Crypto SympathyAnother strong wedge pattern that seems to be working the past few weeks. $riot is moving in sympathy to crypto news catalysts and is looking to break out to a new 52-week high for Wednesday, February 10, 2021. Resistance at 42/43.
1RIOT trade ideas
Price action game
The most real choice than bitcoin itself.
the blockchain with the two engines the price action and the volume will fly very high
RIOT $50did a retake of this one after I watched previous video and previous resistance coming ~$50.
Its already doubled off its low and outpacing bitcoin right now. going to be more cautious around the $50 area.
want it to hold $35
not financial advice
RIOT option call March/26th 28$ strike why riot?? well
that tesla dude tweeted and bought a bunch on BC sooooo i decided to buy in butttt not BC i like the company that mines that shitttt
its almost a no brainer, i see some solid momentum and im always down to ride a wave baby.
its also a cheep stock for young traders to push up.
the ticker symbol alone is funny LOL
RIOT stays below $20 for Feb monthliesThe RIOT Feb 19 $20 Calls have the highest open interest, and are 65% on the call side. And the shorts don't lose them all.
Now I acknowledge that BTC could go bananas and maybe RIOT simply follows, but volume has come down. I expect a consolidation period and that we don't see big movement until after the $20 calls expire.
Overall, bullish for the next 90 days - PT 22/25/30. But think it takes the next 20 days to reset.
RIOT update from FEB 5My apologies, new here and thus have been flagged for not following house rules and suggesting everyone check out these amazing indicators, don't do that, and I will no longer be asking for you to do so... Lesson learned, moving on...From now on just enjoy these charts, hit that like button and follow if you want more ideas. I will be posting more trading ideas/instructions with my main focus being area of value trades and breakouts like this one!!!
From my post Friday (this same chart here) we now have a 50% gain (a 7X move on the option...) be ready for a pullback but I am long RIOT in the age of crypto...
I entered the FEB 19 calls before close friday. Cheers to all who got in!
Riot Blockchain month to date"Riot Blockchain Inc. focuses on bitcoin mining, supporting the bitcoin blockchain by participating in Bitcoin’s consensus system through proof-of-work mining, racing to find the next block and building upon the chain. We aim to be one of the largest and lowest-cost producers of bitcoin in North America." (source: RIOT website) "Riot Blockchain, Inc. operates as a digital currency company. The Company focuses on buying cryptocurrency and blockchain businesses, as well as supports blockchain technology companies. Riot Blockchain also maintains its existing biotechnology business segments." (source: Bloomberg) Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
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RIOT: Bullish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, but descending
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
PT = 49.32$
$RIOT - I am inI like the beak, I like the hammer today, I like the unusual call buying for September @$40 strike price
I grabbed commons, will add as the levels present themselves.
RIOT TO 14 or 28So I originally argued this would go back under 20.
Using the old chart, it shows both RIOT/Mara are simple to trade, they follow technical lines.
So Riot was down to as low as 16.
Is it possible if bitcoin is trading sideline, Riot and Mara would go down to 14?
If so guys, load !!!
RIOT moving on upThis stock is about to pop. It has tested the 0.50 fib level and didn't break support. Perhaps another test or two, but BTC coin is up again.
MACD signal lines crossed and face upward; both lines are above zero.
CCI line shows major consolidation between zero and -100 before a pop past the +100, dipped a little and a moved back up, with peek above 100.
Determined profit target with trend-based fib extension.
Bullish pennant for RIOT - Target $26 if acceptedFirst post here.
Support showing around $17. If the price moves fast enough, it could close $26 today.
Feel free to share your thoughts.
RIOT : .... D;......
im getting destroyed on my shorts
absolutely demolished
ahhhhh its ok
we are more overbought than march of 2020 now.....
& losing is apart of the business
n a good reminder as to why it always makes sense to trade on a long time frame & straddled
covering my puts?
....
are u kidding me?
i'll sell my calls though..
(if not, im homeless, after all)
im just glad im long volatility
when UVXY goes to 300+
.....
just look at GME
& remember, anything is possible
(like yields dropping again)
this feels like the mkt back in march...
only difference is
we are at all time highs
everything is so speculative right now...
gross...
ill sit and watch
oh, and about RIOT
yellen doesn't like btc
one last thing,
I remember saying on a prev post 'the mkt has no chance of dropping 80% in the next crash'
I wholeheartedly, take that back
it's starting to look a lot more probable by the day...
goodluck!
(especially if u are investing right now)
RIOT - buy at 19 LONGI think BTC will rise, so I bought some RIOT. AM prepared to buy more lower if possible.
They also will get new mining devices, so I expect good earnings.
Riot is likely to go upRiot has created a pretty good support and resistance level shown in the chart with red and green lines, so it might go up now.
Do your own analysis.
RIOT Adding to my position here. Using LEAPS 21Jan22 10c. I'll sell prem against to pay for the position
