RIOTD trade ideas
$RIOT BTC Mining StockY-Axis is log scale
Assuming the BTC pumpdamentals continue, RIOT could have a huge breakout here from a macro descending wedge into a bull pennant
RIOT Corrective Wave Almost Complete Next wave will probably push price action up to $48-50 which may then act as a profit taking zone
RIOT a Sleeping Giant +$80It is time for RIOT to play catch up. Profit taking from other miners could be pushed to RIOT? This would force a pump to a higher high.
Once $38-$40 is cleared, that should cause a large rally for RIOT. I see an ATH in the near future (assuming BTC continues advancing).
Let's see what happens in Q4 2021
Good Luck
$riot looking better everyday riot has broken out of its downtrend from March and tested resistance at the .382 fib level or $43.25 I believe this will test it again in the near future and breakthrough near earnings or the day after on the 15th and rocket up to the .618 $57.09. I have gotten a position in at $27 and will buy a bigger position of calls expiring next week.
Long | RIOT | Intraday play 11/3/2021 NASDAQ:RIOT
Possible Scenario: LONG
Evidence: Price Action
Entry point: buy order : 31.30$ to 31.80$ in case of pull-back, (I don't expect it)
TP1: 32.80$
TP2: 34$
Call options, Strike 32$, 11/ 05 /2021 100 Contract cost is 14k and profit at TP1: 4k at TP2:13k, at 36$: 28k
Call options, Strike 34$, 11/ 05 /2021
*This is my idea and could be wrong 100%
RIOT inverted head & shoulders pattern!!!!Smaller inverted h&s within a larger h&s. if we break the neck line, first target $44 then $60. trade safe
RIOT investor interestsRIOT is gaining today, watch out the $41 area, this is on of the most important levels.
Above we see the volume profile is very low and the price need first to be accepted.
Currently we cannot say where it will go, but prepare for a major pullback anyway.
After breaking the next big level, the picture will be more clear.
RIOT Potentially Missing Bitcoins from Mining OperationsI've been bearish on RIOT since around mid April 2021. Since then, a few technical formations have occurred and I've detected potentially suspicious activity at Riot Blockchain. Main price objective = $2.
Technical Observations:
1. Bearish flag formation from May 7th, 2021 to September 17th, 2021. The break down occurred on September 20th, 2021.
2. Bearish flag (from point 1 above) and pole (marked as line segment X) completed. The next pole (marked as line segment X', which is a clone of line segment X and then translated) could be forming. Line segment X' points to a target of $0.00. However, as mentioned at the start my main price objective is $2.
3. Declining trend line starting February 17th, 2021 to present day.
4. Death cross on September 10th, 2021.
5. We are in month #18 since the BTC block reward halving that occurred in May, 2020 (prolonged bull run). I anticipate this bull cycle to end within 90 days from the date of this publication.
6. Dark black ghost bars are the candlesticks from the previous bear market trend that began on December 19th, 2017 for this ticker. This serves as a potential trajectory of where we could be headed in this current down trend. Notice the dark black bars have been setup to end at $2 based on adjusting the vertical stretch property.
Fundamental Observations:
1. Literally almost all cryptocurrencies have pumped 10x, 20x, 50x, 100x, 200x, 1000x, and in a few cases well beyond 1000x multiples. This is sheer insanity and generally unsustainable.
2. Tether keeps pumping Bitcoin prices with nonstop increasing supply. Generally, when Tether stops printing, Bitcoin is allowed to take its natural course. Also, word is getting out that Tether might even be a scam/fraud. The downfall of Tether could potentially destruct 80% to 90% of the cryptocurrency market. Obviously, RIOT would become one of many victims due to a Bitcoin price collapse.
3. RIOT's business model requires to upgrade equipment for life every 2 to 4 years to stay competitive with its mining operations. This is very capital intensive.
4. RIOT's break even cost will rise forever. This is unsustainable because RIOT would need to rely on Bitcoin prices to rise forever if it were to ever become profitable.
5. RIOT is potentially missing Bitcoins from mining operations. Have a look at my mini report and carefully follow my mathematical argument. You will notice the argument follows a structure known as deductive reasoning in logic.
www.dropbox.com
This report is far from being a thorough investigation into the company. My main focus was on the potential possibility that RIOT could be missing Bitcoins from its mining operations. Constructive criticism and rebuttals are welcome.
Multi-Year Cup and Handle! Target $8000RIOT is looking really good right now. This beautiful cup and handle is about to resolve to a major run within the next 2 years to possibly $8000. I know it sounds extreme but the measured move of the cup on a log scale will bring it to approximately $7000-$8000. Hold onto your hats. Good luck everyone. This is not financial advice just my opinion, let me know what you think.
Riot ShortMixed with the way Riot responds with the Bollinger Bands and the 50 Ema. Along with a new engulfing pattern on the horizon,
Minus headlines everything points to a short for me. Thoughts?
MARA / RIOT - Lets see what happens?RIOT seems to be lagging MARA a bit but provides the same setup.
Riot Potential Second WindLooking at a strong entry point for a long trade on a second leg formed.
Looking for a price target of $30.
Signs of oversold conditions starting to appear on the RSI & MACD . Also seeing some divergence.
While I see pullbacks on BTC to $50k & ETH to possibly $32-3500, RIOT seems to suddenly making a breakout.
Could be profit taking and traders seeing higher profit % potential here in the meantime?
I'll bite. Let's see where this goes.
RIOT IDEA Riot appears to be testing the resistance at .236 fib level. If it breaks through it next major resistance is at 43.18 dollars or the .382 fib level. I have took profits on my calls expiring in November and rolled them into calls expiring in February to March.
RIOT, be ready for the FOMORiot for whatever reason RIOT has been under performing. I think I have some clues but hard to confirm...
It is usually about at least 5 bucks higher than MARA as we know.
therefore:
since it is undervalued, and BTC is very likely getting to 60K, I would imagine the FOMO on RIOT is coming
Both RSi and MACD is up trend now from its under valued position, and this is the only the beginning
MARA is about 44, given the fact that fundamental is much better now since April for both MARA and RIOT, my target, and I suspect is 47USD if BTC reaches 60K.
Of course, the higher the better right?
Please like and comment, especially why RIOT is under performing, thanks
RIOT Potential Swing Setup (11/3/21)Time Frame: Daily Chart
Idea: Breakout
Factors to Consider:
- Crossover on the 9/21/50 EMA's
- Crypto Strength (Specifically BTC)
- Historical data over the last 12 months shows weak resistance in designated price zone (Highlighted Via Purple Rectangle)
- Volume & Open Interest heavily weighted on call options 2-3 Strikes OTM 11/19 Exp.
Note: Daily is currently overbought, pullback and consolidation for a better entry and trend continuation.
RIOT Bull Pennant Good looking chart price finding support off the anchored vwap from march 16th weekly candle
Huge Breakout on $RIOT Blockchain mo's long desc triangle breakRiot and Marathon Patent uses to trade neck and neck, shorts got in control and it is not half the Market Cap of MARA.
Both Miners reported numbers today and RIOTS were actually better than MARA's.
MARA and RIOT rallied 15% yesterday and the shorts thought they got lucky with the bitcoin flash crash on Fed Release that sent the stocks down 5%, but it quickly reversed and left them trapped as it rallied hard through resistance on high volume. As long as bitcoin stays where it is at they will be forced to close their +17M Share short positions.
RSI, MACD broke out and showing great strength.
OBV broke to a new high above tough resistance today.
If you like Bitcoin you'll love $RIOT$RIOT has seen some shit throughout the years, I'll spare you the details because they've settled it and now the future is looking bright.
As one of the only, if not only USA publicly traded Bitcoin mining operation out there you would be a fool to not build a position in this company. 2020 they have been ramping up production, and 2021 does not look any different - " Riot has 8,000 S19 Pros scheduled for delivery in equal installments over the first four months of 2021"
With all the news surrounding Microstrat, PayPal, Square, JPM, MassMutual, etc it appears the Bitcoin investment phase in infrastructure is just around the corner backed by some huge funds that want to secure/insure their Bitcoin holdings.
Buy any dips this thing gives us, cause this breakout is going to be HYUGE.
GL :)
(Riot analysis EW)(Riot analysis EW) - "PRIMARY" (1 & 2 & 3 ) complete and possibly 4 also aswell// One way we can show 3rd wave is complete is looking at the "MACD & RSI" showing the strongest momentum. The way we can tell if wave (4) correction is complete is if the (SELL TRIGGER) isn't broken and the (BUY TRIGGER) is broken and conservatively the (.618 Algo zone isnt rejected) . If the (SELL TRIGGER) is broken this is more likely a bigger (WXY) correction. But until then we will assume "Bullish" and have our triggers set. I will update this chart as it progresses.
Just scale down the MACD AND RSI if you would like to see the chart more : )
