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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 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.
NASDAQ:RIOTShort
by TheSwinger
6
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
NASDAQ:RIOTLong
by wuweiparis
6
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.
NASDAQ:RIOT
by marcsantiago96
4
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.
NASDAQ:RIOTLong
by BrandonOsborne
1
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 :)
NASDAQ:RIOTLong
by faboose
13
(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 : )
NASDAQ:RIOTLong
by GioThaKingo
RIOT--nearly 40% gains possibleBitcoin could hit ATH this week. A good week for bitcoin is a good week for mining companies. Loaded up on a few Friday, starting with Robinhood/Reddit fave RIOT. Eyeballed MARA as well but this one seemed to be not as bought up yet (while MARA is nearing ATH, but still probably a good play). With RSI still under 50 on the daily, this ticker could be pushing 30s as soon as today. This shit is just as volatile as crypto (obviously), so remember to bank some gains on the way up if we do indeed start to run up this week.
NASDAQ:RIOTLong
by DrewDimes