Uptrend channel.RIOT looks to be in a bullish uptrend. Trend is your friend. As long as this stays within this channel we should see this pass 10 bucks. If it breaks the channel up that is good too. Im long term bullish on RIOT and MARA
RIOTD trade ideas
$10.30 Sell Was NothingWe saw a pretty heavy sell off around $10.30-$10.35.
Dont stress this too much. Heavy red candles are the minefield we are dodging. The sell volume will be very erratic and irrational with us being above common supports here.
I would look to our previous high, which was a very long time ago however we must look to history to see where this rocket will land.
Will keep everyone updated with how opening goes on Monday. Looking for a slight pull back but hopefully nothing major.
Chip in when the consolidation pattern is about to end..!Reliable Trend + Bold bullish moves after every consolidation pattern..!
$10.50 TargetHoping to stay above our trend and break out of this triangle. We do that and its to the North Pole for Christmas.
RIOT critical breakthrough$9.34 a CRITICAL price pit based on the historic breakout also the top of both shoulders. Once we overcome this we will definitely be safe for a gap fill to $13.
I added another 120 shares at $9.14
RIOT updateStill going strong. Next stop will be $11-13 for a gap fill then maybe up from there. Stay vigilant however, I believe a market cap below $1B but above $600M is likely and discounts the future cash flows among growth opportunities accurately.
staying within the uptrend channel. RIOT seems to be staying within this uptrend channel. As long as it stays within this channel i am holding and will consider adding into my position.
RIOT is ready to GO, but to where?This is the current state of Riot, it is a Rocket ready to launch.
Yesterday was to buy the low, now it is closed and ready for take off.
Incredible...
Riot 8 but when? For Riot and Mara, they might have a small retracement as a result of Bitcoin thanksgiving selloff, which might forming a W double-down consolidation this week.
Hopefully for Riot, it would stop at 6.20 or 5.30 if so, otherwise it could be + - 4.70.
Frankly speaking the bull is running out of steams, maybe I am wrong, this week we might see 8 but I doubt further than that. I might sell my small shares at this level and "patiently" waiting for the next opportunity.
RIOT updateLooking to exit at around $9-11, thinking we could even hit $15 with this Bitcoin rally, and the volume still hasn't gone hyperbolic
Prediction for the rest of the week based off of Monday trend.This is mint. Im looking for a sell tomorrow of around 25% of my shares to re-enter in the coming days to reduce risk. If there is a deviation from this pattern assume a bearish flip and reduce more shares.
Monday Seems Poised for BreakoutLooks like this one could pop monday back over $6.50. Hopefully, we see that upward action and this accumulation period doesn't last long.
$RIOT Calls 10 March 19th 2021Maybe side ways for awhile and dip before going Parabolic, need patience...
Gap up. RIOT appears to have gaped up again. We had gaped down and now it has done the opposite. With bitcoin reaching all time highs i expect RIOT to do the same.
Running the top.We are currently on the tail end of a cat 5 hurricane. Houses are being bought off the gains and it looks like this is the turning point. Does Bitcoin do what everyone is saying and run up into the new year or take a dip and recalibrate. Thumbs up if you are still holding this stock. This has been a crazy week.
Uptrend will continue.Classic double bottom pattern on the daily chart and we see new highs. Expect to trade sideways and then it go back up. With bitcoin reaching all time highs i expect these miners to follow. Chart is bullish.
Trade Carefully High Risk ZoneWe are in the eye of the storm here folks. We could rip or we could sink. Take a breath and hope for the best. I suggest a reduction of 25%-50% of shares and wait for a buy zone.
Dont Panic! Were still going up.Red, Yellow, and Green are resistance points that correspond with how threatening we face of a challenge. Red is our break point. Yellow is our middle support. and Green is our bounce back.
If this stock drops refer to these points as buy points. Bitcoin sees no resistance right now and these stocks won't either when the money settles. Let these corrections show that if this stock is still accumulating for a much higher price point. Im no wizard but we saw the last boom have a dip just before this point. Theoretically if history proves itself we could see exactly the same thing here. Lets keep an eye on that pattern because the next stopping point after the small lul was above the $20 mark.
riot, a big gap....something to look at, gap around 15$.. i think if btc holds 18 riot makes a huge move this week. things damn near an altcoin
RIOT updateLooks like RIOT could hit $8.50, then $9.77 within the next 5 trading sessions. Those are my 2 price targets.
On the weekly:
Fast approaching the 200ema, my bet is it'll blow past it seeing how bullish the market is. In addition, investors are looking for alternatives to traditional FAANG+ companies, and ways to future-proof their portfolio
On the 15min:
Hugging the 25ema. Looking for a slight pull back to $6.80-6.89
Companies like this are pretty hard to value and chart, but using Tobin's Q I got to approx. $8.5-9/share. I think it can pass this as bitcoin sets fresh ATHs
