MARA / RIOT - Lets see what happens?RIOT seems to be lagging MARA a bit but provides the same setup.
RIOT trade ideas
Riot Potential Second WindLooking at a strong entry point for a long trade on a second leg formed.
Looking for a price target of $30.
Signs of oversold conditions starting to appear on the RSI & MACD . Also seeing some divergence.
While I see pullbacks on BTC to $50k & ETH to possibly $32-3500, RIOT seems to suddenly making a breakout.
Could be profit taking and traders seeing higher profit % potential here in the meantime?
I'll bite. Let's see where this goes.
RIOT IDEA Riot appears to be testing the resistance at .236 fib level. If it breaks through it next major resistance is at 43.18 dollars or the .382 fib level. I have took profits on my calls expiring in November and rolled them into calls expiring in February to March.
RIOT, be ready for the FOMORiot for whatever reason RIOT has been under performing. I think I have some clues but hard to confirm...
It is usually about at least 5 bucks higher than MARA as we know.
therefore:
since it is undervalued, and BTC is very likely getting to 60K, I would imagine the FOMO on RIOT is coming
Both RSi and MACD is up trend now from its under valued position, and this is the only the beginning
MARA is about 44, given the fact that fundamental is much better now since April for both MARA and RIOT, my target, and I suspect is 47USD if BTC reaches 60K.
Of course, the higher the better right?
Please like and comment, especially why RIOT is under performing, thanks
RIOT Potential Swing Setup (11/3/21)Time Frame: Daily Chart
Idea: Breakout
Factors to Consider:
- Crossover on the 9/21/50 EMA's
- Crypto Strength (Specifically BTC)
- Historical data over the last 12 months shows weak resistance in designated price zone (Highlighted Via Purple Rectangle)
- Volume & Open Interest heavily weighted on call options 2-3 Strikes OTM 11/19 Exp.
Note: Daily is currently overbought, pullback and consolidation for a better entry and trend continuation.
RIOT Bull Pennant Good looking chart price finding support off the anchored vwap from march 16th weekly candle
Huge Breakout on $RIOT Blockchain mo's long desc triangle breakRiot and Marathon Patent uses to trade neck and neck, shorts got in control and it is not half the Market Cap of MARA.
Both Miners reported numbers today and RIOTS were actually better than MARA's.
MARA and RIOT rallied 15% yesterday and the shorts thought they got lucky with the bitcoin flash crash on Fed Release that sent the stocks down 5%, but it quickly reversed and left them trapped as it rallied hard through resistance on high volume. As long as bitcoin stays where it is at they will be forced to close their +17M Share short positions.
RSI, MACD broke out and showing great strength.
OBV broke to a new high above tough resistance today.
If you like Bitcoin you'll love $RIOT$RIOT has seen some shit throughout the years, I'll spare you the details because they've settled it and now the future is looking bright.
As one of the only, if not only USA publicly traded Bitcoin mining operation out there you would be a fool to not build a position in this company. 2020 they have been ramping up production, and 2021 does not look any different - " Riot has 8,000 S19 Pros scheduled for delivery in equal installments over the first four months of 2021"
With all the news surrounding Microstrat, PayPal, Square, JPM, MassMutual, etc it appears the Bitcoin investment phase in infrastructure is just around the corner backed by some huge funds that want to secure/insure their Bitcoin holdings.
Buy any dips this thing gives us, cause this breakout is going to be HYUGE.
GL :)
(Riot analysis EW)(Riot analysis EW) - "PRIMARY" (1 & 2 & 3 ) complete and possibly 4 also aswell// One way we can show 3rd wave is complete is looking at the "MACD & RSI" showing the strongest momentum. The way we can tell if wave (4) correction is complete is if the (SELL TRIGGER) isn't broken and the (BUY TRIGGER) is broken and conservatively the (.618 Algo zone isnt rejected) . If the (SELL TRIGGER) is broken this is more likely a bigger (WXY) correction. But until then we will assume "Bullish" and have our triggers set. I will update this chart as it progresses.
Just scale down the MACD AND RSI if you would like to see the chart more : )
RectangleRectangles are neutral until a trendline is broken with a trend in that direction. A break to the upside would be 40.35 with and uptrend.
Mid Rectangle is 32.34.
No recommendation/You can get a guesstimate of how far this may go after breaking a trendline by taking the width of the channel and projecting it from the trendline.
RIOT ON A GROWTH MINDSETRIOT after growing +14.47% per day has more potential of growing even more higher in the 1W time frame.
After some analysis done on the chart which shows a clear break out gives hope for possible growth. Also a clear RSI divergence on the 1H time frame.
#DYOR
$RIOT - Breakout of resistanceRIOT broke out of resistance and is lagging behind MARA. Needs to break out of key pivot
RIOT--nearly 40% gains possibleBitcoin could hit ATH this week. A good week for bitcoin is a good week for mining companies. Loaded up on a few Friday, starting with Robinhood/Reddit fave RIOT. Eyeballed MARA as well but this one seemed to be not as bought up yet (while MARA is nearing ATH, but still probably a good play).
With RSI still under 50 on the daily, this ticker could be pushing 30s as soon as today.
This shit is just as volatile as crypto (obviously), so remember to bank some gains on the way up if we do indeed start to run up this week.
RIOT bbRIOT the video game company: 🚩🚩🚩
RIOT the bitcoin mining company: 👌👌👌📈📈📈
Entry + avg cost: $26.00
Take profit target: $52.00
$RIOT is looking good I entered a position in riot just with calls. I think that there could be a run up to$35 soon.
RIOT - Wyckoff Accumulation Complete - Signs of StrengthRiot has been lagging behind despite the massive pump on bitcoin.
Why? Well, most likely the price was being suppressed so big bags could accumulate more.
See the textbook Wyckoff accumulation pattern in the image.
You can see where the price was pushed down as it started to take off
Now we are at the signs of strength phase
I expect within a week or two to test the top edge of the wedge and most likely breakout to the upside along with new highs from bitcoin.
Inverted head and shoulders and huge breakout with 35% short intLargest North American Bitcoin miner that should be valued double ihas been held down by shorts. call activity says they are about to cover given the breakout.
double bottom pattern can play out here$RIOT creating a double bottom pattern similar to the one $MARA created a week or two ago, great risk reward at these levels in my opinion. entry 25.9, stop loss 23.5, price target 34/40.
Khan's Live-Charting 03 - $RIOTVery nice Wedge with easy Support, Resistance and Profit Areas. At the moment in a good spot to accumulate shares, with rising BTC-Price --> Nice swing opportunity
RIOT Fixed Range Of VolumeQuick follow up on my earlier post about RIOT Blockchain as part of my response to @Ahmedramzy81
$RIOTPO3 potential here. Invalidation and expansion marked. Couple this with my $BTC bullishness, and I think we could see $40 in the coming weeks/months.
