RIOT
RIOT - at a tipping point?RIOT, one of the few crypto plays available through NASDAQ. Options trading too.
Looking at the Martin trend, you can see RIOT turned bearish late last week following the news of Bitcoin/Tether fraud. (Old story)
Stoch and RSI both say buy but our momentum indicators say sell.
I bought some $5.50 and $5.00 RIOT puts last week that are already in the money. But it might not be a bad idea to snag some $5.50 calls expiring this week if they can be had cheap.
long over 4300$BTC setting for a break out after some consolidation. big picture still a massive uptrend $BTC.X $RIOT $OSTK
RIOT - Waiting to test support.RIOT made a big move up with good volume and then started to retrace. I'm looking for a 50% retrace to 3.06 or 61.8% to 2.82, both of which line up with previous support/resistance levels. 2.50 is also in the cards with possible support from the 26 and 50 EMAs. A bounce from any of these levels should send us back toward the 4.00 range. Breaking that level means its a long way down.
make or break- in a range here. long/short, whichever way it goes outside the range. $GBTC $TSM $RIOT
RIOT sideways movement.The exchange rate is based on a triple-wave stranding movement. The bottom support of the wave structure, a "valley axis" can be added. These types of axles have strong support for small ATR movement in exchange rate movements. We can imagine the complete swaying movement in the area bounded by the rectangle shown in the figure. From then on, the rectangular branch of the rectangle can be raised upwards and a stronger gain can be started. The upward movement requires that the d1 ATR axis (purple line) be crossed. The target price for rising motion is 19 usd level environments.
Short Idea for XNETThe idea is Fast Ema Band < Slow EMA Band. Bands are not separating showing opportunities for short sell. Space to fall below. Targets along the way (FIB levels).
Let me know you thoughts.
RIOT getting tractionNASDAQ:RIOT
RIOT is getting a bit of traction but it's going to correct itself again. Wait for good support.
Blockchain stocks are out of controlRIOT Blockchain just announced the beta development its own private Bitcoin Mining Pool.
Riot Blockchain is focused on building, supporting, and operating Blockchain technologies, primarily through its cryptocurrency mining operations and other internally developed businesses, as well as through potential joint ventures, acquisitions, and targeted investments in the sector.
Today it just came out of the Kumo so there is more upside on the near future.
Possible price target in december $20.
You can join us for daily trade ideas at totalbitcoin.international
Someone is Buying RIOT...Clearly following the bitcoin/crypto hype, Riot Blockchain has been diving from a high of around $46. With the real potential for a Bitcoin ETF on the horizon (decision due August 16, led by CBOE) this might have been the bottom for RIOT.
Yesterday, it broke back above the $6.00 mark with huge volume (see candle on chart) which looked like its bottom back at the end of March, and it seems like it retested it this morning. With bitcoin on the rise and blockchain adoption articles left and right (google any of the following with 'blockchain': Mastercard, Amex, Bank of america, etc.); it might be time RIOT makes a comeback. I'm looking for short term targets just under the $10.00 mark (~60%), and longer term around $15.00 (~140%).
Not investment advice, DYOR, and good luck trading.
Let's cause a $RIOTHigh risk, high reward.
I am super bullish on Bitcoin; therefore I am super bullish on $RIOT. Now, let's cause one. Everyone says to short and that it's a scam. I only listen to the energy in the charts. The energy says that something is about to move. Call me crazy, but I'm in for the ride.
"Go out on the weekends, I barely. Peace & Prosperity." - bryson t.
DPW Full Move Retracewas 100% winner last time the bitcoin stocks crashed. RIOT is flawed, DPW good alternative
RIOT Blockchain could fall fastRIOT is at downtrend line and major support.
If it breaks $6.68, it could fall to $4 quickly then slowly back to $2.
INTV, Bitcoin Miner, Kind Of Late, But Nice Buy StillINTV set up a wholly owned subsidiary BitcoLab to focus exclusively on setting up bitcoin mining operations.
(INTV) This funding is the CryptoFunder’s first transaction which offers the borrower a unique lending structure featuring an option to pay down the principal via digital currency.
starting out with a 1000 SF warehouse and then expanding to a 10,000 SF warehouse with solar panel roof.
The use of proceeds as follows:
§ To purchase $600,000 warehouse facility to be used as main mining farm
§ To fund facility build out: shelving/connectivity/vent/heavy power system installation
§ To purchase additional mining rigs and related equipment (mining and sales)
§ To complete blockchain development for CryptoFunder
§ To re-design corporate website
§ To engage an investor relations firm.
§
§ Authorized/Registered Shares: 40,000,000
§ Outstanding Shares: 8,388,337
§ Trading Float: 6,959,467
IPO, DMGI BLOCKCHAIN SOLUTIONS, TSXV 46 MILLION SHARESVancouver cryptocurrency mining company DMG Blockchain Solutions Inc. has raised new capital with the recent announcement of a completion of a $28 million funding round. The financing will help DMG establish its bitcoin mining and mining-as-a-service operations within the newly emergent field of blockchain tech.
Led by investment dealers Canaccord Genuity Corp. and Paradigm Capital, the funding includes the sale of 35 million subscription receipts at the price of $0.80 each for aggregate proceeds of $28 million. The closing was announced by shell company Aim Explorations Ltd. (TSX-V:AXN.H), which in September 2017 issued a letter of intent for a qualifying transaction to acquire all of DMG’s shares.
Aim Explorations said in September that interest in DMG caused an amendment to an early financing round, which was upped from $3 million to $4.2 million based on “significant demand.” AIM is led by Geoff Balderson who also serves as director for a number of mining companies including Canadian International Minerals Inc., Argentum Silver Corp. and Goldeneye Resources Corp.
DMG had earlier this month announced the launch of its new mining-as-a-service platform, which is aimed at Japanese retail investors in cryptocurrencies. The company says it’s set to purchase $3 million worth of hardware related to its network of cryptocurrency investors in Japan, which has emerged as a driving force in digital currency trading.
“By enabling our customers to mine their own bitcoin in a clear and transparent manner, I believe we have the right offering at the right time,” said DMG CEO Dan Reitzik in a press release. “The Japanese demand remains strong and we plan to address the broader global market in short order.”
Incorporated on September 7, 2016, DMG dubs itself a “full service blockchain and cryptocurrency company,” offering cryptocurrency wallets and software for global digital currency conversions and transactions, as well as a developer of payment and Internet of Things platforms based on blockchain’s distributed ledger technology.
“DMG believes its smart contract-based blockchain technology can be used to monetize the Internet of Things (IoT), enabling intelligent Internet-connected autonomous devices to securely transmit and transact with low transaction fees for services executed by the network,” writes the company in a statement.
The crypto-mining field is getting more crowded as companies push to take advantage of investor interest in currency mining, itself boosted by the meteoric rise this past year in the price of cryptocurrencies like Bitcoin and Ethereum’s Ether currency.
One DMG director is Sheldon Bennett, who for three years led the Canadian arm of cryptocurrency mining giant BitFury. Recently, BitFury announced a partnership with new mining company Hut 8, a Vancouver currency miner which was given exclusive rights to own and operate BitFury’s data centres across North America, taking control of 22 of BitFury’s operations which altogether consume 24.2 MW of computing power.
Earlier this month, Hut 8 announced it had raised $38 million in institutional capital in a private placement.
Disclosure: DMG Blockchain is a sponsor of Cantech Letter
DECEMBER 30, 2017 BY JAYSON MACLEAN
Bitcoin Big Crash Coming When Korea Shuts Down ExchangesThis market is filled with unsophisticated traders, with people who are way over leveraged. When this thing starts to really tank, people are going to start looking at their life savings and panic. Too many coins now. Before we only had ether and litecoin, now we have thousands. People will start to worry that bitcoin is just a prototype and lose faith the lower it goes. The pull back will eventually stop, flat line, then take off again for another run
WATCHING MONDAYAll converging. Volume and activity dry up, if you see some nice volume in the premarket, could turn into a nice bounce in the open. These are all like, the "blue chips" of bitcoin stocks, the originals with the most volume.
SPI Short Premarket $1.27, ScaleThey put out these fake asks a few days ago for 2.50 in the premarket open, then bought them, only 100 share lots. Such a blatant attempt to pump the price up so they could dump shares. Recently put out a blockchain press release. You can see the rabid selling that happened that day. Company is way over leveraged and too many shares. A sure thing
RiotThis stock was pumped up due to "Blockchain" in it's name. It could retrace to the .786 if it cannot break above the .618. Expecting it to stay with the green on the Gann Fan (1/3) . It has weak institutional support and poor earnings and revenue. This is a highly speculative stock that's betting on the success of the Blockchain in it's name. If it is successful in it's investments in the Ethereum and Bitcoin blockchain technology and can monetize how it will benefit medical/healthcare/biotech then it could be a good risk. At this time I see no reason to speculate on this stock as the money would be better invested in GBTC.
