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Riot Platforms, Inc.

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RIOT trade ideas

RIOT Bull put spreadRIOT Bull Put spread 37 sold 36 bought, 7 DTE, 25% ROI Earnings isn't until May 17 BTCUSD 1h is sideways trend, testing 1h supply, broken downward momentum line, with a new RBR RIOT Strong sell off into March 25 demand zone 1st touch was into proximal edge 2nd spike down yesterday could just be momentum continuation Pullback into 5min buying zone, unconfirmed demand Passively selling off on 5m chart today, almost touching the origin base 5m chart VPOC 5 min chart double top highs this morning makes me think there's more weakness above aggressiveness below. It all depends on the current level at 43 actually holding with buyers stepping back in. Short strike is 37 tucked into next demand zone down with an aggressive imbalance from Mar 9 I think the current demand zone at 43 plays defense for me and if buyers can reverse momentum and remove supply at 50 it'll be a great trade If not, I've got the Mar 5th zone as backup defense. With thanks to @ThetaTrades @alleytrader for the idea
NASDAQ:RIOT
by claypuzzle
$RIOT Target PTs 61-65-79 and higherBullish Pennant, continuation patterns Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.
NASDAQ:RIOTLong
by BADQOMOCAWGOWLD
1
RiotSo a while back we were very bullish on riot being in a very bullish consolation. With the massive rejection at 62 getrinf stopped out of positions I had a new ide that it could turn into a descending traingle which is bearish although can still break bullish. After the wick to the bottom side shaking many people out, it could be flagging here making its may to retest descending resiatnce. It’s catching resiatnce on the 4hr 20 ema. The top of flag resistance is 42.15 if we can confirm support above here we could have a good move up. 47.12 would be breakout of triangle in my opinion so if you’d rather wait for that don’t blame ypou. I
NASDAQ:RIOT
by Erictaylor
1
RIOT - GETTING READY FOR A RALLYRIOT has been beaten down pretty bad and had a pullback as far as 33.30 area which was a -58% pullback! There's a major support at the 34.20 level which would've been a perfect entry but I think there's more room for this to move. We are also forming a ttm squeeze on the 4hr and it looks like it's setting up the same way it did when it had a pullback back in March 9th. It's hard to time a perfect entry but I think this is a good starter position in this level having that we've identified a good support level which can identify the risk and I've set targets for taking profit. A couple catalyst to watch out for: - April 28th-29th: Pres. Biden + Fed Chair. Powell speaking regarding the fed reserve policy as well as a follow up to the capital gain tax. - May 17th: ER Contract Suggestions: RIOT 5/21 55C @ 1.57 or RIOT 5/21 60C @ 1.07 Average down areas: - $39 (gap fill area) - $34 (major support) Stop loss: Below 33.50 NASDAQ:RIOT
NASDAQ:RIOTLong
by Ross-Santos
How to buy high and sell higher (applies to many stocks)After I started understanding and recognizing this pattern it has helped me to change my "buy low sell high" logic many of us have embedded into our habits. Buy low sell high is great but what about when we miss the initial move(s) ?? I have come to find that that does not always mean you are necessarily "missing out" .. First of all, there should be a catalyst when see these big moves up in stocks and that's smart to identify. RIOT has had a catalyst in the form of it's margins and earnings growth as a result of bitcoin's rising value and as a result has entered a period of exponential growth. In my opinion, the best time to buy after a big move up like this is NOT the dip. This is because if we are buying the initial dip going into staging area, we then have no confirmation of uptrend continuation (it is entirely possible for stock to plummet into distribution). It's also because after a dip there is going to be lots of buyers who entered at the prior high, many of which are trading with no game plan that will be watching their losses increase ready and happy to get out as soon as their losing position is at or near a break even price. Many of these "dumb money" buyers who entered at the top will sell at/near their cost as the stock recovers from the dip and thus provide overhead supply which will push the price back down. Not to mention there will also be the buyers of the dip who may also be selling then too . The process will probably repeat multiple times before the next move up too , but with smaller moves up and down . Also , at some point the catalyst that is helping the stock move up will subside and the stock will eventually enter a distribution cycle . To summarize , in my opinion, the best time to buy this kind of event is at the end of the basing periods just as the stock gives us a confirmation of uptrend by moving up with volume . Notice the volume reduces throughout this staging/basing period as the supply reduces and the weak holders are reduced . The volume is not always as evident as this particular chart and sometimes there will be more moves up and down as the stock contracts but as you may agree , the goal is not to buy low and sell high with this pattern . It is to buy high and sell higher. You can of-course buy the dip but at that point you don't have a confirmation that the stock wants to keep going up so you are reducing your possibility of success. In any case , don't omit your stop loss and respect a healthy risk/reward ratio . To be clear , this is not just for RIOT, this is an entry method that can apply to many stocks .... Good luck ~
NASDAQ:RIOTEducation
by NAK1987
15