1RIOT trade ideas
Invers HSI believe if BTC rise, Riot will rise as well. As you can see on the chart that the right shoulder is forming at the moment.
TP1:10.50
TP2: 17.30
Obviously its only my idea, not financial advise.
RIOT at extreme support, move higher expected🤖I expect to see the 3rd big bounce from this support zone in the near future, potential for 1000%+ in returns is possible! it may take a while though.
stop loss below supports and targeting 24.01-40.97-54.70
lets get a RIOT goinglets get a RIOT going - I see $8.22 very soon once we get past this comical "fake" double top ;)
RIOT Blockchain: Bearish Divergence Double TopRIOT has Hidden Bearish Divergence ont e MACD and Classic Bearish Divergence on the RSI and I will be playing this via the March Puts at the strike of $5.5.
Going to Start another RIOT?Looks like this will be 50% cheaper shortly. Buckley up boys get ready for the recession.
RIOT Long Term Fib & VWAP Although both charts look identical, RIOT is further on its retracement journey in comparison to MARA. Watch for the leg lower on BTCUSD to fuel a leg lower for RIOT and MARA.
RIOT Levelnot using SMC for this for anything more than a reference. red is suspected trend start for the current uptrend on the retest. so on the first test should get a decent reaction. i suppose this should continue to push upwards after retracing this entire trend to find a new high, or clear out the current swing high at the very least. suspect this moves with crypto whenver that starts to move agian, woudld be decent exposure
RIOT monthly despair zone of bubble cycleRIOT monthly despair zone of bubble cycle. If this thing survives it will go up after crypto ice age is over )))
Graphical and Fundamental Analysis of Riot Blockchain (RIOT)1. Graphic Analysis
The price has broken a diagonal support at the white line.
If going to bet on a rise, I would expect a bear trap at $4.
If the downtrend continues, the next targets will be hit on the Fibonacci projection.
$1.30 would be the longer target.
The indicator at the bottom demonstrates the correlation with the price of Bitcoin, which is positive.
The macro scenario remains bad, largely due to the FTX crash.
The quarterly results presented by blockchain and mining companies are being released, and by the way, they are not good.
The question is: if the next results are not positive or if more companies fail, to what extent this would affect Bitcoin and other cryptocurrencies.
2. Fundamental Analysis
RIOT BREAKOUT FROM DOWNTRENDI am taking a position in RIOT, it clearly broke out from the downtrend channel and is positioned for growth.
Looks like heathy bull flag with C&H forming.
BTC looks like it will finally push higher, at least in short term.
Market is general is bouncing as well.
My first target is 8.47
Good luck!
RIOT Blockchain - Smart Money ConceptsSimple theory at work here. Buy the discount, sell equilibrium. as straightforwad as it gets, should play in line w btc to see a huge wick down back into that area shortly before moon. ggs
RIOT using Bitcoin as denominatorI think the resistance will HODL but maybe it could probably be a great trade in one year or so.
RIOT is not a good trade todayRIOT broke the decending traingle.. Still looks bearish, crossing of the ma, high RSI and moneyflow. Tell me what you think
RIOT Short part 2The gains where great from part 1. We are still in the descending traingle, RIOT is again looking for support and the trend is still going down. Let me know what you think!
Bullish patterns in a bear marketWe are almost in the same situation as in my last shared idea (ETSY).
A bullish pattern in a bearish environment.
To be exact: two bullish patterns.
A "Falling wedge" and an inverse "Head and Shoulders".
You may be wondering why is the "Head and Shoulders" still relevant.
Well, the price failed to break the neckline, so the pattern is still in play.
We also have a rising RSI and a regular divergence on the MACD, which are bullish signs.
My only problem is that, once again: we are in a bear market.
In addition, the RIOT is exposed to the crypto sector and the standard stock market movements.
If the resistance line does not reject the price, a breakout is possible.
Support: 7.06, 5.66
Resistance: 7.46, 8.08, 9.58
RIOT SHORT swing tradeHi guys, The trend is down, Riot is in an descending triangle and Riot is looking for support so I expect it to go down. Also the 100 and 50 MA are crossing. Let me know what you guys think!
RIOT Analysis 3D and 4HR Timeframe for Analysis
Seeing Riot in a Falling Wedge/ Cup and Handle Pattern.
Watching 6.52 Zone as potential Support Area
and have Identified 2 gaps, one above and one below
RIOTLooks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.
