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RIOT trade ideas

Price Explosion is imminentI think RIOT is one of the more undervalued mining stocks for many reasons. Their HODL balance is over 9000 now, their new Corsicana facility is coming online as we speak and has already been energized. New miners replacing the outdated less efficient ones. The largest overhang is the share dilution over the years to scale things up however, this company has very little to no debt and very strong cash & equivalents, are planning to scale to 100 EH/S, with their goal being north of 30 by the end of this year (around 3x more EH/S). With an increasing BTC HODL balance, and an expectation of 100,000$ BTC in the near future, one could estimate at least a 5-6x boost in the share price here. (3x growth multiplied by BTC price increase + HODL balance increasing in value). I think end of this month and into next will see consistent upwards price action. Targeting 100-125$ by 2025.
NASDAQ:RIOTLong
by TheTraderAndy
1
Mining Company; @RIOT $RIOTHere’s my observation: the mining company might not be able to generate substantial revenue going forward. This is because once the halving occurs, the rewards for each block are halved. Moreover, if they continue mining with their current equipment, it may no longer be profitable unless they increase the hash rate. However, this will incur additional costs for the company. Furthermore, electricity costs are not decreasing, which would add more expenses to the company’s operations. On the other hand, if the Federal Reserve (FED) remains hawkish, it could instill fear in the entire asset market. While this might not be the biggest factor, the Bitcoin (BTC) halving could trigger a significant rally if liquidity is withdrawn from bonds or becomes cheaper due to a decrease in discount rates.
NASDAQ:RIOTShort
by Growth_Investor2050
22
Riot contraction before explosionIf my thesis on BTC pump this week is correct, RIOT is heavily lagging the move. Riot is not my preferred miner, but a lot cheaper to swing trade or sell options on than Mara and CLSK. I choose riot this week specifically because of the net negative vs. BTC price action lately. I am entering call spreads 10$ strikes with early July and Sept, plus I sold some puts to hopefully buy them back for much cheaper if Riot prints. -Short-term target 12.4$, lots of resistance here but could pump right past it -Medium term is 15-18$ depending on BTC
NASDAQ:RIOTLong
by Apollo_21mil
6
Bitcoin Miner Riot Platforms Set to Acquire Bitfarms for $950M Bitcoin mining giant Riot Platforms ( NASDAQ:RIOT ) plans to acquire Bitfarms Ltd. for $950 million, signaling a significant consolidation trend in the sector after the Bitcoin halving event. Riot aims to take over Bitfarms after acquiring a 9.25% stake, offering $950 million in cash and stock, marking a pivotal moment in the industry's evolution. The proposed acquisition underscores the ongoing consolidation in the Bitcoin mining sector, spurred by the recent Bitcoin halving event. Riot's bid for Bitfarms, valued at $950 million, positions the combined entity as a dominant force in Bitcoin mining globally. This consolidation trend mirrors the larger shifts in the cryptocurrency market, as companies seek strategic alliances to navigate evolving market dynamics. Riot's offer to Bitfarms comes amid management upheaval within the latter, with Bitfarms recently terminating its interim CEO, Geoffrey Morphy, following legal disputes. Despite Bitfarms' rejection of the initial offer, Riot ( NASDAQ:RIOT ) remains steadfast, planning to push for discussions and propose new directors to enhance corporate governance. Bitcoin mining faces challenges post-halving, impacting profitability for miners. Riot, with its extensive mining facilities in Texas, aims to capitalize on market opportunities, while Bitfarms expands its global footprint, particularly in South America, leveraging cheaper electricity costs for mining operations. Both NASDAQ:RIOT and NASDAQ:BITF stocks surged post-announcement, reflecting investor interest in the Bitcoin mining sector, but sharply retraced to new support level currently trading down by 0.72%.
NASDAQ:RIOT
by DEXWireNews
Update for RIOTHello everyone I could not realize that why Moderator marked my last RIOT idea as an "understandable idea" and how much I tried to get the reason or feedback I did not get any answer but I respect to his decision (He know the charts better than me). I have waited for this symbol for a long time and I hope to get a good position (If confirmed), so you can follow me in this chart if you are interested in this instrument. For now, RIOT has had a moderate correction to 50 % of its wave 2 minor and I am waiting for tomorrow morning if it starts to rise for its RALLY or make my counting failed and make me forced to recount it. Thanks
NASDAQ:RIOTLong
by AMA_FX
1
$RIOT Inverse Head & ShouldersNASDAQ:RIOT Inverse Head & Shoulders, our algorithm currently show a a sell alert large red dot, we are bullish bitcoin and so not we wait for a large green dot to accumulate. Riot Platforms, Inc. (formerly Riot Blockchain, Inc.) is a publicly traded Bitcoin mining company based in the United States. It operates large-scale Bitcoin mining facilities and focuses on expanding its mining capacity and infrastructure. **Key Points About Riot Platforms:** * **Bitcoin Mining:** The company's primary business is mining Bitcoin, utilizing specialized computers to solve complex mathematical problems and validate transactions on the blockchain. * **Data Centers:** Riot Platforms operates and invests in data centers to house their mining equipment and provide the necessary computational power for mining operations. * **Energy:** The company is focused on using sustainable energy sources for its mining operations to reduce its environmental impact. * **Publicly Traded:** Riot Platforms is listed on the NASDAQ stock exchange under the ticker symbol "RIOT." **Riot Platforms' main goal is to:** * Increase its Bitcoin mining capacity. * Become a leading player in the Bitcoin mining industry. * Contribute to the growth and adoption of Bitcoin. If you're interested in learning more about Riot Platforms, you can visit their website or search for their financial filings on the SEC's EDGAR database.
NASDAQ:RIOTLong
by AlgoTradeAlert
A good gift in stock for my little group Hello everyone I am really happy that I have been able to find this profession and learned it (Learning yet) and so find a way to make money and help others to do that. For new season of crypto market we should consider those stock symbols that work in this field, so I want to give you (for those that does not know it) a good chance to invest for your futures but please do it safe and with money management. I talked too much but I am excited because I have had this symbol under my monitoring for a long time (2010) and I guess it is confirming its reversal. If all my estimations are correct and everything goes well so we can invest a part of our balance in this symbol for future years. This is just my estimate and do not give you any entering signal and please check it yourself and then get it if you want. I recommend zoom in and enter it in H4 if your confirmations are approved. This project is working on BTC mining industry. Thanks
NASDAQ:RIOTLong
by AMA_FX
7
RIOT - long and medium-term plans. The technical and fundamentalHello, friends! It's Shark here, and today we'll be examining the technical and fundamental aspects of RIOT Mining Company stocks. We'll delve into both long-term and medium-term plans. Technical Analysis: Long-term Trading Plan (pink color), Timeframe: one month Global support level: $1.61 Global resistance level: $36.38 Global accumulation level: $46.20 The chart indicates that the price has been in global accumulation for 3000 days with a step of 2773%. Note the global descending trend line. Currently, the price is at its resistance. The long-term trading plan suggests breaking through the global descending trend line and the asset's growth towards global highs by approximately 28,200%. Medium-term Trading Plan (blue color), Timeframe: one week Channel support level: $4.12 Channel resistance level: $20.83 Channel width: 405% Mid-channel: $8.76 The price is in global accumulation, moving from support to resistance and back. Rising lows indicate an uptrend. Currently, a crucial point for the medium-term trading plan: the mid-channel level at $8.76 acts as support and has been confirmed multiple times. If the support holds and the price rebounds from the ascending trend line, there's potential for a +400% rise to the global resistance level at $46.20. Fundamental Analysis: Fundamental Analysis of RIOT Stock: RIOT Blockchain, Inc. is involved in bitcoin and other cryptocurrency mining. It actively invests in infrastructure and technologies to enhance mining efficiency. Let's examine the key factors that may influence the growth of RIOT stocks, as well as historical events that have impacted its value. Historical Events and Their Impact on RIOT Stocks: Bitcoin's Popularity Surge: During periods of significant bitcoin price growth, RIOT stocks have also shown considerable increases. For instance, in late 2020 to early 2021, when bitcoin reached new all-time highs, RIOT stocks grew by over 1000%. Regulatory Changes: In December 2020, news of potential cryptocurrency regulation tightening in the US led to a short-term decline in RIOT stocks. However, the company quickly recovered due to strengthened market positions and the implementation of new technologies. Technological Innovations: The introduction of more efficient mining machines and energy management technologies allowed RIOT to increase productivity and reduce costs, positively impacting the company's financial results and stock. Potential Events That May Influence RIOT Stock Growth: Bitcoin Price Increase: Since RIOT is involved in cryptocurrency mining, rises in bitcoin and other cryptocurrency prices directly affect its revenues and, consequently, stock value. Infrastructure Investments: Continued investments in new mining facilities and infrastructure development, including transitioning to cheaper and more environmentally friendly energy sources, can significantly increase the company's efficiency and revenue. Regulatory News: Favorable changes in cryptocurrency regulation can promote RIOT stock growth, while regulatory tightening may pose short-term challenges. Partnerships and Strategic Alliances: Forming strategic partnerships with major players in the blockchain and cryptocurrency industry, as well as potential collaborations with financial institutions, can significantly increase the company's market capitalization and attractiveness to investors. Conclusion: RIOT Blockchain, Inc. stocks have significant growth potential due to its position in the cryptocurrency market and active investments in technology. However, like any other stocks, they are subject to the influence of various factors, including market trends, regulatory changes, and technological innovations. Investors should carefully monitor these aspects and consider them when making decisions about investing in RIOT stocks. If you enjoyed the analysis and would like more similar reviews, please like! Share your opinion on this asset in the comments below. Don't forget to subscribe to the channel to not miss new videos and updates. Thanks for watching, see you soon!
NASDAQ:RIOTLong
by SHARK1318
One more "RIOT" to $16 and then the big correction in BTC!Long on NASDAQ:RIOT Short-Term Price Targets: By Friday (May 17) or Following Monday: $11.50 to $12 Early June: $14 Early to Mid-June: $16 Technical Analysis and Key Indicators Support and Resistance Levels Immediate Resistance: $11.50 to $12 Next Resistance: $14 Upper Resistance: $16 Chart Patterns and Technical Indicators Moving Averages: Check the 50-day and 200-day moving averages for bullish confirmation. Volume Analysis: Increased volume on upswings suggests strong buying interest. RSI (Relative Strength Index): Monitor for overbought conditions as NASDAQ:RIOT approaches target levels. Market and External Factors Bitcoin Price Correlation: Keep an eye on Bitcoin’s price movement; NASDAQ:RIOT often follows Bitcoin’s trend. Regulatory News: Stay updated on any news that could impact the crypto sector and NASDAQ:RIOT ’s operations. Overall Market Sentiment: Watch for changes in market sentiment, particularly in tech and cryptocurrency sectors. Risk Management Stop-Loss Orders: Place stop-loss orders to protect against unexpected downturns. Adjust stop-loss levels dynamically as NASDAQ:RIOT price moves up. Position Size: Maintain a position size that aligns with your risk tolerance. Summary Immediate Goal: $11.50 to $12 by May 17 or the following Monday. Next Goal: $14 by early June. Final Goal: $16 by early to mid-June. Stay focused on Bitcoin’s price movements and overall market conditions to validate the bullish momentum in $RIOT. Adjust your strategy if significant changes occur.
NASDAQ:RIOT
by candlestickninja
1
RIOT Short Term Rally on a low VIX?As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term. I still predict Bitcoin to have a $70-$75k rally before the "big" late year correction, as well as RIOT having a $13-$14 rally that may go in unison with this. I was stopped out this morning on my May 17th RIOT 10.50 calls, but reentered at $9.28-$9.35 on long 9.50 may 17th calls (along with more long UVIX calls as a hedge with the same expiration).
NASDAQ:RIOTLong
by candlestickninja
RIOT: Staying on bearish side until bulls can prove me wrongStaying with bearish count until price can break above $18.36. Since BTC is pumping, would expect some more gains for RIOT next week, but don't expect much at the moment. The earnings were good and company is doing a lot of right things to become the leading name in mining. There is an inverse head and shoulders patter forming. I have taken a small position at around $8.5 where I got a buy signal and taken some profit. I want to see another lower low to fill my bag properly. If I don't get my wish and if $7.8 was the final low (technically it could be), then I will look to buy the dips only after price moves above $18.36.
NASDAQ:RIOTShort
by mukit1
2
Bullish RIOT Short Term, Diamonds Everywhere!Bullish on RIOT: Diamonds Everywhere! Late Day and 1 Week Rally Inbound Short Term Target: $11 | Intermediate Next Week Target: $14+ The cryptocurrency market is heating up, and RIOT Blockchain Inc. (NASDAQ: RIOT) is poised to shine brightly. Here's why I'm bullish on RIOT for the short term: 1. Bitcoin Momentum: Bitcoin (BTC) is witnessing renewed momentum, and as one of the largest Bitcoin miners in North America, RIOT stands to benefit significantly. With Bitcoin surging towards key resistance levels, RIOT's mining operations will likely experience increased profitability, driving the stock price higher. 2. Institutional Interest: Institutional interest in cryptocurrencies is at an all-time high, with major financial institutions and corporations investing heavily in Bitcoin. This influx of institutional capital not only bolsters Bitcoin's value but also validates RIOT's business model as a leading Bitcoin miner. 3. Market Sentiment: Market sentiment surrounding RIOT is overwhelmingly bullish, with analysts predicting further upside potential. The recent pullback presents an attractive buying opportunity for investors looking to capitalize on RIOT's long-term growth prospects. 4. Technical Analysis: Technical indicators suggest a bullish outlook for RIOT in both the short and intermediate terms. The stock is currently trading above its 50-day moving average, indicating positive momentum. Additionally, key support levels are holding, suggesting strong buying interest. 5. Catalysts: Several upcoming catalysts could propel RIOT's stock price higher in the coming days: Earnings Report: RIOT is scheduled to release its earnings report, which is expected to show robust revenue growth driven by increased Bitcoin mining activities. Bitcoin Halving: The upcoming Bitcoin halving event, scheduled in the next week, will reduce the reward for mining new Bitcoins, potentially leading to a supply crunch and driving Bitcoin's price higher, benefiting RIOT's mining operations. Conclusion: In conclusion, RIOT is well-positioned to capitalize on the growing interest in cryptocurrencies, particularly Bitcoin. With favorable market conditions, strong institutional support, and upcoming catalysts, I anticipate a late-day rally followed by a sustained uptrend over the next week. My short-term price target for RIOT is $11, with an intermediate target of $14 or higher. Investors looking for a high-growth opportunity in the cryptocurrency space should keep a close eye on RIOT. Diamonds are indeed everywhere for those who know where to look, and RIOT is one of those sparkling gems. (Note: Remember to perform your own due diligence before making any investment decisions. Cryptocurrency investments carry inherent risks and may not be suitable for all investors.)
NASDAQ:RIOTLong
by candlestickninja
$RIOT, more downside before upside?I know everyone is bullish BTC and miners here, but the charts still don't look great even after the bounce. I think what's most likely from here is that we sweep the lows before getting a sustained trend higher. We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the move up, and supports haven't been retested from the initial leg up in February. Most likely scenario is to find support in that $6.69- $7 region and then I think we'll likely see a positive reaction after earnings next week. Lots of risk over the coming days IMO. Bid lower supports and then we'll see how high we can go to the upside after.
NASDAQ:RIOT
by benjihyam
3
Gemini AI Analysis of RIOT (Riot Platforms) Stock (Bottoming) Based on the provided chart and technical indicators, here's an analysis of Riot Platforms, Inc. (RIOT) and its potential forward outlook: Trend Considerations: Long-Term Downtrend: The price has been in a long-term downtrend since late 2021, evidenced by the consistent lower highs and lower lows. The descending trendline confirms this downward trajectory. Recent Consolidation : The price seems to be consolidating within a range recently, indicating a potential pause in the downtrend. Momentum Indicators: RSI (Relative Strength Index): The RSI is currently around 28, which is near the oversold region (below 30). This suggests that the downward momentum might be weakening and a potential rebound or consolidation could occur. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are negative, indicating bearish momentum. However, the histogram bars are decreasing in size, which could be a sign of weakening bearish momentum. Other Observations: JP Macro Trend Dynamics : This indicator shows a mix of green and red bars with no clear trend, suggesting uncertainty in the market sentiment towards RIOT. Heikin Ashi Candles: The Heikin Ashi candles are predominantly red, confirming the overall bearish trend. However, there are some recent instances of green candles, hinting at potential buying pressure. Support and Resistance : The $10 level appears to be acting as resistance, while the $8.50 area might be providing some support. Forward Outlook: The technical indicators suggest a mixed outlook for RIOT. While the long-term trend remains bearish, there are some signs of weakening downward momentum and potential consolidation . Possible Scenarios: Continuation of Downtrend: If the price breaks below the recent support around $8.50, it could signal a continuation of the downtrend, potentially reaching lower levels. Rebound or Consolidation: If the price manages to hold above the support and the RSI moves out of the oversold region, we could see a rebound or a period of consolidation within a range. Trend Reversal: A break above the resistance at $10 with increasing volume and confirmation from other indicators could signify a potential trend reversal and a shift towards a bullish outlook. Additional Factors to Consider: Overall Market Conditions: The performance of the broader cryptocurrency market and Bitcoin, in particular, will significantly influence RIOT's price movements. Company-Specific News and Events: News related to Riot Platforms, such as earnings reports, expansion plans, or regulatory developments, could impact investor sentiment and the stock price. It's important to note that technical analysis is not a foolproof method for predicting future price movements. It should be used in conjunction with other forms of analysis and a comprehensive understanding of the underlying asset and market conditions.
NASDAQ:RIOTLong
by evmeerkat