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RIOT

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
RIOT short term target 25 early next week; medium term 18-22Chart looks almost as terrible as the BTCUSD chart (see reference below) with an intraday H&S formation. Confirmation of this pattern would stick us around the 25 level. With the 200 day offering support around 22-23, and having tested it for a week previously, it seems probable we could descend through it in the next week or two. I would see 18 as the medium term critical support if the 200 day fails. The optimistic may envision a falling wedge here, but the volume pattern does not support this hypothesis. Note that also if we should find the path to 25, this could actually form an even larger head-and-shoudlers (shoulder 25, head 29, shoulder 25) - with a downside projection to 21.
NASDAQ:RIOTShort
by tacosaurus
RIOT Swing Trade 5/27/2021Look at day chart and week chart, consolidation on the 200 SMA for the day chart and major break out above 9 SMA. Bearish doji and morning star on week chart, also a break in the 27.50 resistance. Price is going to be heavily based on the price of BTC. BTC broke 9 SMA on the daily and nearing break on the 200 SMA, with a MACD flip and a RSI coming back from 30. Double bottom on BTC with higher lows, broke 40k resistance. Great trade! This is not financial advice, I am not advocating the buying or selling of RIOT stock.
NASDAQ:RIOTLong
by kediguy
We Have Not Reached the Bottom YetThough cryptocurrency as a whole and its related stocks like MARA and RIOT have been declining by almost 11-15% a day recently, the bottom has not yet been found. Farther we dive, searching towards the end of May for low levels with more support. As you can see, there is strong resistance ahead with the red line marking each one in time. When a stock is this bearish, it is necessary to find a real bottom, the lowest absolute price and consolidation before an uptrend, before ever investing in it again. If I was holding, I'd keep holding. As it is, I'm not yet ready to buy this stock. I'd like to see it fall further, to pre-hype and inflated levels. The new price target has fallen from $95 to $55. That's like a 50% cut! This could go down to $15... Good to take into consideration for the time being. Best of luck and loving peace to all.
NASDAQ:RIOT
by Grandmaster76
Bitcoin Crossed Below 200 EMAI can not convince you that Bullish run for bitcoin has Gone! Atleast check all my previous Bitcoin analyses! I did whatever could do..! decision is yours to make! I asked short Bitcoin on April 13, 2021, when it was 62-64K I predicted NIO top on January 11th, 2021 (2 weeks before it happen). Tesla Top on February 17: NYSE:GME when it was 325 on January 30th, 2021 NASDAQ:TLRY Top on February 11th, when it was 63! Whole EV maker sector on February 18: NASDAQ:RIOT top on Feb 18, 2021 when it was 62 I asked everyone to buy Gold when it was 1700 on March 6th, Many people called me stupid, scammer, ...etc, but at least I know I started this to help others! I know I had mistakes but review my works and judge yourself..! Moshkelgosha
BITMEX:XBTShort
by Moshkelgosha
14