RIOT [NASD] Riot Blockchain long.All description on the chart.
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RIOT trade ideas
$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?
FLAGPOLE? Criticism is welcome! Looks like we could see this go either way. Personally think we could see another short burst from BTC this week.
Stay tuned
RIOT I'm feelin pretty good about this oneJust afraid in a couple weeks i'm gonna wish I had picked up more under $2
One More Try @ RIOTLast idea I published for RIOT was bad. As Bitcoin continues to pump, RIOT should as well. Falling wedge breakout on horizontal report, etc.
Riot BlockchainRiot a little closer up than my last one. Looking like a good entry with a tight stop
Riot Blockchain long Wanna load back up with some more Riot the next few weeks around $2 before earnings. Try and forgive my zoomed out chart clutter
RIOT - Bounce or Short TopRIOT - 1st green day / multi week up / if this shorts in the morning will be watching for a bounce if this goes long at open and spikes I will definitley shorting the top will be looking to get in on the 2nd draw back no rush
Riot blockchain investments offers better odds than BlackjackIf you have some spare cash and are willing to gain 1000% at the risk of losing 100%, Riot is a good place to put it, it is purely a gamble and must be treated as such, it is so speculative only a small percentage of your capital should be risked in something like this.
SHORT INTEREST 30%
COMPANY PROFILE
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 My arrows are purely for educational and visual representation of how i would like the trade to play out for executions. I have no interested in continuing to sell the majors against the USD as we are already so low!!
NASDAQ:RIOT
A stock company can predict the next path of Bitcoin? - 03A stock company can predict the next path of Bitcoin?
Chart 03
RIOT: A giant cup has been formed. The bearish descent of thehandle is formed. The only thing you need to do is to ride the handle to the top. Wave 2 has retraced 61.8%. Both targets match.
RIOT Rising WedgeRIOT looks to be completing a rising wedge on the daily price graph. Time will tell.
RIOT BLOCKCHAIN... CURRENTLY BEST CRYPTO EXPOSURE ON NASDAQ??Hello,
I just wanted to point out that with all the ETF delaying nonsense... that's fine.
We have a crypto asset to speculate that's already traded on the NASDAQ.
AND one thing to consider is these "crypto" stocks are few and far between.
This fact alone will cause speculators to throw cash at them that are stuck trading in traditional markets, and their options are... BASICALLY RIOT. lol
I myself have a PCRA. If you don't know what that is, basically it's my retirement account essentially a 401k that my company is matching 5% monthly on.
Since I'm a crypto maximalist and believe in all things crypto, plus my company is matching my investments, I'm going all in on RIOT.
I have been all in, all year, and so far I'm up over 100% in my 401k, and will continue this strategy all year, every pay check dollar cost average in.
I would like to look at anyone's 401k held at the company, I highly doubt anyone has traded and can prove such returns.
It's just not possible really. Unless you HELD CRYPTO!!!!!!!!!!
So, for those interested, here is RIOT Blockchain if you haven't been informed.
Basically the only crypto related stock traded on the NASDAQ.
It gets respectable volume, and follows the market almost identically.
One of the exciting parts is when the stock market closes on Friday and crypto booms on Saturday and crushes all weekend.
You have piece of mind Saturday and Sunday knowing RIOT is going to blow up and you get to sit back and watch the cash flow in.
AND those Mondays are usually good days to sell.
Jus' Sayin!
- CA$HLESS
RIOT making moves.Riot gained huge momentum on Monday going up over 10% in a terrible market environment.
Chart follows bitcoin trends religiously.
