RIOT trade ideas
Riot Blockchain, Inc. - $5.99 -> $30 With all of the hype around Bitcoin in 2017, companies were literally created around mining this digital piece of currency. To this day, many powerful individuals still believe a single Bitcoin is worth more than a brick of gold. So why do we sit back and watch whoever created this digital masterpiece get filthy rich? Why not get rich with the bastard?
RIOT is a company who wants to support BTC and collect as many as possible. With BTC recent spike to 18K, I have no doubt it will reach 50k in a very short time as BTC is undoubtedly the currency of the future. Think of it as a central hub that all countries can share ideas with, and grow out of equally. Unfortunately, banks have not accepted this form of currency until VERY recently.
At the same time BTC peaked during 2017, reaching highs of $19.2k, RIOT reached highs of $28.5.
Currently:
BTC - $18,500
RIOT - $5.99
Don't get left behind boys
If BTC breaks $20k within the next few weeks, RIOT will hit at least +$30 by the end of the year. Especially with all the good news coming out.
*These are 100% my own thoughts and predictions. Your money is your own responsibility. I am not a financial advisor.*
RIOT updated chartLooking really nice on the 15min, finding an old trend line again (see green arrows) and making new highs, if this continues we can see $8 by year end I believe.
Playing off the 21sma really well and finding support at all the right levels
RIOT: newest addition to my short-term accountForgot to post about this yesterday,
I entered into RIOT, small lot of $500 to buy 80 shares at 5.21 (used the bounce off the Fib to enter), came out to $5.33/share. I used the proceeds from selling shares of NIO the other week and reentering at a cheaper price, I never buy lots greater than $1.2K USD unless it's something I will hold for longer than 3 months. Got burnt hard this summer playing around with HTBX + SQ & AAPL options. Learned my lesson to say the least lol
Great way to gain exposure to BTC without directly buying it.
Price target: $8
RIOT BLOCKCHAINSupporting the Bitcoin Opportunity
Riot Blockchain Inc. focuses on bitcoin mining, supporting the bitcoin blockchain by participating in Bitcoin’s consensus system through proof-of-work mining, racing to find the next block, and building upon the chain. We aim to be one of the largest and lowest-cost producers of bitcoin in North America.
Bitcoin Mining
Bitcoin mining is Riot Blockchain’s strategic focus and we are committed to the expansion of our operations.
Riot Blockchain Announces Change in its Board of Directors
CASTLE ROCK, Colo., Nov. 17, 2020,/PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announced today that Remo Mancini has resigned from the Company's Board of Directors, effective immediately.
The Company noted, "We are grateful to Remo Mancini for his years of service and leadership on the Board of Directors of Riot Blockchain. He has made an immeasurable impact on the Company. We thank him for his contributions and wish him well." The Company further commented, "Mr. Mancini's decision to resign from the Company's Board of Directors is not the result of any disagreement with the Company's operations, policies or procedures."
www.riotblockchain.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
RIOT long entryMan have I been wrong about this turd before, but it looks like a good place to jump in with a relatively close stop again
Riot to $9.75RIOT usually follows BTC. BTC is looking to hit 20k so Riot should start to push over $6.15 we go to $7.15. Over $7.15 we go to $8.70 before going to $9.75 over $9.75, i'll be looking to take RIOT up to the gap at $16.61, FOMO is kicking up on riot. As long as price stays above $5.86 then I am bullish.
RIOT & BTC poised for a breakout as Fed pumps money supplyThe Fed is standing firm on monetary policy for the foreseeable future. This so far has already clearly contributed to the recent rise in BTC as a USD hedge, and should lead to significant gains in blockchain companies across the board. How high is the question... wouldn't be surprised to see it at $20 by EOY. Let me know your thoughts!
Two stages I'm waiting to buya short retracement also has the potential to be the source of a move that creates a new high.
I bet on that.
I also like the idea that the price falls back to the previous high, it would be a more attractive business
Just think what it will do this timeWhen Bitcoin Moons, so do the mining stocks. Careful it may cool off now.
Be ready for the bigger picture and explosive move!!!After getting out of the short flag, it is now the time for testing the next resistance!
Double bottom. Double bottom on the daily chart and we seem to be breaking out. Long bullish on RIOT.
RIOT Longlong term Bottom might be formed
In Wedge
Entry 3.7
Stop 2.5
target1: 10
target2: 24
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
WowFull roll out on January 1st, Genesis Technology aka Blockchain technology, is just blowing past many others and, in my opinion, just barely getting started
Bullish uptrendWith bitcoin going up Riot follows as well. We gaped up after that bullish flag. Very excited about bitcoin.
$RIOT Blockchain Breakout Alert Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
$RIOT Blockchain 20% upside Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
Buy riot leaps and chillYou can either way until btc dips or just buy calls and chill . Riot follows the trend
Ascending triangle or Bullish flag. Have had a position on RIOT since the beginning of my trading career earlier this year. Thanks to Royce Jacob and it seems like this can be the start of a bullish uptrend. Any feedback is appreciated.
