Ticker symbol RIOT short-term analysisWe have seen this stock move between the different fib retracements for a while, as bitcoin. Hence it is time for this stock to make a decision.
This is the tea.
If the FED provides us with good information at the next meeting. Then we can see a big bounce.
But don´t get your hopes up.
Be on the watch for a BIG downside move as it is very likely that the FED can bring up some BAD news, as always.
RIOTD trade ideas
$RIOT Potential 200%+ BangerCrypto miners caught a bid Wednesday following Bidens Executive Order on cryptocurrencies.
I expect this bid will continue over the next few days.
To play this move I'm looking to buy any weakness in Riot Blockchain on Thursdays open.
Currently eyeing March 18th $17 strike calls.
Would like to pick up as close to $1 as possible.
Will be targeting $20 in 2-3 days.
If this plays out by Monday, I expect the call to approach $3/ea.
Bears will want to Riot after this moveDon't let the emotional rants on Reddit, Stocktwits and other mediums cloud your objective analysis - many say sell sell sell and are looking at tick charts on some amateur (I just started trading during covid and never saw a down market and call myself a trader) garbage...On that note, here's my objective view and price target within the next few weeks ($25-$26)
Riot 200 hourly EMA at 18.80. With Btc pushing it’s allowing riot to setup. Support is holding at 17.10ish. Rising 21 on hourly. I’d long this bitch stops at 16.50. Or wait for a pop if daily 200ema. Current resiatnce 17.70 for potential bullflag
Squeezing between 21 and 200 hourly. Move should be coming soon
$RIOT Trade update$RIOT Trade update
RIOT averaged down today. New average 17.61
New sell target 23.95 for 36%
Add targets in the red and I have open orders at all of them.
GL, y’all
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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( •_•)
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RIOT 1/6/2022RIOT – Starting Nov. ’20, RIOT enjoyed a very strong uptrend that saw price climb from 4.65 and topped out at 79.26. The uptrend ended April ‘21when price fell out of respecting EMAs. Price has since been moving sideways between price channel ranging between 21.65 and 42.35.
Price is now respecting 20ema and has broken down from the price channel it has been respecting. There is also a death cross signaling bearish market. This is my entry signal.
If price closes above 20ema, I will exit trade.
Entry: 20.48
Stoploss: Trailing 20ema
Target: Trailing 20 ema or 5.00
bullish overextended wedge will take us to $27-$24Bullish overextended short squeeze wedge will take us to our much needed daily and intraday bounce towards $27 to $34.
I'm bullish until $27 area and then a hold until $34, then after a reanalysis of the weekly/monthly timeframes at that level I will most likely become massively bearish to the mid teens on RIOT/MARA and sub $40k on BTC.
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
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RIOT going to May low?RIOT blockchain is one of the biggest publicly traded bitcoin mining operations and are approaching the lows we saw in May earlier this year, after breaking through support at $23. This is an attractive price to get in on for a long position. In the short term,if it reaches the may low, might see a retracement to 0.382 fib level
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)