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RIOT

After Big Push Up and Earnings Inflation, Time to Sell RIOT?In institutionalized markets, we often see patterns of up and down, up and down, verses more free markets, in which we see large bull trends followed by disastrous bear trends for some. The more popular the asset, the more swings we often see, as people play a tug of war to win Bull or Bear. As you can see in this long-term Daily Chart, RIOT has had two weeks of a solid uptrend, followed by slight sell-off, and consolidation near the top. The bottom lies around the golden figure of $22 USD. In the shorter-term to medium-term charts, I see little room to move up on the top, with Bitcoin once again reaching resistance at $41,000, and massive downside potential. For the monthly chart, we are at a monthly high. Warren Buffet would recommend to sell the overbought monthly high for a weekly profit. Technical indicators show we are overbought, and due for a slight-to-moderate correction. For the yearly, we are still in a downtrend for both RIOT and BTC, with highs far, far away. The push up in RIOT is likely due to its earnings coming out in two days. Days before earnings arrive, the stock anticipates positive or negative earnings, and rises unexpectedly. Most of the price action commonly occurs before, not after earnings come out. Don't buy the hype. Markets feel ebullient, with SPY at all time highs, making a 38% gain in 1 year, but much of the country is truthfully in a depression. Banks just lowered interest rates again, making savings accounts useless. Many other modern countries having savings with a rate of 8%, more than the typical gain per stock market year. US will have a harder and harder time existing on trillions of debt and even Bitcoin and cryptocurrencies can't save the monster of debt US is lugging around behind its warguns. For myself, I'd rather sell resistance, and buy major support. Ask yourself, too: what is a bit of coin? What is a bit of money to you? A bit of coin to Bank of America is $10 for quarters. That is the maximum amount of coin they will give you. Now think about a billionaire's motive: what is a bit of coin to him? This man has never had to live paycheck to paycheck, does not know the real value of money. To a billionaire, a bit of coin is $100,000. To a multi-millionaire, they often spend $50,000/month on housing and other expenses. At least, that's what I've seen with my own eyes, with real people millionaires. If Bitcoin continues to go up, its ultimate DARK SIDE comes out. It will have the capacity to inflate all assets. In my city, food prices have doubled in many restaurants since BTC reached 60k. Apartment prices have gone up at least 10%. Many people want higher Bitcoin, but it may destroy USA. USA is known for little inflation and fair prices to be united. You have to be a citizen first, and Gordon Gecko of greed second. Reminder: Always do your own analysis.
NASDAQ:RIOTShort
by Grandmaster76
2
Trading Triangles and ChannelsGreat trading day, loved the quick action on the charts. Today, RIOT formed a symmetrical triangle in the morning hours. I marked the top resistance levels, mid support/resistance levels, and bottom support levels. It was a fantastic freefall from the top resistance levels to mid support levels, where it then formed resistance and plummeted to bottom support levels. Trade #1 - Up $800 USD in Paper Account Trade #2: Up $350 Trade #2 was based on Descending Wedge and Channel patterns, forming new support and resistance levels. It's very hard to see on the 15 minute chart, as I was working with smaller time levels that I cannot publish about. How do you manage risk? Share any risk-management tactics, traders!
NASDAQ:RIOT
by Grandmaster76
Added to $RIOT New Target 45.70 for 51.27% 🟢 $RIOT Target 45.70 for 51.27% Added here @ minor support in hopes of a good crypto run... ----- — 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. Numbers with an A are places that are a good idea to add if you can. Numbers with a D are places where you should double your position. I start every position with .5 - 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.
NASDAQ:RIOTLong
by SPYder_QQQueen_Trading
2
USDZAR reverses in a growing channel as news support the growthRemember that you only need three points to paint a CHANNEL. June's bottom was predictable and it is now confirmed that the price will likely continue to hit the dashed SHIFTING POINT OF CONTROL from the technical perspective. I rarely speculate on news in forex markets, but fundamentals are so strong for this pair, that I can not ignore them. The South African Republic has practiced racist policies. The experienced white farmers are getting their land confiscated without any compensation. This, by itself, would not impact the economy, although it is unjust. The problem is that the land isn't given to black farmers. Instead, it goes to political hacks or stays under the government. Or it goes to the Chinese who grow tobacco instead of food (the Chinese are considered to be black under SAR's laws). Something similar was tried in a neighboring Zimbabwe two decades ago. After food shortages, a new government returned the soil to experienced farmers, although they still were white. Then, there are government favors to the companies that employ and are owned by black people. Of course, some companies went further than that and started employing politicians' families in senior positions they have no skills for. The companies need to have black partners to secure contracts. Naturally, it disqualifies many international companies from the competition. Furthermore, you might have heard of the recent uprising. With unemployment above 30%, the people are fed up with corruption, so it is no surprise. The trigger event was putting president Jacob Zuma in jail for corruption, but he has strong support from the largest South African tribe. His supporters now say, that the anti-corruption laws come from the colonial era and are, therefore, racist. The riots may or may not lead to heavy disruption of supply chains as major oil companies refused to supply the fuel. The cars run out of it and are blocking the road. It might or might not significantly worse the food supply issues. I had high hopes for SAR in spite of its racial policies. Now it seems that the country can only get more radical. An economy choosing employes based on race and political family ties is unsustainable and will not be able to compete internationally .
Long
by OrcChieftain
Trade Entries for RIOT stock - When to Buy, when to SellWe've had 2, soon to be 3 major trade entry points for RIOT the past few months. The first major trade entry point was bullish after Riot's long fall. A retracement was imminent, and I predicted it to reach 40%. It hit 40% like a miracle. The second trade entry point was bearish, after Riot's 4-step rise. A correction was imminent, and I predicted 2 elevators down, at least 20%. It has been 20%. 2/2! 100% correct. Now, we approach the third major trade entry point. It may be bullish, if Bitcoin continues to stabilize and build support at 30k. It may be bearish, if Bitcoin continues to fall, signalling a Death Cross in the daily and a major bearish market. Only time will tell! What are your predictions?
NASDAQ:RIOT
by Grandmaster76
2
$RIOT Target 46.95 for 49.24%🟢 $RIOT Target 46.95 for 49.24% Or double position at 15.97 This one's doing well... + RSI support here… let’s go all the way… 🙌🏼 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
NASDAQ:RIOTLong
by SPYder_QQQueen_Trading
RIOT BLOCKCHAIN A LEADING INDICATOR FOR BTCAs I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move. The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down. This has happened perfectly in sync since RIOT has actually started mining BTC. Currently, RIOT has already started a bullish breakout and is up about 54% since the local low. BTC on the other hand is currently up about 9% from it's local low. RIOT will be very important to pay attention to going forward, as they have a large amount of their shares owned by institutions, as well as close to 2% ownership of the BTC hashrate coming soon. Just wanted to point this out! Always good to find an edge somewhere ;) - CA$HLESS
BITFINEX:BTCUSD
by CASHLESSSOCYS
6
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
NASDAQ:RIOTLong
by CASHLESSSOCYS
1
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.
NASDAQ:RIOTLong
by SPYder_QQQueen_Trading
2