RIOT Calls *Not Financial Advice* *All Speculation*Looking to buy Call options for RIOT. Depending on how BTC reacts to 38000 resistance level will be the determing factor to if I buy these call options. If we see a break at 38000 then RIOT will more then likely trade down to $10 a share, this is where im looking to buy in. However if we see a reversal at 38000 then RIOT will likely trade into 11.5-12 zone. If we dont see a reversal at 38000 then im speculating market will retest at 36000. The exact play im looking at is a RIOT 11.5 Call Expiring May 6. Entry zone is $10 area and Exit Zone is 11.5-12 area.
RIOT trade ideas
RSI Signalling Riot Blockchain Oversold. Earnings Incoming!> Riot Blockchain has been dragged down by the greater tech market sell off. Bitcoin is still holding up. Considering the correlation Riot has to Bitcoin's price, this provides upwards momentum.
> The Nasdaq is falling into daily and weekly Oversold RSI levels. This increases the likely hood of a bounce in equities, suggesting upward momentum in Riot. Earning season is in full swing with many earning releases due in May, including Riot's May 16th release. Fingers crossed that aggressive expansion plans will not damage their earning results too starkly.
> Still awaiting the Crypto Miner FOMO. Likely to repeat when Wall Street and Retail, look for the highest return potential.
>>> Market thoughts:
> Check out "Game of Trades" on YouTube for some interesting market takes. Especially promising charts and correlations to consider in your Market outlook.
> 2 year bond yield looks like it topping, signalling return to SOME risk taking.
Riot Blockchain solidified support for a move to the Upside.Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated.
> I Believe that an ascending support line, has been tested multiple times by both Riot Blockchain and Bitcoin .
> With significant momentum driven by earnings season. Earning season is providing significant upside potential for all equities, especially in the Tech Space.
> Combined with Bitcoin's Recent strong upwards momentum, from yet another confirmation of strong support.
> We are likely to see a rapid rise in the price of Riot over the next few weeks. I think this is an ideal range to DCA, at the lowest risk level we have seen Riot Blockchain range in for a significant time.
1) Be greedy when others are fearful.
2) If you believe in a Companies business and promising future outlook. Don't let a discount be the reason NOT the DCA in lower. Especially in a stock you believe will be significantly higher in the long term.
3) Riot's fundamentals are one, if not the strongest in the mining business. With huge mining capacity coming online over the next few months.
>>> Eyes on the Medium to Long Term Chaps <<<
Just one Long term focused Investor/Traders Opinion, not financial advice.
Ticker symbol RIOT short-term analysisWe have seen this stock move between the different fib retracements for a while, as bitcoin. Hence it is time for this stock to make a decision.
This is the tea.
If the FED provides us with good information at the next meeting. Then we can see a big bounce.
But don´t get your hopes up.
Be on the watch for a BIG downside move as it is very likely that the FED can bring up some BAD news, as always.
$RIOT Potential 200%+ BangerCrypto miners caught a bid Wednesday following Bidens Executive Order on cryptocurrencies.
I expect this bid will continue over the next few days.
To play this move I'm looking to buy any weakness in Riot Blockchain on Thursdays open.
Currently eyeing March 18th $17 strike calls.
Would like to pick up as close to $1 as possible.
Will be targeting $20 in 2-3 days.
If this plays out by Monday, I expect the call to approach $3/ea.
Bears will want to Riot after this moveDon't let the emotional rants on Reddit, Stocktwits and other mediums cloud your objective analysis - many say sell sell sell and are looking at tick charts on some amateur (I just started trading during covid and never saw a down market and call myself a trader) garbage...On that note, here's my objective view and price target within the next few weeks ($25-$26)
Riot 200 hourly EMA at 18.80. With Btc pushing it’s allowing riot to setup. Support is holding at 17.10ish. Rising 21 on hourly. I’d long this bitch stops at 16.50. Or wait for a pop if daily 200ema. Current resiatnce 17.70 for potential bullflag
Squeezing between 21 and 200 hourly. Move should be coming soon
$RIOT Trade update$RIOT Trade update
RIOT averaged down today. New average 17.61
New sell target 23.95 for 36%
Add targets in the red and I have open orders at all of them.
GL, y’all
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
RIOT 1/6/2022RIOT – Starting Nov. ’20, RIOT enjoyed a very strong uptrend that saw price climb from 4.65 and topped out at 79.26. The uptrend ended April ‘21when price fell out of respecting EMAs. Price has since been moving sideways between price channel ranging between 21.65 and 42.35.
Price is now respecting 20ema and has broken down from the price channel it has been respecting. There is also a death cross signaling bearish market. This is my entry signal.
If price closes above 20ema, I will exit trade.
Entry: 20.48
Stoploss: Trailing 20ema
Target: Trailing 20 ema or 5.00
bullish overextended wedge will take us to $27-$24Bullish overextended short squeeze wedge will take us to our much needed daily and intraday bounce towards $27 to $34.
I'm bullish until $27 area and then a hold until $34, then after a reanalysis of the weekly/monthly timeframes at that level I will most likely become massively bearish to the mid teens on RIOT/MARA and sub $40k on BTC.
RIOT: Trading the RangeRiot Blockchain - Short Term - We look to Buy at 26.27 (stop at 21.28)
Trading within a Bullish Channel formation. We look to trade the current range. Previous support located at 24.00. Previous resistance located at 41.00. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 40.95 and 46.00
Resistance: 41.00 / 50.00 / 60.00
Support: 24.00 / 20.00 / 18.00
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