Cryptocurrency companies vs Bitcoin📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin. ⌛Waiting to see if a bear trap forms in the purple region, or if more declines are to come...by andre_007Updated 2213
My view on Bitcoin miners remains bearishNew lows are on the way, this is not the first time it has had a large bear market rally... Im looking for a shark to complete and will take a long around the support. Not shorting unless we get a bounce, even though i would be bailed out eventually, I hate being in a weak position. Shortby MikeMMUpdated 11118
$RIOT - can it hold on to that support?NASDAQ:RIOT is sitting on a support. It's trading below the 200-day moving average now. If current support fails, it can drop to $7.77. Breaking below highlighted basing area was a bit worrisome. Looks like there is a small bullish divergence in MACD and RSI. The bullish divergence in MACD and RSI is a positive sign. This suggests that there is some buying pressure at the current level. However, it is too early to say whether this divergence will lead to a trend reversal. Follow me for charts and technicals.by PaperBozz1
RIOT: coiling for something....RIOT is hanging around .618 retrace area on volume support, hugging POC of the range between $3 and $22. This should be a strong support. A breakdown right now might be an early warning of a big problem. If price grinds lower, I should expect support between $9 and $7.5. But will watch for a strong bounce before going in again. Right now there are bullish divergences in RSI up to Daily time frame, so should expect some kind of a bounce very soon.This moves with BTC, so, a pump in BTC price would certainly inflate RIOT. Still long in RIOT but getting very close to getting stopped out...by mukit1660
Riot denied the 9.5 dropRiot holding strong despite the temporary Bitcoin weakness and tech sell-off. Riot looking to continue to overtake NASDAQ:MARA because of their energy plan with texas. They have the ability to mine less bitcoin and provide electricity to the state as a revenue plan B.Longby Apollo_21mil220
RIOT: Buy ideaBuy idea on RIOT as you see on the chart after the breakout with force the resistance line and the vwap indicator by a big green candle with a large green volume.Thanks!Longby PAZINI192
RIOT: Buy ideaBuy idea on RIOT after the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks.Longby PAZINI191
RIOT headed to 9.5 as BTC dumpsRiot which I have played often looks to dump to 9.5, I am betting we get a cool CPI print and ETF news simultaneously to break out upward in the next 14 days.Shortby Apollo_21mil1
Interesting Fractal Wildly following this fractal quite closely, after bottoming around Jan. I doubt this plays out as it's too early in the cycle, and the target is a bit higher than I expect to hit (thinking closer to 120$ top).. Some hopium/copium for us enduring this bear market :)Longby TheTraderAndy4
$RIOT - Found support NASDAQ:RIOT found support and is trading inside its previous consolidation area. Oscillators are turning up. A breakout above $12 is bullish and could see further upside. A breakdown below $9.50 could see further downside to the $7.77 area. Needless to say, the stock will follow the price of #Bitcoin. Follow me for more charts and trade ideas.Longby PaperBozz4
RIOT priced in BTC with clear sat targets.None of the other, inferior, Btc miners exhibit this structure in satoshis. Riot is where it’s at.Longby Shammus013
RIOT/MARAHi, I concatenate Riot and Mara charts, and find the price is near the bottom of the Fibonacci channel most likely heading upwards. Riot is the better chart. Riot and mara charts are not the same. Riot is in clear fib channel, and mara is Adam and Eve formation. There are many other differences and advantages to riot as well. Riot priced in BTC has clear structure, and none of the other miners do. Not cipher. None of them. Riot has clear targets in sats.Longby Shammus013
RIOT Livermore Cylinder (Weekly)Weekly chart of my idea for Livermore Cylinder accumulation cylinder.Longby barthurtUpdated 445
RIOT - Momentum neededIf we can get some momentum on this one, we could see it catapult a lot higher. Need to get above the moving averages and have a solid MACD cross for this to potentially happen.Longby ChartDudes1
Riot Elliot WaveLooks like a possible elliot wave formation with a short term rally to fill the upper gaps before essentially coming down to fill the lower gaps. looking to load up around $7Longby B-REX173
A view of my long-term Riot chart trades this yearI rarely show my entire predrawn chart setups but am very proud of how I played riot since q1.Longby Apollo_21mil2
Buying the RIOT dip for call setupsRiot had a nice pullback today and will likely continue momentum. I hold Mara long-term spot and tend to trade riot on these resistance bounces multiple times per year. Look at the chart, it has played out beautifully.Longby Apollo_21mil1
RIOT Stock Chart Fibonacci Analysis 082723 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 10.1/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci6180111
RIOT Long term price prediction.Monthly charts and the RSI needs to have a turn around to have any momentum up in the near future. I expect a strong September depending on global economic conditions. Trading in correlation and tagging along with BTC, I have illustrated the 3 cycles and drew a trendline for my prediction for the new ATH at cycles end. Long term options for 1/17/25 $86. Enjoy the ride.Longby lifesez7
short term bullish PT 15Both Riot and BTC show setup for recovery Riot has high probability to form a right shoulder and aim atleast 15 a share...upside of 32% approximately. Daily RSI is 30 and MACD curling up...and momentum picking up. Goodluck !Longby EssieQuantumTrader2
RIOT might be forming a Livermore Accumulation Cylinder.Price action looks like a Livermore Accumulation Cylinder. Keep an eye out on the price action for the next 2 weeks to see what happens.Longby barthurt110
I Predict A RIOTRiot Platforms NASDAQ:RIOT - Above 200 day SMA & sloping upwards - Ascending parallel price channel . - Break of OBV resistance levels have been positive - We have just broken above the Feb 2021 OBV high New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it. As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners. I previously covered CIPHER Mining NASDAQ:CIFR and Marathon Digital Holdings NASDAQ:MARA both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move). You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder. Play it safe PUKAby PukaChartsUpdated 226
RIOT: Approaching a significant support area.RIOT is correcting with the rest of the markets. As crypto market is doing damage control, it is interesting to see how RIO and other mining companies will hold up. Q2 earnings were good and RIOT is many progress on many of their problem areas, but the price will follow the broader markets. Price is however approaching a very strong support area along with .618 retrace of the run since the December bottom. At least a decent bounce can be expected there. if that doesn't hold then the next support area also coincides with the .5 fib retracement. Longer terms it is also creating some sort of a cup and handle pattern, so in either case, I will be watching BTC price action closely to make my next entry. Wave 3 target is high up in the sky, so there is no big rush. Last entry returned about 4x. Next one could be over 10x if things play out the they should...by mukit1444