Bitcoin Mining Company // Bitcoin Pairs TradeInteresting BB activity. A Bitcoin Mining Stock & BTC must be correlated when both trade in and out of USD.
RIOTD trade ideas
$RIOTThis finance conglomerate has the essence of the future, a famous painter once said,"the one who owns the future, is the one who builds it today." Aside from this business venture of having crypto flow into this space of the stock market is one of few. With financials & technical analysis you can see the resistance that was being held until the breakout of a consolidation, where we have support as well as a strong Fibonacci level playing accordingly.
Buy before Aug 7 earningsBuy before Aug 7 earnings the last two earnings were good but mainly it is the interest in BTC that is driving the price - who knows the ASIC chip and mining companies will explode in 2021. So you have all year to buy the dips. I hope you got in on this spring swing up from March Lows
RIOT Falling Wedge - Possible BreakoutWEEKLY PRICE CHART - PRICE ACTION BEFORE AND AFTER BITCOIN HALVING 2016/2020
As we can see from the chart there is a falling wedge forming from around mid 2018. In the near future in going to breakout and have the most possibilities to breakout on the upside following the post-halving bitcoin price action in the mid and long term that is definitely bullish.
CHART
- The blue marks, signs the main resistance/support levels in the pre-halving price action.
- The orange vertical lines are the dates of the bitcoin halving at 2016 and 2020.
SCENARIOS
1. The falling wedge is most possible generally to breakout to the upside. In the short term is gonna break, it is near the end.
2. The bitcoin halving is one day and of course in the short term there is a lot of sellouts and dumps that is logical but in the short and long term is always bullish.
3.This company is so close related to the bitcoin price and it out of the few company listed on NASDAQ that working with blockchain space.
So i think i the mid and long term is gonna be bullish.
This is just my opinion, its not an financial or trading advice. Each person must do its own research before investing in the market.
riot rising channelu can also draw it like this in more of a channel. hopefully wel see another swing high and maybe even break it to the upside
Riot- possible price targets for Bitcoin breakout When analyzing crypto or crypto stocks I think it is important to look at resistance flip support and vice versa. I just drew some trend lines on the linear chart. Price targets are 1.80 and 2.80. It all depends on Bitcoin. Use it as a guide.
RIOT long for future of BTC Personal opinion only, please follow me. Also I’ve been long time fan of RIOT management they been there long time. It started seeming similar to Ponzi scheme until the lawsuit said they had around 20M in assets and that was phenomenal because it was like a government sponsored external audit.
RIOT is not a $2 plus stock but it’s a $1+ stock. When it’s below 1.00 it’s a great buy.
Similar stock being Canaan maker of Avalon miners.
RIOT about to break within 3-4daysHello everyone, this is my first analysis of RIOT,
I'm not an experience trader, but i want to share you my idea.
Based on my analysis prediction, from the photo i believe that we are about to have a bull run after a breakout that should happen within 3-days from now.
Get in around $1.32-1.42, cause this is currently our main support.
>>first resistance lvl is $1.55,
>>and 2nd resist lvl is $1.64.
I could be wrong, but feel free to comment your suggestions.
Thanks,
AznMessiah
quiet riot? bitcoRnwith iran attacking usa . bitcoin should start pumping. with that being said riot can get a huge squeeze going.
riot breaks $2 it can get really fun
short term target $6
Ready to turn a corner?After being faked out a few times on the way down (as is typical of this stock) the charts seem to be revealing a possible direction.This looks like it could very well be ready to rally. As you can see, there seems to be a pretty well defined triangle that looks to be morphing into a bullish channel. If we take a look we can see that a firm looking double bottom has developed along with a 5 to 6 month diversion between price and RSI. There is also a fledgeling MACD bull cross taking place at the same time. Not too sure about an initial target but somewhere above the the 200 ma is not out of the question IMHO. Note there are open gaps up to the $3.50 area. Good luck!
RIOT [NASD] Riot Blockchain long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
$SPY im so pumped for this one. finally all the way in. even hunted down stale algo options for like 5 bucks in the 2020s.
siiiiick.
BUY RIOT: Almost 6:1 Reward/Risk!Here's my idea to go long-on RIOT. This is a daily chart.
First, I always need 4 independent reasons to take a trade. They are as follows ...
1. Location
- Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short. Fib levels are good for this.
2. Market Structure
- Is there a double bottom with a breakout? I need to see a 'W' like structure in price.
3. Momentum
- Is there a divergence in MACD? This is one sign that a reversal in trend is around the corner.
4. Volume
- This is paramount. I need to see a bullish trend in volume if I am going long, and vice versa for short positions.
So, do we have our 4 reasons for RIOT?
We have ...
1. Location:
- We are slightly below a reload zone, around the 0.886 level. This is a good area for a reversal; we are near the bottom of a range
- We have a 'd' shaped Volume Profile, meaning most volume has been traded at the bottom of the range. This tells us that there is plenty of upward room for price to be discovered.
2. Market Structure: We see a double bottom with a breakout ('W') on the other side of the bearish, red trendline.
3. Momentum: We have MACD divergence.
4. Volume: Bullish; uptrend
Now, I only take trades where the minimum reward-to-risk ratio is 2:1. The 'W' gives us a nice framework for when to exit (stop loss) our trade. I am risking to the lower leg of the 'W'.
For our target profit, I just extend the R/R tool so 2:1 and see if that is a reasonable area to expect the price to go.
Is it reasonable, in this case?
Well, if we follow Gann's 50% rule, we can reasonably expect price to retrace up to 50% of its previous high.
With this, we have a R/R of 5.44. Sweet!
That's it. There are your 4 reasons to take this trade :)
RIOTbreakout in RIOT-
THE TARGETS, FOLLOW THE FIB - LINES AND MAYBE WE WILL REACH THE GAP,
BUT SETBACK WILL COME.
nice trade to all and be safe.
$RIOT - rally imminent?Everytime Riot has touched ~$2 support it rallied. Riot blockchain has also shown to rally when Bitcoin rallies. The stars seem to be aligning. Will this time be different?
