wedge which i believe to be bullish.
Technical analysis in my opinion is an art and subject to interpretation. Please do your own research before investing into a volatile asset like BTC. Good Luck!
FYI: Blue lines indicate measured move.
RIOT
$BTC WeeklyThe $40,500 - $45,000 zone has been a support and resistance area since December 2020.
If you're a bull - you want this support zone to hold and imply a move back up to $50K +
If you're a bear - you want to see a break of this zone implying a move back down to ~$35K area (blue EMA cloud)
My bias is to the upside : )
$RIOT Weekly Wyckoff Phase E IncomingRiot looks ready to enter Phase E of the wyckoff accumulation pattern on the weekly. Watching for a break over $39 and a move up to $48 in the next few weeks.
Strong rejection at $39 but holding the EMA cloud nicely.
With BTC above $52K my bias is to the upside this week.
RIOT. blockchain stock. looks ready to run.RIOT just has to clear a little bit higher then it will likely be a runaway train.
Take a look at MARA. You can see it has a really similar price story, and it is tilted slightly more upward. MARA was the definite winner between the two stocks at this stage, however, it looks like both have support from the bull community.
GOOD OPPORTUNITY ON RIOT IN THE SHORT TERMRiot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States.
This asset is directly related to the Bitcoin price trend. At the same time, it offers less risk than the cryptocurrency market.
The trend seems to want to reverse its trend in the short term. Great scenario for different investment strategies. Operations with different interesting risk-return ratios.
Crypto - Short MARA Domed House and 3 PeaksIdea for MARA:
- Domed House and 3 Peaks, its a Wyckoffian variation of UT/UTAD and LPSY.
- Bitcoin at "Return to Normal" Phase of classic bubble pattern.
- There are no fundamentals which support the rise in risk assets - especially in crypto, aka "sucker's rally".
GLHF
- DPT
$RIOT Analysis & Key levels$RIOT Key levels
I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support levels…
Red = Key levels
Green = resistance
Blue = trendiness
If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan.
Here I’m keeping an eye on that blue trendline that is just a little below here…
riot w3 swingfollow up post to my last prediction (view it at the bottom of this text)
catch riot at $29, and ride it all the way up to $69
could hold it longer if you'd like, to around $200+
my trade though, is a shorter term trade to cash in on this upward volatility.
crypto miners will outperform ever asset class combined in the stonk market
position yourself accordingly ~
$RIOT Target 45.70 for 51.27% $RIOT Target 45.70 for 51.27%
Or next add at 30.47
We've gotta push through the resistance here... Let's go...
I did not add here...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
BITF - Undervalued to peers, based on BTC minedBitfarms Ltd. is a canadian bitcoin mining company. Resistance at $6.45, as that is highest close and tested that level twice already. The chart basically follows bitcoin, so I am going to write about bitcoin mined compared to RIOT and MARA. BTC mined for BITF in may 2021 = 262, RIOT = 227, MARA = 227. June 2021 = 265, RIOT = 243, MARA = 266. MC of BITF is 5x less than MARA and RIOT. Earnings is Aug 16th, so if there's a pullback . It would be good time for entry.
HUT - Look for 50% Fib extension as resistanceHut 8 Mining Corp. is a canadian based digital asset miner. Look for 50% Fib extension as resistance, $6.82. Right now, Bitcoin is pulling back 1%. Options flow: The Aug 20 expiry, put/call ratio = .11 and Sep 17 expiry , put/call ratio = .05. IV is high with earnings Aug 12th. If you own shares, you can sell puts to capture premium. Good Luck!