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
1RIOT trade ideas
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
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 ;)
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.
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.
The difference between Prediction and Analysis..!A prediction, or forecast, is a statement about a future event. They are often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference from "estimation"; different authors and disciplines ascribe different connotations.
Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development.
It would be a learning opportunity if you review my RIOT,MARA,and BITCOIN analysis since November 2020.
Please read the comments below the posts, some said RIOT is a scam, some said “haha” to price target.
But they did not bother themselves to read the merits behind my analysis..!
Moshkelgosha
RIOT: Looking like a Bull FlagRIOT was bound to pull back, it had been moving at a red hot pace. Looks like this is forming a bull flag which may present another buying opportunity in the high 50s low 60s range before another move to the upside. Purely speculative, I can see the next upward move taking a similar pull back pause around 120. If Bitcoin continues its steady climb, RIOT will go with it.
RIOT: Afraid of a pullback? A few points to keep in mind!Hello traders and investors! Let’s talk about RIOT today! This one is flying, but is there any reason to worry about it? Let’s see.
First, in the hourly chart we see that it is showing some weakness, but this alone is not going to be enough to make it drop. Yes, it might do a top lower than the previous top, as evidenced by the purple line, but RIOT did this sometimes in the past, and it didn’t work.
I would focus more on the black line at $ 58.78 , because it would lose the previous bottom along with the 21 ema, and this would be something new for the stock. So, the black line is a possible Pivot Point , that could trigger a short-term bear trend, and sharper pullback in the daily chart:
The black line in the 1h chart is today’s low, and so far, we can assume we have a classic Bearish Harami candlestick pattern here. Since it is not near any resistance level, it is not a reliable reversal sign, but it could work as a pullback.
The volume is quite high on RIOT, which is curious, as the volume on BTC has been decreasing in the past few days.
If RIOT triggers a pullback by losing the points mentioned above, the next stop would be the 21 ema . I find it hard to tell if it could seek the support at the $ 29.28, as it is too far away right now, so, I would focus on the 21 ema first.
This would be a pullback, but we have no reversal signs around . In fact, as far as I know, pullbacks are opportunities to buy at a cheaper price, with an optimized Risk/Reward ratio. But first, RIOT must trigger the pivot in the 1h chart!
Let’s follow RIOT closely and remember to follow me to keep in touch with my daily analyses on stocks and indices. Also, support this idea if you liked it!
For more analyses, just check the links below.
Thank you very much!
RIOT PullbackLooks like we've established to volume zones. I dont want to go as far as to say they are Support though. The green box is where we found buyers in the hard selloff today on unemployment news. What does unemployment have to do with crypto or a company with 7 employees? Well I'm sure you know the answer to that. It also looks like we've decoupled RIOTs price level from BTC because the crypto price is back up near all time highs and RIOT has sold off and is trailing now.
Personally I bought the dip and went net long. I pulled back the long positions to a lower price point and moved one out to next weeks expiry.
$RIOT blockchain Stock skyrocketed to new highsBitcoin Blasted Above $50,000 Today, Causing Riot blockchain Stock to Soar as Well
More and more, Bitcoin is becoming accepted by major companies, suggesting it is well on its way to mainstream adoption.
catalysts that are pushing bitcoin price up:
- Mastercard (NYSE:MA) announced that it will allow cryptocurrencies on its payments network before the end of 2021.
- Bank of New York Mellon (NYSE:BK) will also start supporting its clients' Bitcoin needs, according to The Wall Street Journal.
If these truly are the early signs of the so-called phase four of Bitcoin's adoption, then demand could keep growing for Bitcoin throughout 2021.
Demand is growing, and that's why the price of Bitcoin has soared in recent months.
And many investors believe a good way to play this trend is by buying Bitcoin-mining stock like $RIOT blockchain. . Riot blockchain get essentially paid in Bitcoin for providing computing power to the blockchain network. And investors believe revenue and profits will soar with the rising price of Bitcoin.
Moreover, investors are getting excited to see Riot blockchain amping up their computing power (known as their hashrate) because some assume this means the company will be able to mine more tokens.
Riot Blockchain announced it's deploying new equipment over the next week that will take its hashrate to over one exa-hash per second (EH/s). That's quite a lot, and it's an increase of 26% from where it is right now. But investors shouldn't assume that means the company will mine 26% more Bitcoin.