RIOT is about to fill the gapRIOT is about to fill the gap either today or tomorrow.
I published the same idea on miners previously, from there the stock was up around 30%
RIOT trade ideas
BTC, RIOT, MARA and More...Catch our in-depth analysis of Bitcoin's weekend performance and the potential for RIOT and MARA gap-ups on Monday! Follow us on TradingView for more insights. 📊
Bitcoin could get another leg up to $70, $75 or even $80k before taking the needed larger correction to sub-60k!
Riot masterplan for this cycleI think there is a 25% chance that we have seen the high of this cycle and a 75% chance that the 4-year cycle will play out like the last ones have (with BTC expected around October/November 2025). My plan is to sell my Riot holdings in 2025.
Good luck
RIOT Double Combo or another wave down?If it comes up from this point and this wave down isn't greater than the previous wave, I'm leaning towards the pullback being done. The W-A of W-(W) is questionable on counting and could easily see the first 3 waves being 5 waves instead. If that is the case, I'd lean towards another wave down. Either way, the correction is probably getting close to done.
RIOT: Time to wake up and get readyRIOT April breakdown has confirmed the intermediate wave 2 still intact. Good news is, price is likely making a major bottom. The bottom rectangle on the chart represents several technical support zones and if price comes down to this area, it will be a buy for me. We should at least expect a bounce from there. But if price doesn't hold in this area, then we have something else going on and the correction may turn out into a complete annihilation of this stock. Risk management is of the upmost importance once the toe is dipped.
RIOT potential buy setupReasons for bullish bias:
- Price bounced from support
- Price respected trendline
- Swing trade
Entry Level(CMP): 12.40
Stop Loss Level: 9.97
Take Profit Level: 15.63
$RIOT callThe chart looks beautiful!
Bought April 19th $10 call for $2.82
CRYPTOCAP:BTC will be much higher by expiration.
RIOT retraced and could reverse but BTC is falling SHORTOn the 15-minute chart- RIOT uptrended and then retraced. It is now supported by the
standard Fibonacci retracement zone and UNDER the intermediate term mean anchored VWAP.
On the RSI indicator, the signals are UNDER the 50 level another suggestion of direction
being forecasted. In the meanwhile BTCUSD is trending down. while RIOT is not trading. I will
watch RIOT after the open on Monday fully expecting it will fall into the lower VWAP bands but
there could be a surprise if BTCUSD reverses over the weekend.
Texas Clashes with Bitcoin Mining Firm RIOTIn the heart of Texas, a clash of interests has erupted as Riot Platforms' ( NASDAQ:RIOT ) ambitious plans for a Bitcoin mining facility encounter staunch opposition from local residents and authorities. What initially seemed like a promising venture for economic growth and job creation has now become a battleground, highlighting the environmental and social concerns associated with the burgeoning Bitcoin mining industry.
The Rejection:
On March 11, the Navarro County Commissioners dealt a significant blow to Riot Platforms ( NASDAQ:RIOT ) by rejecting their proposal for a reinvestment zone, a crucial step in establishing the largest Bitcoin mining facility in Texas. Citing overwhelming public opposition, the commissioners opted against approving the zone, signaling a shift in sentiment towards Bitcoin mining in the Lone Star State.
Residents' Concerns:
The rejection reflects a growing chorus of concerns voiced by Texans regarding the environmental impact, energy consumption, and noise pollution associated with Bitcoin mining operations. Despite Texas' historical embrace of industrial activities like oil drilling and fracking, residents are now questioning the benefits of incentivizing Bitcoin miners, especially in light of the industry's hefty resource demands and limited job creation.
Water and Energy Consumption:
Foremost among residents' concerns is the substantial water and energy consumption inherent in Bitcoin mining operations. With Texas grappling with water scarcity and rising temperatures, the prospect of a Bitcoin mine consuming 1.5 million gallons of water daily during peak summer months raises significant alarm. Moreover, the industry's contribution to an estimated $1.8 billion increase in the state's yearly power bill underscores the strain on resources and the environment.
Social Impact:
Beyond environmental considerations, critics argue that the promised economic benefits of Bitcoin mining have failed to materialize. Despite Riot Platforms' pledges of job creation and investment, the reality falls short of expectations, with only a fraction of projected jobs materializing and minimal economic spillover into local communities. This disconnect between promises and outcomes fuels skepticism among residents and officials alike.
The Industry's Response:
In response to mounting opposition, Riot Platforms ( NASDAQ:RIOT ) and other Bitcoin mining companies defend their operations, highlighting the economic activity generated by their facilities and the ancillary benefits to local businesses. However, concerns persist regarding the industry's reliance on automation, which limits job opportunities, and its failure to align with the broader interests of Texas communities.
Future Prospects:
As Riot Platforms ( NASDAQ:RIOT ) contemplates its next move in Navarro County, the broader implications of the Bitcoin mining clash reverberate across Texas and beyond. The standoff underscores the need for a balanced approach to economic development, one that considers environmental sustainability, community well-being, and long-term prosperity. Whether Bitcoin mining can reconcile its ambitions with the concerns of local residents remains uncertain, but the outcome will undoubtedly shape the future of the industry in Texas and beyond.
JPMorgan Upgrades Riot Platforms Stock Rating. Idea 21/03/2024Investment analysts at JPMorgan have upgraded Riot Platforms Inc.'s stock rating from "Neutral" to "Overweight" and set a target price of 15.00 USD. This adjustment is based on the anticipated significant growth in Riot Platforms' hash rate, a key performance indicator in the cryptocurrency mining industry.
Riot currently operates with a hash rate of 12.4 EH/s at its 700 MW facility in Rockdale. The company aims to activate nearly 20 EH/s at a new 1 GW facility in Corsicana within 2024. This expansion is expected to enhance the efficiency and profitability of the company's mining operations.
Therefore, let's delve into the technical analysis of Riot Platforms Inc.'s stocks.
On the D1 timeframe, a support level was established at 10.60 USD, with resistance at 12.20 USD. There is a noticeable deceleration of the downward trend and the formation of a relatively narrow channel between the resistance and support levels, with a confident rebound from the mid-January 2024 support levels.
In the H1 timeframe, long positions may be interesting upon breaking through the 12.20 USD level, with a 13.71 USD short-term target. From a medium-term perspective, holding a long position of up to 15.02 USD could be considered.
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RIOT trade idea.If BTC uptrend in tact. RIOT has bullish post-june fundamentals. If Rate cut thesis in tact etc.
RIOT: In the middle; bull and bear caseIt's been rough for the miners. As BTC is making all time high, miner stocks are not getting any love. This divergence is ultimately result in market picking a direction after the consolidation is over. Right now, RIOT is range bound, sitting at the middle of a channel. I have both bullish and bearish EW count. Whichever is correct, doesn't really matter, as longer timeframe still looks very bullish.
Bullish case:
The blue count assumes minute degree wave 3 should start very soon. As long as price stays above $9.64, the bull case is still alive. Price looks to have found some support at the midline of the channel and if next week we see a nice big candle to the upside, it might get some momentum to start the wave 3 of 3 of 3. Risk is lower above $18.5.
Bearish case:
The black count assumes intermediate wave 2 correction is about to complete. Minute degree wave 3,4 and 5 will get going very soon and price should get back towards the bottom of the channel to complete this almost 8 months long consolidation. This may also align with a short correction for BTC and overall markets for the next couple of weeks. After that we should see a clear reversal and upward movement.
RIOT - Recovering Vectors and Gaps - BullishNASDAQ:RIOT
-Consolidation is expected as lower highs and higher lowers are printed
-RIOT is filling gaps and vector candles at ~11.5 and ~12.2 respectively
(So buy zone should be around those)
-Pivot point was registered at 11.94
-As long as it doesn't break the low ADR ~11.3 we should be good
-If it breaks low ADR, the new pivot could be ~9.7
-Target 1 should be ~14.6 as it recovers vector
-Target 2 should be ~16.3 as it recovers vector in daily timeframe
*Not Financial Advice*
RIOT REVERSAL SIGNSThe daily price movements remain below the 200-day moving average (200MA). However, there's a potential for a test of the lower trendline marked in yellow. Historically, after such a test, we anticipate a reversal. Considering the ongoing market trends with #BTC, a reversal appears imminent.
Mara/riot/IBit/Btcusd Mara and riot both have double tops. IBit has several FVG that are quite large along with Mara and riot — i think these sellers and buyers will get a chance to get back in, and it will push back up.
RiskMastery's Breakout Stocks - RIOT EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:RIOT ...
I believe this code is at a point of potential volatility.
If price can hold above $14.44 ... Bullish potential may be unlocked.
My key upside targets include:
- $18.29 (Conservative)
- $24.61 (Medium)
- $29.05 (Aggressive)
If however price falls below $11.54 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
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RIOT to $30Consolidation complete with rising BTC, this should bounce of right shoulder as support for invers H/S and run to $30
Small Upside Head and Shoulders on the back of Huge Cup & HandleI've been following Riot for a couple of years. A cup and handle pattern has formed on the daily. It appears to me an upside-down head and shoulders have formed on the back of the handle. Maybe this is a squeeze before finally breaking resistance. Considering the halving event is coming in April, this could be a potential opportunity, or another swoop of profit taking which sends the stock through another grueling clawback. I'm watching resistance and the neckline for any indication. Bitcoin hit 62K. Can Riot follow or is this going to be a lagger in mining?
RIOT Lights the Path: Get In on the Buy Action Today!"## RIOT Stock: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Riot Platforms Inc. (RIOT):** A Bitcoin mining company that utilizes immersion cooling technology.
* **Listed:** NASDAQ.
* **Market Cap:** ~$3.6 billion (as of Feb 27, 2024).
* **Business Model:** Generates revenue by mining Bitcoin and selling it on the open market.
* **Key Metrics:**
* Hashrate (computing power): ~4.9 exahashes per second (EH/s).
* Bitcoin holdings: ~13,352 BTC (as of Dec 31, 2023).
**Recent News:**
* **Feb 22, 2024:** Riot Platforms reports full-year 2023 financial results, highlighting increased Bitcoin production and hashrate growth.
* **Feb 5, 2024:** Company announces January 2024 production and operational updates, including exceeding monthly Bitcoin production targets.
* **Jan 4, 2024:** Riot Platforms enters into a strategic partnership with Compass Mining for immersion cooling technology deployment.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice.
* The cryptocurrency and stock markets are highly volatile and carry significant risks.
* Do your own research before making any investment decisions.
**Additional Notes:**
* RIOT stock price is heavily influenced by the price of Bitcoin and broader market trends.
* The recent news highlights the company's growth in mining capacity and production.
* It's important to understand the risks involved in investing in volatile assets like RIOT stock.
I hope this information is helpful! Please let me know if you have any other questions.
