Two stages I'm waiting to buya short retracement also has the potential to be the source of a move that creates a new high.
I bet on that.
I also like the idea that the price falls back to the previous high, it would be a more attractive business
RIOTD trade ideas
Just think what it will do this timeWhen Bitcoin Moons, so do the mining stocks. Careful it may cool off now.
Be ready for the bigger picture and explosive move!!!After getting out of the short flag, it is now the time for testing the next resistance!
Double bottom. Double bottom on the daily chart and we seem to be breaking out. Long bullish on RIOT.
RIOT Longlong term Bottom might be formed
In Wedge
Entry 3.7
Stop 2.5
target1: 10
target2: 24
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
WowFull roll out on January 1st, Genesis Technology aka Blockchain technology, is just blowing past many others and, in my opinion, just barely getting started
Bullish uptrendWith bitcoin going up Riot follows as well. We gaped up after that bullish flag. Very excited about bitcoin.
$RIOT Blockchain Breakout Alert Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
$RIOT Blockchain 20% upside Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
Buy riot leaps and chillYou can either way until btc dips or just buy calls and chill . Riot follows the trend
Ascending triangle or Bullish flag. Have had a position on RIOT since the beginning of my trading career earlier this year. Thanks to Royce Jacob and it seems like this can be the start of a bullish uptrend. Any feedback is appreciated.
MACD looking bullish. It is correlated with bitcoin. Bitcoin is expected to hit 50k by the end of the year.
$RIOT Crypto Backed Breakout Coming?$RIOT has been grinding higher for a few days now and creating a strong base on this pullback to previous structure. Sellers are still in charge with lower highs and at least double bottoms so the best the buyers can hope for is a short-term bounce to form a range. If the buyers can't maintain strength on a higher low (green path), then the longer term deeper dip would be next (orange path). Either way, it appears like buyers are interested, it's more just a matter of timing for now. With the crypto markets pushing nicely up this weekend, that may be the fuel they need to break through wedge highs and get things going.
Riot a safe play?Many of you know I talk alot about crypto and mention grayscale, yet grayscale isn't traded on Robinhood or Webull. You can however buy it in your roth. Now what stocks are out there that you can invest in today? Well you have RIOT and MARA, yet RIOT is probably the most known and has the largest marketcap out of the two. I personally took an investment today with Bitcoin's downturn and the stock market downturn. Before the pump of 2017 it was sitting at roughly 2.66-3.63. Now Riot hasn't had the recovery like most, so it seems like a smart play.
News
Again this is my first step diving head first and buying without looking at the history and just comparing the past price history with bitcoin. Only news recently is the CEO sold 4% of his holdings, which not sure if you can blam him its only 4% and he might want to invest in other companies. So take it with a grain of salt
They are losing money which reflects on their stock price not making the money, yet it is surprising with bitcoins rise.
TA
My position is at 2.88
-Riot's trading range atm is between 2.76/2.88 just base on vpvr levels hitting a high of the trading range at 3.19. My position has potential of a 11% gain or a 1-5% lost which the reward is greater than the risk.
-Downside support is around 2.60 then 2.39
-Upside potential is 3.38 then beyond.
-MACD is sitting at its lowest point and looks like a reversal next week is on its way.
-RSI is oversold which is 1 to 1 with Bitcoin
Final thoughts
Not much else to say on this and you shouldn't invest in this company base its TA and be watching Bitcoin's movement since its what drives this price, which is very similar to GrayScale. If you don't want to hold digitl assests than this is the stock for you. When bitcoin goes on its bullrun you can suspect between a 2-3k% gain across the board with new ath a % gain of 5000 on your investment with a pt target of 100 dollars. Now I'm not sure on that, but Riot would need a marketcap of about 4.740billion and some change.
RIOT dumps along with cryptoRIOT dumps along with crypto
Looks like we are going back down to the support/ resistance. I will pick up more here. The election should bring everything down until we know who won the election.
3rd bottom around same price, time to slap the bid?RIOT
Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
*Just wanted to publish this incase anyone missed this.
Any thoughts?
RIOT BLOCKCHAINWith crypto bull markets RIOT will have to pump
Recently acquired thousands of new ant miners
getting ready for bull market
RIOT descending - but not for longRIOT descending - but not for long
once BTC pumps this thing will take off.
