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RIOT PLATFORMS, INCRIOT PLATFORMS, INCRIOT PLATFORMS, INC

RIOT PLATFORMS, INC

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RIOT trade ideas

RIOT - Time To Get Long Against KerrisdaleRIOT Ok so if Bitcoin is turning bullish or even having a big bounce; then I think RIOT may break out soon. I've been somewhat bearish on some of these miners for lack of performance, but RIOT was entirely unaffected by the Bitcoin dump and that is a sign of strength. I think this contraction pattern may be building cause and perhaps a wild next wave up is coming. Not without plenty of risk but this show of strength does considerably reduce risk. And this could be a great positional buy right here. RSI holding well just below the midpoint too - looking stable. Kerrisdale Capital are short RIOT (hedged against Bitcoin) but if Bitcoin pushes on up that may prove to be quite a costly mistake. Not advice
NASDAQ:RIOTLong
by dRends35
12
Riot Platforms, Inc. to $1000 / 100xOn the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms trend reversal. Higher highs higher lows. 3) Price action confirms support on past resistance. (Green bar). 4) The inverse head & shoulders, you see it? 5) No share splits. True. 6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share. Ww Type: trade Risk: <=6% Timeframe for long: Quarter 1 2024 Stop loss: Will say elsewhere
NASDAQ:RIOTLong
by without_worries
58
Riot: Tug of warThe bulls and bears are currently engaged in a tug-of-war on RIOT's chart. From a technical perspective, the magenta wave (ii) could already be over. However, we are not yet convinced of this and give the price room to move closer to the support at $7.80. Only when the low of the move is established just above this level should the price turn around and rise significantly with the magenta wave (iii). Following this move, a small interim correction is likely to set in again, but this should be followed by a further rise above the resistance at $20.64, which completes turquoise wave 1. If, on the other hand, the price were to slide imminently below the aforementioned support at $7.80 (36% likely), we will have to see it in the magenta-colored wave alt. (2). In this alternative scenario, it should fall back into the same-colored Target Zone between $6.99 and $5.24.
NASDAQ:RIOTLong
by MarketIntel
Riot weekly chartThis is a weekly view of the Riot chart I have been using. You can see the greater wedge is still in effect and I added a teal support line on the macro uptrend. The other shade of teal line up top is long term resistance on a multi-month scale. I still expect this wedge to resolve upward towards 12.4$. I do expect BTC to have a very green Monday tomorrow. Monday is historically the most likely day of the week to be green at almost 70%. I do not expect a major reversal to the downside since May is over and May is historically one of the worst months for markets and BTC. -12.4$ soon, I plan on continuing to sell cash secured puts on this ride -I am more fundamentally interested in Mara and CLSK
NASDAQ:RIOTLong
by Apollo_21mil
Price Explosion is imminentI think RIOT is one of the more undervalued mining stocks for many reasons. Their HODL balance is over 9000 now, their new Corsicana facility is coming online as we speak and has already been energized. New miners replacing the outdated less efficient ones. The largest overhang is the share dilution over the years to scale things up however, this company has very little to no debt and very strong cash & equivalents, are planning to scale to 100 EH/S, with their goal being north of 30 by the end of this year (around 3x more EH/S). With an increasing BTC HODL balance, and an expectation of 100,000$ BTC in the near future, one could estimate at least a 5-6x boost in the share price here. (3x growth multiplied by BTC price increase + HODL balance increasing in value). I think end of this month and into next will see consistent upwards price action. Targeting 100-125$ by 2025.
NASDAQ:RIOTLong
by TheTraderAndy
1
Mining Company; @RIOT $RIOTHere’s my observation: the mining company might not be able to generate substantial revenue going forward. This is because once the halving occurs, the rewards for each block are halved. Moreover, if they continue mining with their current equipment, it may no longer be profitable unless they increase the hash rate. However, this will incur additional costs for the company. Furthermore, electricity costs are not decreasing, which would add more expenses to the company’s operations. On the other hand, if the Federal Reserve (FED) remains hawkish, it could instill fear in the entire asset market. While this might not be the biggest factor, the Bitcoin (BTC) halving could trigger a significant rally if liquidity is withdrawn from bonds or becomes cheaper due to a decrease in discount rates.
NASDAQ:RIOTShort
by Growth_Investor2050
22
Riot contraction before explosionIf my thesis on BTC pump this week is correct, RIOT is heavily lagging the move. Riot is not my preferred miner, but a lot cheaper to swing trade or sell options on than Mara and CLSK. I choose riot this week specifically because of the net negative vs. BTC price action lately. I am entering call spreads 10$ strikes with early July and Sept, plus I sold some puts to hopefully buy them back for much cheaper if Riot prints. -Short-term target 12.4$, lots of resistance here but could pump right past it -Medium term is 15-18$ depending on BTC
NASDAQ:RIOTLong
by Apollo_21mil
6
Bitcoin Miner Riot Platforms Set to Acquire Bitfarms for $950M Bitcoin mining giant Riot Platforms ( NASDAQ:RIOT ) plans to acquire Bitfarms Ltd. for $950 million, signaling a significant consolidation trend in the sector after the Bitcoin halving event. Riot aims to take over Bitfarms after acquiring a 9.25% stake, offering $950 million in cash and stock, marking a pivotal moment in the industry's evolution. The proposed acquisition underscores the ongoing consolidation in the Bitcoin mining sector, spurred by the recent Bitcoin halving event. Riot's bid for Bitfarms, valued at $950 million, positions the combined entity as a dominant force in Bitcoin mining globally. This consolidation trend mirrors the larger shifts in the cryptocurrency market, as companies seek strategic alliances to navigate evolving market dynamics. Riot's offer to Bitfarms comes amid management upheaval within the latter, with Bitfarms recently terminating its interim CEO, Geoffrey Morphy, following legal disputes. Despite Bitfarms' rejection of the initial offer, Riot ( NASDAQ:RIOT ) remains steadfast, planning to push for discussions and propose new directors to enhance corporate governance. Bitcoin mining faces challenges post-halving, impacting profitability for miners. Riot, with its extensive mining facilities in Texas, aims to capitalize on market opportunities, while Bitfarms expands its global footprint, particularly in South America, leveraging cheaper electricity costs for mining operations. Both NASDAQ:RIOT and NASDAQ:BITF stocks surged post-announcement, reflecting investor interest in the Bitcoin mining sector, but sharply retraced to new support level currently trading down by 0.72%.
NASDAQ:RIOT
by DEXWireNews
Update for RIOTHello everyone I could not realize that why Moderator marked my last RIOT idea as an "understandable idea" and how much I tried to get the reason or feedback I did not get any answer but I respect to his decision (He know the charts better than me). I have waited for this symbol for a long time and I hope to get a good position (If confirmed), so you can follow me in this chart if you are interested in this instrument. For now, RIOT has had a moderate correction to 50 % of its wave 2 minor and I am waiting for tomorrow morning if it starts to rise for its RALLY or make my counting failed and make me forced to recount it. Thanks
NASDAQ:RIOTLong
by AMA_FX
1
$RIOT Inverse Head & ShouldersNASDAQ:RIOT Inverse Head & Shoulders, our algorithm currently show a a sell alert large red dot, we are bullish bitcoin and so not we wait for a large green dot to accumulate. Riot Platforms, Inc. (formerly Riot Blockchain, Inc.) is a publicly traded Bitcoin mining company based in the United States. It operates large-scale Bitcoin mining facilities and focuses on expanding its mining capacity and infrastructure. **Key Points About Riot Platforms:** * **Bitcoin Mining:** The company's primary business is mining Bitcoin, utilizing specialized computers to solve complex mathematical problems and validate transactions on the blockchain. * **Data Centers:** Riot Platforms operates and invests in data centers to house their mining equipment and provide the necessary computational power for mining operations. * **Energy:** The company is focused on using sustainable energy sources for its mining operations to reduce its environmental impact. * **Publicly Traded:** Riot Platforms is listed on the NASDAQ stock exchange under the ticker symbol "RIOT." **Riot Platforms' main goal is to:** * Increase its Bitcoin mining capacity. * Become a leading player in the Bitcoin mining industry. * Contribute to the growth and adoption of Bitcoin. If you're interested in learning more about Riot Platforms, you can visit their website or search for their financial filings on the SEC's EDGAR database.
NASDAQ:RIOTLong
by AlgoTradeAlert
A good gift in stock for my little group Hello everyone I am really happy that I have been able to find this profession and learned it (Learning yet) and so find a way to make money and help others to do that. For new season of crypto market we should consider those stock symbols that work in this field, so I want to give you (for those that does not know it) a good chance to invest for your futures but please do it safe and with money management. I talked too much but I am excited because I have had this symbol under my monitoring for a long time (2010) and I guess it is confirming its reversal. If all my estimations are correct and everything goes well so we can invest a part of our balance in this symbol for future years. This is just my estimate and do not give you any entering signal and please check it yourself and then get it if you want. I recommend zoom in and enter it in H4 if your confirmations are approved. This project is working on BTC mining industry. Thanks
NASDAQ:RIOTLong
by AMA_FX
7
RIOT - long and medium-term plans. The technical and fundamentalHello, friends! It's Shark here, and today we'll be examining the technical and fundamental aspects of RIOT Mining Company stocks. We'll delve into both long-term and medium-term plans. Technical Analysis: Long-term Trading Plan (pink color), Timeframe: one month Global support level: $1.61 Global resistance level: $36.38 Global accumulation level: $46.20 The chart indicates that the price has been in global accumulation for 3000 days with a step of 2773%. Note the global descending trend line. Currently, the price is at its resistance. The long-term trading plan suggests breaking through the global descending trend line and the asset's growth towards global highs by approximately 28,200%. Medium-term Trading Plan (blue color), Timeframe: one week Channel support level: $4.12 Channel resistance level: $20.83 Channel width: 405% Mid-channel: $8.76 The price is in global accumulation, moving from support to resistance and back. Rising lows indicate an uptrend. Currently, a crucial point for the medium-term trading plan: the mid-channel level at $8.76 acts as support and has been confirmed multiple times. If the support holds and the price rebounds from the ascending trend line, there's potential for a +400% rise to the global resistance level at $46.20. Fundamental Analysis: Fundamental Analysis of RIOT Stock: RIOT Blockchain, Inc. is involved in bitcoin and other cryptocurrency mining. It actively invests in infrastructure and technologies to enhance mining efficiency. Let's examine the key factors that may influence the growth of RIOT stocks, as well as historical events that have impacted its value. Historical Events and Their Impact on RIOT Stocks: Bitcoin's Popularity Surge: During periods of significant bitcoin price growth, RIOT stocks have also shown considerable increases. For instance, in late 2020 to early 2021, when bitcoin reached new all-time highs, RIOT stocks grew by over 1000%. Regulatory Changes: In December 2020, news of potential cryptocurrency regulation tightening in the US led to a short-term decline in RIOT stocks. However, the company quickly recovered due to strengthened market positions and the implementation of new technologies. Technological Innovations: The introduction of more efficient mining machines and energy management technologies allowed RIOT to increase productivity and reduce costs, positively impacting the company's financial results and stock. Potential Events That May Influence RIOT Stock Growth: Bitcoin Price Increase: Since RIOT is involved in cryptocurrency mining, rises in bitcoin and other cryptocurrency prices directly affect its revenues and, consequently, stock value. Infrastructure Investments: Continued investments in new mining facilities and infrastructure development, including transitioning to cheaper and more environmentally friendly energy sources, can significantly increase the company's efficiency and revenue. Regulatory News: Favorable changes in cryptocurrency regulation can promote RIOT stock growth, while regulatory tightening may pose short-term challenges. Partnerships and Strategic Alliances: Forming strategic partnerships with major players in the blockchain and cryptocurrency industry, as well as potential collaborations with financial institutions, can significantly increase the company's market capitalization and attractiveness to investors. Conclusion: RIOT Blockchain, Inc. stocks have significant growth potential due to its position in the cryptocurrency market and active investments in technology. However, like any other stocks, they are subject to the influence of various factors, including market trends, regulatory changes, and technological innovations. Investors should carefully monitor these aspects and consider them when making decisions about investing in RIOT stocks. If you enjoyed the analysis and would like more similar reviews, please like! Share your opinion on this asset in the comments below. Don't forget to subscribe to the channel to not miss new videos and updates. Thanks for watching, see you soon!
NASDAQ:RIOTLong
by SHARK1318
One more "RIOT" to $16 and then the big correction in BTC!Long on NASDAQ:RIOT Short-Term Price Targets: By Friday (May 17) or Following Monday: $11.50 to $12 Early June: $14 Early to Mid-June: $16 Technical Analysis and Key Indicators Support and Resistance Levels Immediate Resistance: $11.50 to $12 Next Resistance: $14 Upper Resistance: $16 Chart Patterns and Technical Indicators Moving Averages: Check the 50-day and 200-day moving averages for bullish confirmation. Volume Analysis: Increased volume on upswings suggests strong buying interest. RSI (Relative Strength Index): Monitor for overbought conditions as NASDAQ:RIOT approaches target levels. Market and External Factors Bitcoin Price Correlation: Keep an eye on Bitcoin’s price movement; NASDAQ:RIOT often follows Bitcoin’s trend. Regulatory News: Stay updated on any news that could impact the crypto sector and NASDAQ:RIOT ’s operations. Overall Market Sentiment: Watch for changes in market sentiment, particularly in tech and cryptocurrency sectors. Risk Management Stop-Loss Orders: Place stop-loss orders to protect against unexpected downturns. Adjust stop-loss levels dynamically as NASDAQ:RIOT price moves up. Position Size: Maintain a position size that aligns with your risk tolerance. Summary Immediate Goal: $11.50 to $12 by May 17 or the following Monday. Next Goal: $14 by early June. Final Goal: $16 by early to mid-June. Stay focused on Bitcoin’s price movements and overall market conditions to validate the bullish momentum in $RIOT. Adjust your strategy if significant changes occur.
NASDAQ:RIOT
by candlestickninja
1
RIOT Short Term Rally on a low VIX?As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term. I still predict Bitcoin to have a $70-$75k rally before the "big" late year correction, as well as RIOT having a $13-$14 rally that may go in unison with this. I was stopped out this morning on my May 17th RIOT 10.50 calls, but reentered at $9.28-$9.35 on long 9.50 may 17th calls (along with more long UVIX calls as a hedge with the same expiration).
NASDAQ:RIOTLong
by candlestickninja