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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

RIOT: Trading the RangeRiot Blockchain - Short Term - We look to Buy at 26.27 (stop at 21.28) Trading within a Bullish Channel formation. We look to trade the current range. Previous support located at 24.00. Previous resistance located at 41.00. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade. Our profit targets will be 40.95 and 46.00 Resistance: 41.00 / 50.00 / 60.00 Support: 24.00 / 20.00 / 18.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:RIOTLong
by Saxo
Double Bottom(Not Investment Advice) Riot is showing a double bottom on the weekly chart. Riot has finished off 2021 lower than expected in the way of price action, Riot has accumulated large amounts of BTC and is focusing on growing further. The fact they have not offloaded BTC in the past year is a buillish sign for potential higher prices in the future, will this big play have a big pay day? only time will tell. Riot breaking through $20 on the downside may provide a potential short opportunity however across the long term Riot is looking strong while going through sideways action. (Not Investment Advice)
NASDAQ:RIOTLong
by cryptoarch86
RIOT diverges from BTC and should reverseThis is my first idea I'm publishing to TradingView, so I'm eager to hear your thoughts/criticism. The premise starts by stating that RIOT is highly correlated to BTC/USD, given how the business model is BTC mining that seems fair. As such, with the recent increase in BTC/USC RIOT has gained also, but sometime on Feb 9th it started diverging from BTC/USD and has only increased the divide since then. Why? There hasn't been a single catalyst coming from inside the company and it doesn't hold any BTC and is a money losing operation while trading at 1288 times last quarter's earnings. So my guess is that there's no reason to sustain this diverges and thus we'll go down from here. I'm not going to say it's going bankrupt, but it should revert back to being tightly correlated with BTC/USD. My prediction/guess - it reverts back to $33/share level.
Editors' picks
NASDAQ:RIOTShort
by morgan9471
50
RIOT/BTCUSD Beta Hedge In regards to my last posting, which explains this idea and the logic grounding it , I just wanted to publish this spread chart for RIOT/BTCUSD as I think it's important . The idea is that a short on bitcoin can be hedged by buying an equivalent dollar amount of RIOT , which acts as a beta hedge here . Please give the initial publication titled "BTCUSD How to reduce risk while shorting using beta hedging" a read if you have not and are interested in this idea. It is much more detailed and it is linked . This is meant to supplement it only . I have attached the prior posting mentioned to this publication .
NASDAQ:RIOTLong
by NAK1987
$RIOT breaking key resistance level. Road to ATH? I believe if this week manages to close candle above 40$ level, it will go to ATH. It has been consolidating for months on a wide range, so the breakout alongside $BTC could be huge and fast. With earnings next week and BTC trying to break ATH level it seems a pretty interesting trade to hold on year's end bull run. I will buy some shares on Friday depending on price action, and Monday will add some weekly 40$ calls if BTC shows strength during weekend. NOT FINANCIAL ADVISE.
NASDAQ:RIOTLong
by guiser
1
Break below the invalidation level will Negate the bullish biasFollowing the high in mid February the price action have been majorly sideways. From Elliott perspective, triangles are sideways movement that are usually followed by a thrust once completed traveling approximately the widest part of the triangle when project backward. We have an initial five wave rally to traded above the extreme of D and have ultimately been corrected in three wave sequence taking the shape of ziggzag and equality have also been met. In the chart, I have provided an invalidation level which according to Elliott wave two cannot retrace 100% of wave one. If this interpretation is correct, the uptrend should resume.
NASDAQ:RIOT
by maonimisi
RIOT about to EXPLODE!! HUGE Pennant with Upside TP = $102Entry at open $28.09, SL = $23.23, TP= $102. EXTREMELY LOW RISK TRADE and HUGE UPSIDE. Willing to Risk 2% on this trade because of I am wrong I only lose 2% but if I am right this trade has potential to 360% Return. This trade reminds me of BTC trade I took last year around May with nearly identical setup but that was on the weekly chart. This trade is on Daily chart. HUGE Pennant with already a weak breakout and rising MACD about to cross ZERO line on multiple time frames from 8 hour, 3D, Weekly. BULLISH slope to MACD with breakout of downtrend on MACD as well as smaller Pennant (Bright yellow trendline) appears to be ready to explode higher out of larger Pennant (tan dashed trendline). Price is also at MAJOR SUPPORT.
NASDAQ:RIOTLong
by eganon69
60