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RIOT PLATFORMS INC (USD)RIOT PLATFORMS INC (USD)RIOT PLATFORMS INC (USD)

RIOT PLATFORMS INC (USD)

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RIOTD trade ideas

$BTC $RIOT Update - Bullish Pennant - Onwards and Upwards?#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 their prices getting hammered due to poor earnings and FUD. RIOT however produced positive earnings, so fundamentals are much stronger here, plus it's not a penny stock, it's traded on the NASDAQ and accessible to RobinHood traders.
NASDAQ:RIOTLong
by TheTraderAndy
Riot Blockchain: Weekly RSI illustrating attractive Risk-Reward?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 distorted this: Central Bank Raising rates; Ukraine-Russian War related Supply Chain Problems; Inflation caused by Supply chain disruptions: War profiteering from Oil companies keeping supply lower than needed. Between the ranges of $3.60-$4.80 is the ideal accumulation zone. Many holders have a cost base higher, including myself. Due to rapid growth in the companies mining capacity, which is accelerating into the start of 2023. The company is significantly undervalued from a fundamentals stand point. The Daily RSI attractiveness is in a similar setup, to the multiple sub 30 RSI tests in 2018. A time period that was also a Bear Market. 1) Be greedy when others are fearful. 2) If you believe in a Companies business and promising future outlook. Don't let a bear market discount be the reason NOT the DCA. Even as the stock has been trashed recently, the fundamentals have not changed. 3) The fundamentals are the strongest in the mining business. With huge mining capacity coming online over 2022 & 2023. >>> Eyes on the Medium to Long Term<<< Just one swing traders opinion, not financial advice.
NASDAQ:RIOTLong
by FortunaAlgoAnalytics
Riot Blockchain solidified support for a move to the Upside.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 but both Riot Blockchain and Bitcoin. > With the momentum driven by earnings season in the stock market providing significant upside potential for all equities, especially in the Tech Space. > Combined with Bitcoin's Recent strong upwards momentum from yet another confirmation of strong support. > We are likely to see a rapid rise in the price of Riot over the next few weeks. I think this is an ideal range to DCA at the lowest risk level we have seen Riot Blockchain range in for a significant time. 1) Be greedy when others are fearful. 2) If you believe in a Companies business and promising future outlook. Don't let a discount be the reason NOT the DCA in lower to a stock you believe will be significantly higher in the long term. 3) The fundamentals are one, if not the strongest in the mining business. With huge mining capacity coming online over the next few months. >>> Eyes on the Medium to Long Term Chap <<< Just one Long term focused Investor/Traders Opinion, not financial advice.
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NASDAQ:RIOTLong
by FortunaAlgoAnalytics
59
RIOT - ShortRiot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States. We are focused on expanding our operations by increasing our Bitcoin mining hash rate and infrastructure capacity. Riot believes the future of Bitcoin mining will benefit from American operations and endeavors to be the driver of that future. Given the current circumstance of Crypto uncertainty, RIOT may continue lower.
NASDAQ:RIOTShort
by TradingtheOpportunities
Good time to buyNasdaq will likely bottom this week. Unfortunately, this correlates strongly so we will see a bottom in the $7 range. Very irrational market at the moment and a great time to buy some at these lows. My TA shows there will be double bottom by the end of July and markets will be much higher by q4 of 2022. Remember hold, don't trade, by end of 2024 we can be 3-12x this price. Riot is expanding and could have up to 50-100 exhash by the completion and running of their next building. Disclaimer: I have over 2000 shares, avg at $12.
NASDAQ:RIOTLong
by dragonstone4344
RIOT block chain. If reversal... near accumulation ZoneHi all I think we are in the accumulation zone. Do not see the price going that much farther below than 9$ Reason being is people who bought before it launched up are likely still holding. It launched due to hype of bitcoin and algos identifying it, hence its been in a long down trend as the institutions have sold back their short-bought shares. I think we will be in an accumulation zone noe similar to HUT. There may likely be more downside between 8.5$ and price around here. I will start averaging in once the market settles and am seeing reversal patterns. I will keep my eyes on bitcoin and see how it does then modify my strategy accordingly. Keep an eye on SPX and the NASDAQ. Overall the market is bearish right now. Cheers. Open to discussion
NASDAQ:RIOTLong
by vayntraubinator