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Riot Platforms, Inc.

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RIOT trade ideas

Why RIOT and MARA are solid buys.Hey there traders just popping into share something i've been monitoring for around 2 years now. This starts back at the C-19 Stock Market mania mixed with a little bit of BTC halving crypto craze. When one day i was doing some research on how i can capitalize on the movements of crypto through the stock market via options or really just anyway i could get exposure because at that time i was in another country and i didn't have a valid US Drivers license but that's off the point. Anyway me doing that made me discover NASDAQ:RIOT and NASDAQ:MARA and basically i started to trade those when i wanted to trade crypto without directly trading crypto if that makes any sense. Anyway the price of RIOT and MARA went absolutely crazy during the climb to the ATH of BTC. Then naturally of course it came back down to simmer just as BTC is now, and the way i've been keeping tabs on Crypto while i've been out of the market is I had bought a share a while back on 1/12/2023, since then that one share has been up to 100%+ and is still currently now sitting around 67% gain. The Meat and Potatoes RIOT & MARA can print on options, or if you hold the shares from around now until the halving and a little after to really get the best of both worlds. A little insight on what RIOT and MARA are and how they relate to BTC NASDAQ:RIOT refers to Riot Blockchain, Inc. It's a company primarily involved in Bitcoin mining. Their objective is to expand their operations and thereby increase the number of Bitcoins they mine. NASDAQ:MARA stands for Marathon Digital Holdings. Similar to Riot, Marathon is focused on Bitcoin mining. They aim to be one of the largest and most environmentally considerate Bitcoin miners in North America. Both companies' stock prices tend to be influenced by the price and overall sentiment around Bitcoin because their core operations revolve around mining this cryptocurrency. Thanks for reading. Tinfoil hat is off now
NASDAQ:RIOTLong
by M1ndless
2
$RIOT Showing Bearish Signs, Trending to $6.22 - $7.21 Buy ZoneRiot Platforms (RIOT) had a strong rejection from the yellow resistance line in Q3, and closed with a bearish engulfing candle. RIOT has a high risk of trending downward for Q4, and has already started showing a lot of bearish signs. On the 3-day time frame the EMA ribbon is acting as an area of resistance. RIOT has dropped below the Ichimoku cloud of support, and RIOT has just lost support at the white trend line. I believe that RIOT will trend down towards the light blue support level over the next few weeks for a potential bounce there.
NASDAQ:RIOTShort
by realchartchamp
4
$RIOT - can it hold on to that support?NASDAQ:RIOT is sitting on a support. It's trading below the 200-day moving average now. If current support fails, it can drop to $7.77. Breaking below highlighted basing area was a bit worrisome. Looks like there is a small bullish divergence in MACD and RSI. The bullish divergence in MACD and RSI is a positive sign. This suggests that there is some buying pressure at the current level. However, it is too early to say whether this divergence will lead to a trend reversal. Follow me for charts and technicals.
NASDAQ:RIOT
by PaperBozz
RIOT: coiling for something....RIOT is hanging around .618 retrace area on volume support, hugging POC of the range between $3 and $22. This should be a strong support. A breakdown right now might be an early warning of a big problem. If price grinds lower, I should expect support between $9 and $7.5. But will watch for a strong bounce before going in again. Right now there are bullish divergences in RSI up to Daily time frame, so should expect some kind of a bounce very soon.This moves with BTC, so, a pump in BTC price would certainly inflate RIOT. Still long in RIOT but getting very close to getting stopped out...
NASDAQ:RIOT
by mukit1
6