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RIOT PLATFORMS INC (USD)

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RIOTD trade ideas

RIOT Training Trade Feedback WelcomeHey Everyone, I am new to trading and this is one of my first few trades that was on real paper :-). It was kind of an easy one. But I am hoping with some feedback maybe you can help me tighten up my ideas or tell me you were way off. I entered my position at $65.15. I was watching a 3Min chart which it wont let me share, this is a 15Min chart. Once I established an upper and lower trend. Then I just watched for a place to set my trailing stop. When we hit $77.00 I placed a trailing stop at $3.00 (the lower horizontal line was my stop). I eventually stopped out at $74.81. Thanks for any feedback you can give me on my trade.
NASDAQ:RIOT
by MoonRocketChad
RIOT Long Term AnalysisSo I've been watching BTC for the past two years now and from my experience seeing how it moves, I have nothing bad to say about where it's heading. And with the continuous adoption of crypto payments by different financial companies such as Mastercard, and newly acquired TSLA stake, I think the accumulation phase is still underway. Aside from this, my favorite sympathy play to BTC would have to be RIOT . Not only is the name catchy, but the fact that it has just 6 employees catches my eye. I hear a lot about MARA yet they only have 3!! I like the fact that it also has 11.55% Held by Institution over MARA's minuscule 5.46%. This tells me RIOT 's more invested. Could be because they have double the employees, but either way, it's a win-win. Sitting at a shallow 4.13 B, the current MKT Cap is nothing compared to upside potential. To put things into perspective, CHWY, a pet food company was acquired for 3.35 billion back in 2017. It now has a market cap of 47.8 B just 4 years later. To conclude my thesis on RIOT , I'll finish off with a tweet made by Elon Musk yesterday: " To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla. However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere. Bitcoin is almost as bs as fiat money. The key word is 'almost'. " The real crypto investment lies elsewhere. That's for me to know, and you to find out ;)
NASDAQ:RIOTLong
by r1chAl
1
h pattern and my green box from earlierUpdate before close, an h pattern has formed. If this breaks that 58-60 zone box, I'm bailing on this. Be very careful what happens overnight here. Pull in your size, there is no guarantee on a short here but aside from the bearish market and tape on the stock today, the following 2 things I observed: a. RIOT has decoupled from BTCs price reads - BTC is not significantly down at all but RIOT is. b. The h pattern is a pretty reliable stock/forex pattern for a bearish turn over. I'm not going to trade it until it breaks $58, perhaps it could be too late by morning anyway. The only reason I'm not going short is because the market itself has had a down day overall, so we might just pick back up with business as usual tomorrow. Be careful overnight. If you long on it, hedge your position some here. Pull in size if you are able to.
NASDAQ:RIOT
by Rikity
2
The difference between Prediction and Analysis..!A prediction, or forecast, is a statement about a future event. They are often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference from "estimation"; different authors and disciplines ascribe different connotations. Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development. It would be a learning opportunity if you review my RIOT,MARA,and BITCOIN analysis since November 2020. Please read the comments below the posts, some said RIOT is a scam, some said “haha” to price target. But they did not bother themselves to read the merits behind my analysis..! Moshkelgosha
NASDAQ:RIOT
by Moshkelgosha
7
RIOT: Afraid of a pullback? A few points to keep in mind!Hello traders and investors! Let’s talk about RIOT today! This one is flying, but is there any reason to worry about it? Let’s see. First, in the hourly chart we see that it is showing some weakness, but this alone is not going to be enough to make it drop. Yes, it might do a top lower than the previous top, as evidenced by the purple line, but RIOT did this sometimes in the past, and it didn’t work. I would focus more on the black line at $ 58.78 , because it would lose the previous bottom along with the 21 ema, and this would be something new for the stock. So, the black line is a possible Pivot Point , that could trigger a short-term bear trend, and sharper pullback in the daily chart: The black line in the 1h chart is today’s low, and so far, we can assume we have a classic Bearish Harami candlestick pattern here. Since it is not near any resistance level, it is not a reliable reversal sign, but it could work as a pullback. The volume is quite high on RIOT, which is curious, as the volume on BTC has been decreasing in the past few days. If RIOT triggers a pullback by losing the points mentioned above, the next stop would be the 21 ema . I find it hard to tell if it could seek the support at the $ 29.28, as it is too far away right now, so, I would focus on the 21 ema first. This would be a pullback, but we have no reversal signs around . In fact, as far as I know, pullbacks are opportunities to buy at a cheaper price, with an optimized Risk/Reward ratio. But first, RIOT must trigger the pivot in the 1h chart! Let’s follow RIOT closely and remember to follow me to keep in touch with my daily analyses on stocks and indices. Also, support this idea if you liked it! For more analyses, just check the links below. Thank you very much!
NASDAQ:RIOT
by Nathan_The_Finance_Hydra
11
RIOT PullbackLooks like we've established to volume zones. I dont want to go as far as to say they are Support though. The green box is where we found buyers in the hard selloff today on unemployment news. What does unemployment have to do with crypto or a company with 7 employees? Well I'm sure you know the answer to that. It also looks like we've decoupled RIOTs price level from BTC because the crypto price is back up near all time highs and RIOT has sold off and is trailing now. Personally I bought the dip and went net long. I pulled back the long positions to a lower price point and moved one out to next weeks expiry.
NASDAQ:RIOTLong
by Rikity
1
$RIOT blockchain Stock skyrocketed to new highsBitcoin Blasted Above $50,000 Today, Causing Riot blockchain Stock to Soar as Well More and more, Bitcoin is becoming accepted by major companies, suggesting it is well on its way to mainstream adoption. catalysts that are pushing bitcoin price up: - Mastercard (NYSE:MA) announced that it will allow cryptocurrencies on its payments network before the end of 2021. - Bank of New York Mellon (NYSE:BK) will also start supporting its clients' Bitcoin needs, according to The Wall Street Journal. If these truly are the early signs of the so-called phase four of Bitcoin's adoption, then demand could keep growing for Bitcoin throughout 2021. Demand is growing, and that's why the price of Bitcoin has soared in recent months. And many investors believe a good way to play this trend is by buying Bitcoin-mining stock like $RIOT blockchain. . Riot blockchain get essentially paid in Bitcoin for providing computing power to the blockchain network. And investors believe revenue and profits will soar with the rising price of Bitcoin. Moreover, investors are getting excited to see Riot blockchain amping up their computing power (known as their hashrate) because some assume this means the company will be able to mine more tokens. Riot Blockchain announced it's deploying new equipment over the next week that will take its hashrate to over one exa-hash per second (EH/s). That's quite a lot, and it's an increase of 26% from where it is right now. But investors shouldn't assume that means the company will mine 26% more Bitcoin.
NASDAQ:RIOT
by AlenCiken
7
RIOT Volume and price actionThe volume of the first day this thing started to move a week ago vs today, its higher. The selloff this morning while BTC was staying steady spooked me a little bit so I sold off my LEAPS and a few calls that were already in a profit. Going forward, I'm just going to go with more of a neutral strategy, expecting that one day where we get a big selloff. With the current price action and volume though, it might not come. We do have to expect it though and not give back the majority of our gains. This is my strategy until something changes: Put and Call side Back ratios: Sell 1 Put at the money, 2 at a distance away where I can either do it for no cost or a small credit. Same thing on the Call side. The risk on this strategy is if the stock doesnt move the $10 a day. Essentially i will end up with one extra call or put in the direction of the movement. Opening of the next trading day, I'll make adjustments, if it keeps going in a direction I can eventually buy back the short calls/puts and have free ones to cover retracement. I'll cover the in the money spreads as needed and re-establish At this point I'm still long on it until it stops going up!
NASDAQ:RIOT
by Rikity
Those perfect set ups..Just because you didn't get that perfect price, doesn't mean that you just should give up. I remember seeing this stock last year and thinking to myself that it looked like the perfect set up. Bitcoin , as with all speculative securities, was going parabolic, and RIOT was probably the top sympathy play in the crypto company sector, but I missed the initial move, and just forgot about it. I`ll just be honest: it`s very hard to look at right now..
NASDAQ:RIOT
by stocktradez6
8
Buy BTCUSD For FreeHey Guys! Sorry it's been a little while since I've posted, but I'm back today with an interesting idea that I think many of you may be interested in. Over the last couple of days, a small Chinese bitcoin mining company called Bit Digital has exploded in value as the market has begun to realize the potential of the company's bitcoin mining operations. In the last few hours, however, J Capital, a short seller, published a report alleging that the company is basically a total scam, has no meaningful operations, and is worth nothing. In addition, they claim that the company's board cannot reach it's ceo for comment, because his whereabouts are not currently known. Publicly wanted for questioning, some have speculated that the Chinese authorities have detained him. This short report, combined with the fall in price of bitcoin over the weekend, sent the stock tumbling down -25% today. Now, while the stock is down a ton, it might be the exact opportunity we need to create a beautiful trade. Ok, so here's the plan: Long Riot, and Short BTBT. Theoretically, BTBT is worth nothing, but the company will still likely retain some of its trading correlation with BTCUSD. Hence, you can't really just short it outright without controlling your risk. At the same time, you might want to be a dip buyer in BTC, but it's tough to know exactly when the bottom will be and you, like me, likely don't want to risk an investment going to zero. Hence, our trade. When BTC goes up, RIOT should go up more than BTBT, because BTBT has the fraud and short seller claims as a massive headwind / overhang, though some will still use it as a BTC proxy. When BTC goes down, BTBT should lose more value than RIOT, because the company is alleged to have no meaningful operations, and the only thing holding the stock price up is the hope for higher BTC prices, again, in its use as a BTC proxy. This spread should essentially create a synthetic long bet on BTCUSD, while removing a ton of the risk involved in buying it at these prices. LMK if you decide to try the trade, and feel free to ask questions in the comments below if you don't understand the idea. Cheers!
NASDAQ:RIOTLong
by PropNotes
13