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RIOT PLATFORMS INC (USD)

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RIOTD trade ideas

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.
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 UnknownUnicorn1766456
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
Let's make a deal!The paper began an upward movement after a correction due to the fall of bitcoin. This company works very closely with the cryptocurrency sphere. Expected upside: +40%. The first downside is $44-46. It is better to put a stop to Breakeven ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:RIOTLong
by QuantumLabSignals
5
Breakout Coming in Riot Blockchain?Bitcoin miner Riot Blockchain hit a seven-month high in mid-November. It pulled back sharply and now may be attempting a breakout. The first pattern on today’s chart is the price zone around $38. This is the roughly the spot where RIOT peaked in June and August. It’s also served as the top since November 16. Next, the 200-day simple moving average (SMA) is in the same area. (Because RIOT’s historical volatility is above 100 percent, these levels are looser than we’d normally see.) The confluence of this key SMA and old peaks potentially increases the importance of this zone as resistance. But will it hold? Notice the inside candle on Friday and a bullish outside bar yesterday. That may trigger some alerts for traders today. Next, notice how the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout the recent period of consolidation. That may suggest its short-term bullishness remains in effect – despite Bitcoin’s recent tumble. Finally, RIOT is down about 50 percent since mid-February – despite Bitcoin being little changed over the same period. If cryptocurrencies continue to stabilize and bounce, that price difference could also potentially revive sentiment toward the stock. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:RIOT
by TradeStation
Short RIOTConsidering the terrible earnings, regulatory pressure, and subsequent price drop across crypto assets, I am placing a 33/32 bear put on RIOT expiring 12/17. I am using the resistance line as a stop loss indicator, as anything can happen with Bitcoin. I place the trade after the second retest of 60,000, it bounced a little higher since but I expect continued downward pressure and declining volume across crypto in the short term as fall has been a historically slow season for crypto.
NASDAQ:RIOTShort
by shmalphy
2