$RIOT Descending Wedge$RIOT Descending Wedge -- play the break up or down. Can't imagine this would break down further than it has been beaten down already. Would rather play the upside if market can turn bullish.
1RIOT trade ideas
$RIOT Potential 200%+ BangerCrypto miners caught a bid Wednesday following Bidens Executive Order on cryptocurrencies.
I expect this bid will continue over the next few days.
To play this move I'm looking to buy any weakness in Riot Blockchain on Thursdays open.
Currently eyeing March 18th $17 strike calls.
Would like to pick up as close to $1 as possible.
Will be targeting $20 in 2-3 days.
If this plays out by Monday, I expect the call to approach $3/ea.
Ugly Chart but it gets point across Ugly Chart but gets point across - 16.75 ST Target, I see this by tomorrow, if we break that then 18 is next zone
make or break it line on riot blockchain, neutral 🦉RIOT broke that downtrend channel but its not looking too strong imo.
if we bounce here my targets 19.08-20.83, if we break back below trend resistance then target 14.69-11.62-8.55. like and follow for more! 💘
RIOT (SHORT)RIOT is setting itself up for a nice short
-ABC pattern projected fib extensions
-multiple rejections of fib 1.236 and 1.618 levels
Possible targets: 13 to 15 zone
As this could turn into a trading range with that as the upper limit of the range.
Bears will want to Riot after this moveDon't let the emotional rants on Reddit, Stocktwits and other mediums cloud your objective analysis - many say sell sell sell and are looking at tick charts on some amateur (I just started trading during covid and never saw a down market and call myself a trader) garbage...On that note, here's my objective view and price target within the next few weeks ($25-$26)
Riot 200 hourly EMA at 18.80. With Btc pushing it’s allowing riot to setup. Support is holding at 17.10ish. Rising 21 on hourly. I’d long this bitch stops at 16.50. Or wait for a pop if daily 200ema. Current resiatnce 17.70 for potential bullflag
Squeezing between 21 and 200 hourly. Move should be coming soon
the dip continues⍼ riot continues to get rejected at top trendline resistance, looking for a long entry if it manages to break above it. The bears will continue to win until that happens though. Bearish for now.
like and follow for more! 💘
$RIOT reaching December 2020 levelSince the turn of the year, everything has been dropping heavily in the wake of inflation, rates and worries of WWIII. RIOT reached levels it has not seen since late 2020.
Comparing to BTC price.
$RIOT Trade update$RIOT Trade update
RIOT averaged down today. New average 17.61
New sell target 23.95 for 36%
Add targets in the red and I have open orders at all of them.
GL, y’all
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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RIOT, short term SHORT, long term BULLISHRIOT completing Wave-C of Wave-4 and then, will complete Wave-5, so, long term bullish.
RIOT 1/6/2022RIOT – Starting Nov. ’20, RIOT enjoyed a very strong uptrend that saw price climb from 4.65 and topped out at 79.26. The uptrend ended April ‘21when price fell out of respecting EMAs. Price has since been moving sideways between price channel ranging between 21.65 and 42.35.
Price is now respecting 20ema and has broken down from the price channel it has been respecting. There is also a death cross signaling bearish market. This is my entry signal.
If price closes above 20ema, I will exit trade.
Entry: 20.48
Stoploss: Trailing 20ema
Target: Trailing 20 ema or 5.00
bullish overextended wedge will take us to $27-$24Bullish overextended short squeeze wedge will take us to our much needed daily and intraday bounce towards $27 to $34.
I'm bullish until $27 area and then a hold until $34, then after a reanalysis of the weekly/monthly timeframes at that level I will most likely become massively bearish to the mid teens on RIOT/MARA and sub $40k on BTC.
RIOT - Will Go All The Way HomeDo you think RIOT is going to moon or even hang about in this area? - think again.
See circled area for details.
RIOT: Trading the RangeRiot Blockchain - Short Term - We look to Buy at 26.27 (stop at 21.28)
Trading within a Bullish Channel formation. We look to trade the current range. Previous support located at 24.00. Previous resistance located at 41.00. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 40.95 and 46.00
Resistance: 41.00 / 50.00 / 60.00
Support: 24.00 / 20.00 / 18.00
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Riot Resiatnce at 22.60 and we need to reclaim 23 but with Btc moving here this might get some love. I’m eyeing riot here for a nice swing at least to 25.80s
RIOT Short strangle, $2.22 creditFEB 18 STO 15 P
FEB 18 STO 26 C
POP 71%
Delta -14.58
P50 83%
Theta 5.539
M Profit - $223
M Loss - Infinity
B.P. -$1413
ROC 17.9%
New Position $RIOT Target 33.67 for 59.42%New Position $RIOT Target 33.67 for 59.42%
New position @ 21.12… looking for 33.67 for 59.42%
RIOT going to May low?RIOT blockchain is one of the biggest publicly traded bitcoin mining operations and are approaching the lows we saw in May earlier this year, after breaking through support at $23. This is an attractive price to get in on for a long position. In the short term,if it reaches the may low, might see a retracement to 0.382 fib level
Double Bottom(Not Investment Advice)
Riot is showing a double bottom on the weekly chart. Riot has finished off 2021 lower than expected in the way of price action, Riot has accumulated large amounts of BTC and is focusing on growing further. The fact they have not offloaded BTC in the past year is a buillish sign for potential higher prices in the future, will this big play have a big pay day? only time will tell.
Riot breaking through $20 on the downside may provide a potential short opportunity however across the long term Riot is looking strong while going through sideways action.
(Not Investment Advice)
RIOT diverges from BTC and should reverseThis is my first idea I'm publishing to TradingView, so I'm eager to hear your thoughts/criticism.
The premise starts by stating that RIOT is highly correlated to BTC/USD, given how the business model is BTC mining that seems fair. As such, with the recent increase in BTC/USC RIOT has gained also, but sometime on Feb 9th it started diverging from BTC/USD and has only increased the divide since then. Why? There hasn't been a single catalyst coming from inside the company and it doesn't hold any BTC and is a money losing operation while trading at 1288 times last quarter's earnings. So my guess is that there's no reason to sustain this diverges and thus we'll go down from here.
I'm not going to say it's going bankrupt, but it should revert back to being tightly correlated with BTC/USD.
My prediction/guess - it reverts back to $33/share level.
