1RIOT trade ideas
Diamond pattern, MACD and rising volume confluenceNASDAQ:RIOT
In my opinion, one of the strongest trading patterns, which the price broke in the right place. MACD made a bullish crossover and the volume is increasing. The company is related to crypto, so I think that if the BTC trend continues, RIOT will not decline. Since this is a monthly chart, I do not expect a jump overnight. I am in position.
RIOT - Dec 24 BTCUSD100K Part1BTC100K Plan
- Part 1: Once BTCUSD hits 100K, the plan focuses on purchasing crypto miners CLSK and RIOT. These two stocks showed a significant price gap between their current levels and the previous highs during BTCUSDโs last attempt at 100K.
- Part 2: After the crypto miners peak and start to capitulate, the strategy transitions to shorting Bitcoin treasury companies with weak fundamentals, capitalizing on their predictable pullback.
BTCUSD finally broke past 100K this morning.
- I started placing overnight orders for CLSK and RIOT in anticipation of a market opening spike as liquidity flows in. I used ADR% from the entry price to calculate the risk for CLSK and RIOT.
- I have pegged additional +1R risk for unknown variables
RIOT Descending Channel BreakoutTypically in the bitcoin world, descending channels break to the upside. This is because, since its inception, bitcoin has moved upwards in price. And most other assets in the space move in tandem. Obviously there are no guarantees and we can only predict price targets based on what things have done historically, so we shall see.
Riot Platforms, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Riot Platforms, Inc.
- Triangle 1&2 | Uptrend Bias
- HH&HL | Measurement Template Inflicted
- Retracement 1&2 | Center Low & High
- ABC Impulsive Wave | Hypothesis Wave Inflicted
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
RIOT Bitcoin Miner Ready to Rock and RollRIOT Platforms has been crafting a remarkable inverse head and shoulders pattern that has taken several years to develop. With our linear projection, weโre eyeing a target of $92, and given the current momentum of the Bitcoin bull market, breaking through the $100 mark seems very achievable. I've also added a linear projection for your reference below!
Riot next BTC halving to bull run road map
I already provided RIOT analysis โฐ successfully top ๐ & correction completed ๐
Unfortunately ๐ฌ my 2 posts got disconnected against trading view rules ๐
Again making complete analysis for next bull run ๐
Before entering pls #DYOR
Below this post I will update you everything ๐
So just follow and share post and save it by boosting ๐ it ๐
So if I updated anything in this macro correction or exit or crucial things u get updated ๐
Let's get started ๐
๐งต๐
1 ๐
Next halving 25TH APR 2024
expecting price $28-35 RIOT
2 ๐
2025 jan-march range expecting bull run top ๐ target ๐ฏ๐ฏ
Then money ๐ฐ flow back to
BTCUSD
to final top ๐
.
3 ๐
Present support zones ๐ ( BUY / ACCUMULATION )
$12-11.5 ( 20-30% ๐ฐ )
$7.25-8.6 ( 40-50% ๐ฐ )
Worst case ๐ $5-6 #imo not possible ๐
Stop ๐ lose #SL :: month close below $5
.
4 ๐
Resistance ๐คฅ ( selling / exit )
Before going sell learn ๐ about PRINCIPAL TRADE concept ๐
It's nothing but removing your liquid or seeing your liquid ๐ฐ at that target or zone ๐
Only holding #profit either to rotate nor to be safe in this risk assets ๐
Principal trade target ๐ฏ
$25-35 ( expecting halving time )
Profit sell :: $52-84 ( even more possible but that time I will update you here )
Always be in a plan ๐ keep mind ๐ง with minimum target ๐
Then ur emotions won't get hurt ๐ค
โค๏ธโ๐ฅ
$RIOT about to play catch up to the upside?NASDAQ:RIOT has been consolidating in a bottoming wedge and looks set to break out.
I think we see a very sharp move to the $18 resistance as RIOT has serious catching up to do. I think RIOT and HUT will be the most bullish two miners for this next move up.
After hitting $18, we should see some consolidation before the next big move higher.
Not sure if we get into the $100s or not, but will update the chart as the move plays out.
RIOT: Buy back the next dip?RIOT pump along with overall crypto and general markets post-election, most likely completed full 5 waves sequence. There is a chance price can move a bit higher. Following this move, a correction is most likely get introduced by FOMC meeting. I will be waiting for a 3 waves move down to get back on this train for a larger wave 3 or C.
RIOT: moving stop loss upRIOT is at a spot where only a 3 waves sequence has completed. If abc move is the end of this sequence, then there is no reason for holding on at the moment. But in case a wave 5 is due, we might still be in for some good size gains. So, instead of completely getting out, I have taken profit at wave 3 and now have moved the stop loss up right below Thursday low. The whole thing can be part of a larger ABC pattern or if we have a full 5 waves up, then it might be start of a much larger wave 3 sequence. So, I will try to keep some skin in the game. Leave a bit that I can afford to lose completely and not lose any sleep over it...
RIOT - short position on 1h time framehi traders
let's have a look at RIOT on 1h time frame.
The price is at the upsloping resistance of the channel.
This short position on RIOT is based on a bearish divergence with the RSI. Enter short at the resistance now.
Take profit/ target: at the horizontal support (orange line),
stop loss: 10,75.
RIOT Platforms Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RIOT Platforms prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $0.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RIOT: bullish count as long as 5 waves completesRIOT is chugging along since the low made in September. As BTC is holding major support areas, RIOT is getting the tailwind it needs to move forward. The price action looks bullish; but we have not seen a full 5 wave sequence. We need to see a few more higher highs and higher lows and get close or above $13 resistance level to have some kind of confidence that bull cycle has started. Keeping in line with BTC, after the minute degree wave 1 is complete, the whole market will plunge into a correction for a few months. That will be a true test of this bull market. If price can hold above $8 support, then sky will be the limit once we get out to the other side of correction....
If price breaks below $8.52 now, then this count is invalid. We might see a larger leading diagonal or a deeper correction might still be intact for intermediate 2.
RIOT Platforms Bullish Rally Hits All Targets! Trade CompleteTechnical Analysis: Riot Platforms โ 15-Minute Timeframe (Long Trade)
Riot Platforms executed a strong bullish move, hitting all profit targets after a long entry at 8.04. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 8.04 โ The long trade was initiated after identifying bullish signals.
Stop-Loss (SL): 7.83 โ Positioned below key support to manage risk.
Take Profit 1 (TP1): 8.30 โ Hit early in the trade, confirming initial upward momentum.
Take Profit 2 (TP2): 8.72 โ Continued buying pressure drove the price to this level.
Take Profit 3 (TP3): 9.14 โ The strong uptrend pushed the price to this target.
Take Profit 4 (TP4): 9.40 โ The final target has been successfully reached, concluding the trade.
Trend Analysis
The price stayed well above the Risological Dotted trendline, confirming a sustained uptrend. Riot Platforms showed clear bullish momentum throughout the trade, hitting each profit target in sequence.
The long trade on Riot Platforms was highly successful, achieving all targets, with the final target of 9.40 marking the end of the trade. This showcases the effectiveness of identifying strong upward trends.
$RIOT * WEEKLY TF EWP FIB TC ANALYSIS Letโs break down the potential Elliott Wave scenarios that may unfold, along with alternative possibilities. Iโll review the key details of the chart I provided:
Primary Scenario: Completion of Corrective Wave
Wave Count:
โข It appears that RIOT has completed a large corrective (A)-(B)-(C) wave.
โข The (A) wave bottomed around early 2020, and the (B) wave rallied to an extreme high around mid-2021.
โข The ongoing (C) wave has been pushing lower and is now potentially near completion, suggesting that the bottom could be forming soon.
Key Fibonacci Levels:
โข The price is close to the 0.618 Fibonacci retracement level, which typically acts as a major reversal zone in corrective waves.
โข Thereโs also a Fibonacci cluster indicating confluence between the 0.618 and 0.786 retracement zones around $6-$7. This increases the likelihood of a reversal if the price holds at this level.
Confirmation of Trend Reversal:
โข For this scenario to play out, we would expect a five-wave impulsive structure upward to begin. This would be Wave 1 of a new bullish cycle. The key confirmation would come if RIOT breaks above the downward channel resistance with strong volume and follows through with higher highs and higher lows.
Alternative Scenario: Extended Correction (Complex Correction)
Possibility of an (X) Wave or Further Downside:
โข In some cases, after an (A)-(B)-(C) correction, a complex structure could unfold, resulting in an (X) wave and then another corrective pattern (Y).
โข This would imply that RIOT could consolidate further or possibly make another low before finally reversing. The chart does suggest this possibility due to the large downward channel still being intact.
Deeper Fibonacci Levels:
โข If the price fails to hold around the current levels, the next key Fibonacci level around the 0.786 retracement (around $3.25-$4.00) could be targeted. This might be the level where the final capitulation occurs before a reversal.
Wave Count Indicators:
โข Wave 1 Upward: If the bottom is in, we could see the start of a wave 1 upwards, which should follow an impulsive five-wave structure. This would be a strong indicator that the correction has ended.
โข RSI: A bullish divergence on the RSI, where the price makes lower lows but the RSI makes higher lows, would be a strong confirmation of a reversal. Keep an eye on this divergence in shorter time frames (e.g., weekly or daily charts).
โข Break of Downward Channel: Watch for a break of the upper boundary of the downward channel. This break should be accompanied by a surge in volume and a higher low formation, marking the shift in trend.
Conclusion:
The primary wave count suggests the potential for a bottom forming, particularly around the current support zones near $6-$7. However, in the alternative scenario, a more complex correction could push the price lower to retest the next Fibonacci level, possibly in the $3.25-$4.00 range. Confirmation of a new bullish wave will require a strong impulsive move upward, breaking the channel and solidifying the new trend.