RIOT trade ideas
RIOT Retest 200D EMA & Resume to 44 (& MORE?)Consolidation and redistribution over & mining bull run resumes
As Easy as 1, 2, 3, 4: Counting Waves in TradingAs you can see notated on the chart above, major bullish trends tend to have four waves.
After the fourth wave is finished, it tends to reverse direction.
Major bearish trends tend to be "the elevator to the stairs," and have two sharp waves down instead of four steps up.
This signals a harmonic pattern that can make trading in the future more reliable and easier.
Where do you think RIOT, MARA or BTC are headed next?
We have an ascending wedge completing its pattern, which also could signal trend reversal.
This ascending wedge is hidden within a giant triangle formation. Will see a break up, or break down?
$RIOT Target 46.95 for 49.24%🟢 $RIOT Target 46.95 for 49.24%
Or double position at 15.97
This one's doing well... + RSI support here… let’s go all the way… 🙌🏼
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
$RIOT Above 38 Bullish targeting 44 and 50 38 is previous top if it can close above it then possible targeting cloud roof at 44 - 43.8 then could target 50% fib near 50 . Stops for bulls below 32 . Note: closing above 38 only can make it bullish
RIOT potential breakout coming ?hello everyone, potential upside for stocks like RIOT and MARA if bitcoin keeps running/if we break the top trendline resistance/reclaim previous support area. on watch next week! goodluck :) leave a like and follow <3
$RIOT $MARA potential shortChina has decided that they will shut down crypto miners due to energy consumption. Potentially a bad news for the space.
$RIOT and $MARA has a textbook descending triangle break and retest setup.
RIOT is shaping ABC correction ,aim to 29$
as upward pic,the price is supposed to hit the 61.8% retractment ,and the upwards tend line.
RIOT Elon Musk and Jason Les in Partnership
Its already surpassed $MARA and going to new heights
Riot Blockchain Inc. (NASDAQ:RIOT) shares and other cryptocurrency-related stocks moved higher Monday after the price in Bitcoin (CRYPTO: BTC) rose following statements from Elon Musk.
Musk said he would resume allowing Bitcoin transactions at Tesla Inc. (NASDAQ:TSLA) when there is reasonable clean energy usage by miners.
You can obviously see that Elon Musk and Jason Les are talking a partnership deal using renewable energy. I wouldn't be surprise if Elon Musk was the center of it ALL and invest huge sums of money to RIOT Blockchain as an example of it all!
Let alone $RIOT is DEBT FREE!!
Riot Blockchain was up 14.18% at $35.43 at last check.riotdaily6-14-21
Riot Blockchain Daily Chart Analysis
Shares are trading in what technical traders call a pennant pattern. The stock is nearing the end of the pennant pattern and soon could see a large move.
The stock crossed above the 50-day moving average (green) Monday, and trades above the 200-day moving average (blue), indicating sentiment in the stock is likely bullish.
Each of these moving averages may hold as an area of support in the future.
Key Riot Blockchain Levels To Watch
Shares are nearing the end of the pennant pattern, and a breakout could move the stock strongly in the same direction as the breakout.
The pennant pattern occurs after the stock makes a run up and the price is later condensed between the highs and lows until the price is able to break out of either support or resistance.
The Relative Strength Index (RSI) shows that the stock has started to enter the area above 50. This signals that there are more buyers in the stock than sellers. A breakout of the pennant pattern while the stock is well in the overbought range could bring about a large move.
What’s Next For Riot Blockchain?
Bullish technical traders would like to see the stock trade in the pennant pattern for a bit longer before breaking out of the pattern resistance. Bulls would like to see a breakout of the stock while the RSI trades well into the overbought range.
Bearish technical traders would like to see the stock fall below the pattern support. If the stock can break below the pattern support and then go on to hold it as resistance, the stock may see a strong downward move.
RIOT BLOCKCHAIN A LEADING INDICATOR FOR BTCAs I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move.
The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down.
This has happened perfectly in sync since RIOT has actually started mining BTC.
Currently, RIOT has already started a bullish breakout and is up about 67% since the local low. BTC on the other hand is only up about 28% from it's local low.
RIOT will be very important to pay attention to going forward, as they have a large amount of their shares owned by institutions, as well as close to 2% ownership of the BTC hashrate coming soon.
Just wanted to point this out! Always good to find an edge somewhere ;)
- CA$HLESS
$RIOT might be breaking out of its downtrend.....If you look at the weekly trend on Riot Blockchain it may be breaking out of this down channel that has been highlighted on the chart. Look for the price to rebound around 38 and 40 dollars level and find a bull position to ride it up. There are alot of plays you could do with this price movement. You could buy the stock, you could buy a leap, you could buy a spread, you could sell a put credit spread. Based on your level of risk and your zeal for reward you can figure out what works best. Try to include indicators that are useful like the MACD and the RSI ....Later I can discuss the other indicators that are on the chart . But put this one on your watchlist.
RIOT could roll up past All time High by End Of YearRIOT could roll up past All time High by End Of Year
Not Financial advice just a computer drawing - I should be painting right now.
If the story on these miners can turn to green energy and efficient tech the stock price will rise just on the speculation of a new good idea.
NEW POSITION $RIOT Target 46.95 for 49.24% $RIOT Target 46.95 for 49.24%
Or next add level is at 15.97
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
