1RIOT trade ideas
RIOT: Bullish Flag, confirmed (132PC)Bullish Flag, confirmed (132PC)
Pros:
Volume at post
Descending volume during flag forming
Volume at break out
PPS above 50MA and 200MA
R/R ratio above 7
200MA ascending, barely
250RSI above 50
Cons:
RS above 0, but flat/descending
ATR Flat
Target:
PT = 110.90$
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BITCOIN RALLY CONFIRMED - RIOT TO TEST ALL-TIME HIGHSBitcoin tested 57k last night, and is now breaking through to the upside. Riot investors will see this bullish confirmation in the Bitcoin price, and send Riot prices soaring up to test all-time highs around $77-79. Options are looking attractive today, and so are those underpriced shares. Cheers everyone!
RIOT Stock - bullish momentum & the skyrocketing crypto movementA RANDOM TRADERS MONOLOGUE
If you ask me, we have a beautiful uptrend in the making and now is a good time to hop on the train, especially for riot. Skip to bottom to go to TA
First lets all remember: crypto is going INSANE, it is becoming super easy to mine, and this little golden nugget is one of the first blockchain financial platforms for crypto.
But what does that mean for me?
For those who do not like to trade crypto, but can't deny the crypto train, riot is a safe investment for the time being. You can even say it already has financial pairs that can be used as indicators, such as DXY, BTC, etc.
So do not bother trading crypto currency, begin investing in stock that is starting to become part of the crypto movement.
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TECHICAL ANALYSIS
RSI shows a leg forming, as well as maintaining an RSI above 60, indicating buyers are ripe in the market.
MACD is showing a gap that will be soon indicating our next official direction with RIOT. The yellow trendline on the chart is my indicator to begin thinking of closing my current buy positions.
To confirm the uptrend, the MACD will show volume green and a bounce from the yellow trendline upwards. The RSI would have to confirm by getting a higher leg up while staying within the green trendline.
We can also see that we got a nice VWAP over the EMA and in the upper bands.
RIOT is recklessRIOT reacting to crypto and spiking good pre market for a gap play. I entered options right at open with confirmation from my buy signal and am just playing the breaks through each resistence. Can this retest its highs?! Set your stops and enjoy the day your work is done if you entered, let it run!
If you like this idea or my other ideas please feel free to let me know in the comments. Like/share. Great dip buy opportunity confirmed with todays price action so far. Play it safe!
GO LONG - BITCOIN IS A ROCKETSHIPWe cleared the dip, the stimulus has passed and Bitcoin supply is at an all time low. Combined with last week's overcorrection to the downside, the stage is set for explosive growth here, and I see bargain basement prices on Shares and Call options. Live long and profit!
Market Selloff stabs RIOTI've been sitting on the sidelines, thought $40 was a good buy point and got back in some. Went down to $34, looks like that zone bottoms at $33. If it breaks below that level who knows where the bottom is, $27, $21 then $14 worst case scenario. We do have to consider market conditions on this selloff, its a bloodbath out there right now. I'm long RIOT from here, I think its oversold at this level.
RIOT BlockChain Priced In BitCoin!RIOT is a BitCoin mining company so the price closely follows bitcoin in most cases, but the added valuation and specualtion, in addition to the accessibility to standard markets, makes RIOT a great proxy so long as the reversal we're seeing on this chart continues.
Nice break to the upside. Let's see if we can hold support.