1RIOT trade ideas
Riot channel tradeBit coin has found support.
Riot right now is under some resistance point that I would like to see it break through before entering.
its currently under: Fib .5 at 48.12/ Split channel (redline)/ Downtrend (yellowline)
Entry 48.50
stop loss 48.00
Future targets Fib (green lines)
weekly #RIOT looks scary enough to Buy?!Massive bearish engulfing candle. Would wait for some SOLID support before entering with stop loss (maybe $30). remember #RIOT being $2.50 a share? Not an financial advice!
Riot heading back to Role Reversal Testing Support?!Finally took profits on #RIOT couple weeks ago @$77 after a parabolic move up and got stopped out @$58. Was HODL since $3.50 and was actually sad to let it go. Anyways, just waiting for solid support to get back in!
Buy limit @ $30 FYI. Also posting weekly to cancel out Daily noise for better view next couple weeks. comments allways appreaciated! Not an Financial advice... Trade on own risk... blah blah
$RIOT round trip rip Called short from 68, same set up as my $MARA short that worked really well, now we bounce it, look for a small bounce then drop to price reversal zone, or gap down, i am keen to that 20 day ma, looking for volume at red to green trigger (D leg), see $JD $MARA shorts, in $mara plan i said in notes you could apply same trigger, for short on $RIOT, the price action is very much the same in the two names
RIOT Cross under 50, 200 sma bullish pattern detected on the 5d5d chart shows a cross under the 200 day sma and a ounce right off the nearest support. the trend line from its initial break out last week shows a nice symmetrical triangle forming and converging right above that same support. given its volatility and relationship to BTC however, its always plausible a breakdown under this support and settling in at the mid 20's range is never out of question. but given the trend here and what seems to be relatively stable floor for BTC, we can expect more likely a breakout ot he upside in my opinion.
This is a risky derivative, use caution and do your own DD, NO finance , No Financials here
Is this the right time to take profits out of RIOT?Let’s review my analysis on RIOT
1st- Nov 5,2020, Long: price : 3.81 (target 46 in 1-2 years)
2nd- Nov 10,2020, long : price 3.34
3rd- Nov 13, 2020, Long: price 4.08
4th- Nov 17, 2020, Long: price 6.08
5th- Jan 31, 2021, Long: price 20.52
After 14900% gain in less than a year RIOT has just touched the upper border of the quadrant channel and early sign of reversal appeared today!
IMO: cash out the primary capital and a big chunk of you profit, keep some free stuff if you think there will be another bullish rally. From the early days I said this will outperform Bitcoin in a bullish rally. Honestly, I couldn’t imagine it would be 12 times better..!
At this moment I believe it couldn’t outperform Bitcoin any more..!
Moshkelgosha
RIOT Is Still a Good BuyThe market dipped today and I regret not buying RIOT earlier, though I am already up 10%. However, I believe RIOT will likely continue going back up to its previous value of around $65. First, there is bullish deviation in the one month RSI (As shown). Second, the stochastic is indicating we are oversold and are about to trend up. Third, the MACD looks like it is about to cross and go back to being green, and is thus indicating upward movement. Lastly, I believe BTC will rapidly recover from today, as it has done in the past. I still have stop losses placed, granted they are placed such that if they activate I will be taking profit, but I am pretty confident RIOT will continue to recover.
Disclaimer: This is not financial advice, and I am not a professional analyst. I am just a retard who likes looking at pretty graphs and gambling with his hard-earned savings.
RIOT for 2/22We need to hold above $68 tomorrow. Bullish long term but it looks like RIOT is finding its place. BTC hit new highs over the weekend and I think a key level on it is $56700 vs $78 RIOT. We might have an interesting open, I'm looking for a rise in BTC above $57k to add here if RIOT gets above $78. RIOT right now is figuring out its place, the short term holds are the ones that will bail on any weakness. If BTC isnt strong we will have some chop tomorrow. I like the 58-60 zone to add more right now. Towards close of trading if it holds above $68, I might add if the market overall isnt a selloff.
So Sideways day: No change
Holds above $68: Add some
Above $78 and hold at any point: Add some
Below $58: Short term bearish
This is being posted before after hours trading opens. If we get a run up overnight with BTC, look for a selloff on the open back to fridays closing price and watch for a move back up. Stay away from options expiring this friday unless you are confidently day trading. Give yourself a couple weeks or more on any positions, from this price level up is a longer term play. There could be more pullback possible!
RIOT ProjectionRIOT: Honoring the consolidation on current price shelf. Squeeze on more acute time frames could show reestablishment >74.26 after testing KL of resistance of 73.30 ; < 70.28 could see a test of KL of support of 66.03. Will be interesting to see how price action develops after maintaining its current range and with the movement in BTC.
Let's have a RIOT!I bought this stock 4 days ago. The reason (honestly) I bought was because I saw "Blockchain". I have read a ton of opinions on the future of the stock price, and for the life of me I can't see the reality through all the opinions. Reality check: this particular stock is a representation of a global fear of losing what "we" have worked hard for. This stock is a RIOT against this FUBARed system.
All I saw was chart up; blockchain; bitcoin mining and safety for my cash. The company itself is not the point. The company has made a great decision to move into a blossoming emerging market, at the right time. If it "follows" the BTC trend even better.
We all know deep down the BTC tech is finite and limited by its carbon footprint. So in my humble opinion, I will watch this stock grow until BTC starts to fail. That is not anytime soon.. I read a great IDEA here that basically patience will pay off more than reaction. I have set my stop loss and will stay put until the price drops 10% of the daily high (based on my shares).
Once I cash out of this stock I will find similar investments, well, because I tired of this corrupted system too.
D
Upward momentum$riot appears to hold the multi-session pennant lower bounds. I'm looking to see if Monday is a second green day and break the upper bound post-pennant expansion. The stock is currently consolidating at the 61.8% multi-session fibronacci level. Looking to re-test Friday's high.
Potential short of the short term top in BTC?Second idea, logic similar to the MARA idea. Let's see how it will play out, BTC started rolling over during the weekend ...
RIOT: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 9
200MA ascending
250RSI above 50
PT = 134.99$
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
RIOT Training Trade Feedback WelcomeHey Everyone, I am new to trading and this is one of my first few trades that was on real paper :-). It was kind of an easy one. But I am hoping with some feedback maybe you can help me tighten up my ideas or tell me you were way off. I entered my position at $65.15. I was watching a 3Min chart which it wont let me share, this is a 15Min chart. Once I established an upper and lower trend. Then I just watched for a place to set my trailing stop. When we hit $77.00 I placed a trailing stop at $3.00 (the lower horizontal line was my stop). I eventually stopped out at $74.81. Thanks for any feedback you can give me on my trade.
RIOT Long Term AnalysisSo I've been watching BTC for the past two years now and from my experience seeing how it moves, I have nothing bad to say about where it's heading. And with the continuous adoption of crypto payments by different financial companies such as Mastercard, and newly acquired TSLA stake, I think the accumulation phase is still underway.
Aside from this, my favorite sympathy play to BTC would have to be RIOT . Not only is the name catchy, but the fact that it has just 6 employees catches my eye. I hear a lot about MARA yet they only have 3!! I like the fact that it also has 11.55% Held by Institution over MARA's minuscule 5.46%. This tells me RIOT 's more invested. Could be because they have double the employees, but either way, it's a win-win.
Sitting at a shallow 4.13 B, the current MKT Cap is nothing compared to upside potential. To put things into perspective, CHWY, a pet food company was acquired for 3.35 billion back in 2017. It now has a market cap of 47.8 B just 4 years later.
To conclude my thesis on RIOT , I'll finish off with a tweet made by Elon Musk yesterday:
" To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.
However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.
Bitcoin is almost as bs as fiat money. The key word is 'almost'. "
The real crypto investment lies elsewhere. That's for me to know, and you to find out ;)
Baby gap$riot had a small gap-up at open for a small first green day. 75c 2/19 average entry at 150 average exit at 225 for 150%. See smaller time frame .
h pattern and my green box from earlierUpdate before close, an h pattern has formed. If this breaks that 58-60 zone box, I'm bailing on this. Be very careful what happens overnight here. Pull in your size, there is no guarantee on a short here but aside from the bearish market and tape on the stock today, the following 2 things I observed:
a. RIOT has decoupled from BTCs price reads - BTC is not significantly down at all but RIOT is.
b. The h pattern is a pretty reliable stock/forex pattern for a bearish turn over. I'm not going to trade it until it breaks $58, perhaps it could be too late by morning anyway. The only reason I'm not going short is because the market itself has had a down day overall, so we might just pick back up with business as usual tomorrow.
Be careful overnight. If you long on it, hedge your position some here. Pull in size if you are able to.
RIOT blockchain bitcoin miningGood possible risk/reward pick up now. watching that 72 as a key level to confirm bullish.
stop at $62
target is $100 to 115
Not financial advice
Excessive Even for a Blockchain StockUsing an absurd 75% - 20 day envelope on the chart which I think does the job of identifying extreme stretches for this stock. The recent pull back is reminiscent of a blow off the top formation. Don't see why RIOT couldn't halve back to the $30s in the coming weeks even with bitcoin above $50K. Should finish today with a bearish engulfing.
