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!
1RIOT trade ideas
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
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
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.
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 going back under 20So folks, I make it short:
I am using my old chart, and I see Riot is going to touch the 100 days EMA, then 20 USD, probably followed by the support line at 16.
And eventually 13 / 14. this would be a great BUYING opportunity.
Of course it depends on BITCOIN in coming days.
Please comment. Thanks
RIOT 1/18 Trade Idea and ProjectionsRIOT sympathy play with BTC
BTC:
Bull flag (symmetrical wedge) on Daily
Reversal price action respecting bottom trendline (2 wicks w/ small bodies)
20 SMA coming up for support
$1.9T stimulus packet proposal, decreasing USD
RIOT:
Bull KL's: PLOD, PHOD, 22.50, 24.00, 25.00, 25.50
PT: 26.50, 27.70, 29.30
Long term PT: 33.30, 46.30
Price action projection: gap up, flush, strong morning momentum, 50% retracement, sideways price action. Looking for continued momentum if btc breaks flag with volume