New Position $RIOT Target 33.67 for 59.42%New Position $RIOT Target 33.67 for 59.42%
New position @ 21.12… looking for 33.67 for 59.42%
RIOT
RIOT diverges from BTC and should reverseThis is my first idea I'm publishing to TradingView, so I'm eager to hear your thoughts/criticism.
The premise starts by stating that RIOT is highly correlated to BTC/USD, given how the business model is BTC mining that seems fair. As such, with the recent increase in BTC/USC RIOT has gained also, but sometime on Feb 9th it started diverging from BTC/USD and has only increased the divide since then. Why? There hasn't been a single catalyst coming from inside the company and it doesn't hold any BTC and is a money losing operation while trading at 1288 times last quarter's earnings. So my guess is that there's no reason to sustain this diverges and thus we'll go down from here.
I'm not going to say it's going bankrupt, but it should revert back to being tightly correlated with BTC/USD.
My prediction/guess - it reverts back to $33/share level.
Market Update and a look at fee FREE blockchain ETFs/MinersIn this video:
* Should we be concerned about the price action today in the crypto space?
* A quick peek at the Stock Indexes and BTCUSD and ETHUSD
* Fee Free Blockchain ETF's and Miners which you can buy on Robinhood, Ameritrade, and others:
GBTC
MARA
RIOT
NDTAF
HUT
HIVE
IREN
BITF
GREE
ARBK
ARBKF
SDIG
BTCM
CLSK
BTBT
DMGGF
ARKK
BLOK
COIN
BSVUSD
BCHUSD
BTCUSD
DOGEUSD
LTCUSD
ETCUSD
ETHUSD
Best to you all and HAPPY NEW YEAR!
-Stew
ANY bounce from the strong support ??ANY Sphere 3D wants to rival MARA and RIOT in 2022.
Peter Tassiopoulos, CEO of Sphere 3D: "We have successfully pivoted to the cryptocurrency mining industry with the purchase of our first 60,000 miners, capable of producing 6 exahash of capacity. we have secured an agreement with Gryphon Digital Mining to have Core Scientific host and manage about 230 megawatts of bitcoin mining capacity, which covers over 71,000 bitcoin mining machines."
This strong support area seems like a great buying opportunity!
My short term price target is the 6.2usd resistance.
RIOT/BTCUSD Beta Hedge In regards to my last posting, which explains this idea and the logic grounding it , I just wanted to publish this spread chart for RIOT/BTCUSD as I think it's important .
The idea is that a short on bitcoin can be hedged by buying an equivalent dollar amount of RIOT , which acts as a beta hedge here .
Please give the initial publication titled "BTCUSD How to reduce risk while shorting using beta hedging" a read if you have not and are interested in this idea. It is much more detailed and it is linked . This is meant to supplement it only . I have attached the prior posting mentioned to this publication .
riot bACK INT HE BOTTOM OF CHANNEL LOOKING FOR PROPPby 1 and half months out in the MMMM cAll BBBAAABBBYYY
RIOT on the tunnel make some riot!As it looks from here there will be a consolidation on the 28-29,
Then we will take off to new horizons.
*Not a recommendation, do your own due diligence.
RIOT about to EXPLODE!! HUGE Pennant with Upside TP = $102Entry at open $28.09, SL = $23.23, TP= $102. EXTREMELY LOW RISK TRADE and HUGE UPSIDE. Willing to Risk 2% on this trade because of I am wrong I only lose 2% but if I am right this trade has potential to 360% Return. This trade reminds me of BTC trade I took last year around May with nearly identical setup but that was on the weekly chart. This trade is on Daily chart.
HUGE Pennant with already a weak breakout and rising MACD about to cross ZERO line on multiple time frames from 8 hour, 3D, Weekly. BULLISH slope to MACD with breakout of downtrend on MACD as well as smaller Pennant (Bright yellow trendline) appears to be ready to explode higher out of larger Pennant (tan dashed trendline). Price is also at MAJOR SUPPORT.
RIOT! Swing Riot is holding pretty good.
It might reach previous resistance. Good R/R. MARA having the same swing trade set up. Check our previous post.
MARA - Retesting BreakoutBulls have been in control since May 2020.. Some see a H&S, I see a re-test of breakout.. We do have a shooting star on the monthly which is bearish bitcoin has been consolidating for months and expecting a breakout any day.
TP $100+ by mid-Feb. If bitcoin stalls, then RIP MARA. GL
HIVEI'm starting to think we have this pattern EW analysis developing here. With W3 testing fib extension 1.618 lvl this count makes sense as far as EW is concerned.
mara short swing ~previously we swung mara from around $20 --> $70 via:
it came down pretty impulsively after poking our target, and there has been no signs of bullish divergence or anything of this nature (thus far).
i think it's going to drop lower.
shorting it right here for this potential sub-wave 5th swing.
MARAMARA even though this shit got a subpeona on it,, it may be bullish in short term once it gets down in between that 36-46.
I'd be looking to buy shares anywhere between that zone, but i do like RIOT more.
A review on Wall Street Bets' Plays of the day!In this analysis, I review the most important Support and resistance levels of the top mentioned Wall Street Bets tickers!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
I think most of you know their plays I too risky and chasing is not recommended!
Rank 1-6:
and my prediction for Today:(this is only valid for today, may need an update soon!)
Rank 7-12:
and my prediction for Today:(this is only valid for today, may need an update soon!)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
11/14/21 RIOTRiot Blockchain, Inc. ( NASDAQ:RIOT )
Sector: Finance (Financial Conglomerates)
Current Price: $44.19
Breakout price trigger: $43.00 (hold above)
Buy Zone (Top/Bottom Range): $41.00-$35.50
Price Target: $66.00-$68.00 (1st), $79.00-$82.00 (2nd)
Estimated Duration to Target: 38-40d (1st), 74-78d (2nd)
Contract of Interest: $RIOT 12/17/21 50c, $RIOT 1/21/22 50c
Trade price as of publish date: $7.00/contract, $9.80/contract
RIOTFor whatever reason Riot is a lagger compared to MARA. On Friday closing near resistance this could move heavily to the upside and even break highs in mid December. Seems likely to be .. could be even a 100% gainer from here!
Hope you guys are having a good weekend and find these charts before the start of the new week!
Will post some more following this one, had to get this one out.
Buy ITM calls for two months out.
ROKU - STRONG CONFLUENCE SUPPORT & AVG $30+ BOUNCE OFF TREND All,
OVERALL (BULLISH 70/30)
I think we break out this wedge down here either now or one more attempt on bottom of wedge and hit 280-293. However, see details below. I am most likely going to hedge downside depending how Mon/Tues go. A breakout Mon-Tues I will just go into maintenance mode and watch it closely.
FUNDAMENTALS
Let's get to fundamnetals first. There are some "doubters" on ROKU. However, they may be right in the future as of NOW in the past quarter financialls and NOW as a company ROKU is very undervalued here reardless of future ROKU beliefs. If you want to be short next quarter for reasons "XYZ" totally get that. Arguing against ROKU after 600% EPS and customers Y/Y drastically increasing it's very obvious ROKU is worth 375+ at a "fair" valuation.
TECHNICAL ANALYSIS
There is a very stong support trend line here that is holding on average acting as support we have $30-$50 moves off of it regardles of what comes after.
MY POSITION(S)
$300 Calls Dec 3rd 2021 @ $3.65
(Will add pending non breakout by Tues) -- Either $265 or $255 PUTS for Dec 3rd 2021 (May want to add some regardless just as protection or even shorter timeframe)
**Remember on options you can close/sell at any time there is a good chance if I get that 293 clean and soon I might just sell there and take a pretty solid profit. Or sell half and see if we can break the downward trend to push 315-330 area.**
BULLISH
PT #1: 285
PT #2: 293
PT #3: 304
PT #4: 330/342 --- "wait and see if we can break downward trend will be 3rdish time so 50/50 it breaks barring any bad/good news. Also approaching Christmas/Black Friday time.
BEARISH
I think the bearish comes from the obvious part of it not being able to re obtain that 376ish level. We are currently above that other previous low of 372. A break under that signls a possible big downside of 240s. The other factor is the overall market/SPY/Holidays/Feds
PT# 1: 267
PT# 2: 255
PT #3: 244
PT #4: 220 (if we somehow got down 220-240 range I will immediately swap to 100% calls and a huge buy in as the stock would be at such a mind blowing discount.
$RIOT BTC Mining StockY-Axis is log scale
Assuming the BTC pumpdamentals continue, RIOT could have a huge breakout here from a macro descending wedge into a bull pennant
$riot looking better everyday riot has broken out of its downtrend from March and tested resistance at the .382 fib level or $43.25 I believe this will test it again in the near future and breakthrough near earnings or the day after on the 15th and rocket up to the .618 $57.09. I have gotten a position in at $27 and will buy a bigger position of calls expiring next week.
Long | RIOT | Intraday play 11/3/2021 NASDAQ:RIOT
Possible Scenario: LONG
Evidence: Price Action
Entry point: buy order : 31.30$ to 31.80$ in case of pull-back, (I don't expect it)
TP1: 32.80$
TP2: 34$
Call options, Strike 32$, 11/ 05 /2021 100 Contract cost is 14k and profit at TP1: 4k at TP2:13k, at 36$: 28k
Call options, Strike 34$, 11/ 05 /2021
*This is my idea and could be wrong 100%
$CSTR at key reversal breakout level $0.21With added strength in BTC _ ETH and RIOT COIN etc just taking off, watching CSTR for a BIG reversal play here!
