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RIOT PLATFORMS

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1RIOT trade ideas

RiotSo even with this extreme bullish sentiment that riot is in I want to put out there thst 54$ is either massive support or an area of Support that has been hard for riot to hold. I want to see this hold as support which so far it is doing and we got a great bounce from. We are hitting strong resistance above so I wouldn’t doubt if we bounce between 56.30 and 54$ for a little while until bitcoin breaks 60k. 55.11 is the 200 ema on the hourly but we may go sideways annflag out to reset some oscillators. It’s possible for us to run of course with earnings but the biggest gains I’m expecting is next week if Btc breaks out next week 55.78 was my first target which was hit. 56.30 is upper trend line and above that is 62.05 as upper resiatnce which will be difficult to get through
NASDAQ:RIOT
by Erictaylor
Bullish Continuation > $BTC $RIOTEarnings on the horizon, there's a lack of confidence here.. Don't forget the meteoric rise during Q4 of 2020 (165% Gain Alone). We can see we are still in an uptrend. We can see rejection off 20 Day EMA. We can see neutral RSI, and potentially bullish Stochastic RSI. Bitcoin is also doing well this week, and will have a strong April, as we are entering a new quarter and the end of quarter rebalancing for funds will ease. The only risk on the charts is a potential Inverted Adam & Eve formation (double top), although, I'm not certain it's valid given the 22% difference from the initial peak.
NASDAQ:RIOTLong
by TheTraderAndy
6
028. PIGGISH PLAY - Short Riot Blockchain, Inc. (RIOT)Simply put, RIOT's share price is mostly a function of the price changes in Bitcoin and the price changes in the Nasdaq. Thus, if it appears that both of these asset classes are breaking down technically, it follows that RIOT will do the same, but in a synergistically bearish way. The correlations displayed at the bottom of the chart speak to this conjecture. Technically speaking, both RIOT and BTC appear to be completing terminal impulses in the Wave 5 position (on the primary/cycle scale), as we speak. The implications of such a completion are near-immediate retests into the Wave 2 area of the same degree. Hence, the rules of wave principle are guiding this trade with additional certainty. Plus, it is a fantasy to think that this company could stay aloft for much longer regardless of the underlying structural conditions of either BTC or NDX. Now then, onto the Pig Specs for option selection. Pig Specs: Buy PUTS: (Expiration: 4/1/2021; Strike: 60) Entry: Wait for an hourly close below 60.00/share and then launch the contracts specified above. The relative discount of going out of the money is not worth the additional risk of getting there in this case, IMO. Exit: I would make this a quick trade and profit all once the share price hits 45.18. I foresee actual riots forming in the streets once the stock market starts the heavy selling process. If I could, I would short those too. The moral of the story is to always short riots. -PissedOffPig NASDAQ:RIOT COINBASE:BTCUSD CRYPTOCAP:TOTAL CURRENCYCOM:US100 TVC:NDX TVC:IXIC
NASDAQ:RIOTShort
by UnknownUnicorn5511258
6