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Riotblockchain

RIOT: moving stop loss upRIOT is at a spot where only a 3 waves sequence has completed. If abc move is the end of this sequence, then there is no reason for holding on at the moment. But in case a wave 5 is due, we might still be in for some good size gains. So, instead of completely getting out, I have taken profit at wave 3 and now have moved the stop loss up right below Thursday low. The whole thing can be part of a larger ABC pattern or if we have a full 5 waves up, then it might be start of a much larger wave 3 sequence. So, I will try to keep some skin in the game. Leave a bit that I can afford to lose completely and not lose any sleep over it...
NASDAQ:RIOT
by mukit1
4
RIOT Platforms Bullish Rally Hits All Targets! Trade CompleteTechnical Analysis: Riot Platforms – 15-Minute Timeframe (Long Trade) Riot Platforms executed a strong bullish move, hitting all profit targets after a long entry at 8.04. The trade has now concluded successfully, with all targets achieved. Key Levels Entry: 8.04 – The long trade was initiated after identifying bullish signals. Stop-Loss (SL): 7.83 – Positioned below key support to manage risk. Take Profit 1 (TP1): 8.30 – Hit early in the trade, confirming initial upward momentum. Take Profit 2 (TP2): 8.72 – Continued buying pressure drove the price to this level. Take Profit 3 (TP3): 9.14 – The strong uptrend pushed the price to this target. Take Profit 4 (TP4): 9.40 – The final target has been successfully reached, concluding the trade. Trend Analysis The price stayed well above the Risological Dotted trendline, confirming a sustained uptrend. Riot Platforms showed clear bullish momentum throughout the trade, hitting each profit target in sequence. The long trade on Riot Platforms was highly successful, achieving all targets, with the final target of 9.40 marking the end of the trade. This showcases the effectiveness of identifying strong upward trends.
NASDAQ:RIOTLong
by ProfitsNinja
1
RIOT: Is it time to buy now?RIOT has made into my very long-awaited target of $6.5 entry point and went beyond it by a little. This technically marks the end of intermediate degree wave 2. The move following the low has been steady but not extremely strong. For a wave 3, I would have liked to see a very strong and convincing V bottom recovery, but it has been a bit choppy. In the coming weeks if price picks up steam and starts to make some headways, then my confidence level will come back. Indicators are looking fairly good. Want to see MACD cross over the 0 line and start getting some wider read on the histogram. Want to see Stochastics to keep snaking around on the top third of the chart and not fall back in below 60 read. EW count might have completed a very preliminary 1/2, 1/2 and ready for a 3 of 3 at a minuette degree. We should start to see more prominent green bars to confirm this. I had a very old order filled at $6.5, so I am in it now. But, I would prefer to double or triple up after I see a full 5 waves sequence. Also want to see a break above the midrange of the channel and then a retrace to test it. At the moment my stops will rise below the last low as higher lows are formed. Right now, do not want to see a break below $6.94.
NASDAQ:RIOTLong
by mukit1
13
RIOT: Summer doldrum continuesThe correction on BTC, crypto and overall markets continue as summer heat is intensifying on the northern hemisphere. While BTC is staying within the top end of the range, miners are not getting the love. In fact, if BTC makes a higher high within the next 60 days and begins a bigger correction cycle (Minor wave 2), miners might get crushed. Right now, I have 2 counts going on RIOT. the sideways correction on a pretty fat channel has been going on for a long time now. Until $8.81 breaks, I am still keeping the red count to look for a higher high to emulate BTC. But, if BTC keeps going down for a larger wave 4 correction, then the green count will ensue for RIOT. Right now, I am looking for an entry point. It will need to be either on the break of the channel or on a dump that reaches the bottom of the channel. This correction can go on for a long time. It can extend the B wave for a false break of the channel or get resistance on the top of the channel before a bigger fall. It will be quite difficult to time the market, so will have to bite the bullet and go for it when the conditions feel right and have tight money management. It will not work out on one shot more likely and will need some finesse to get it right. Once it's on track, RIOT has the potential to change lives!!! Gamestop who???
NASDAQ:RIOT
by mukit1
6
RIOT next BTC to bull 🐂 road map I already provided RIOT analysis ⏰ successfully top 🔝 & correction completed 🚀 Unfortunately 😬 my 2 posts got disconnected against trading view rules 📌 Again making complete analysis for next bull run 🐂 Before entering pls #DYOR Below this post I will update you everything 🙂 So just follow and share post and save it by boosting 🚀 it 🙌 So if I updated anything in this macro correction or exit or crucial things u get updated 📌 Let's get started 📌 🧵👉
NASDAQ:RIOTLong
by raj5_7_5
53
Bitcoin Miner Riot Platforms Set to Acquire Bitfarms for $950M Bitcoin mining giant Riot Platforms ( NASDAQ:RIOT ) plans to acquire Bitfarms Ltd. for $950 million, signaling a significant consolidation trend in the sector after the Bitcoin halving event. Riot aims to take over Bitfarms after acquiring a 9.25% stake, offering $950 million in cash and stock, marking a pivotal moment in the industry's evolution. The proposed acquisition underscores the ongoing consolidation in the Bitcoin mining sector, spurred by the recent Bitcoin halving event. Riot's bid for Bitfarms, valued at $950 million, positions the combined entity as a dominant force in Bitcoin mining globally. This consolidation trend mirrors the larger shifts in the cryptocurrency market, as companies seek strategic alliances to navigate evolving market dynamics. Riot's offer to Bitfarms comes amid management upheaval within the latter, with Bitfarms recently terminating its interim CEO, Geoffrey Morphy, following legal disputes. Despite Bitfarms' rejection of the initial offer, Riot ( NASDAQ:RIOT ) remains steadfast, planning to push for discussions and propose new directors to enhance corporate governance. Bitcoin mining faces challenges post-halving, impacting profitability for miners. Riot, with its extensive mining facilities in Texas, aims to capitalize on market opportunities, while Bitfarms expands its global footprint, particularly in South America, leveraging cheaper electricity costs for mining operations. Both NASDAQ:RIOT and NASDAQ:BITF stocks surged post-announcement, reflecting investor interest in the Bitcoin mining sector, but sharply retraced to new support level currently trading down by 0.72%.
NASDAQ:RIOT
by DEXWireNews
RIOT: Staying on bearish side until bulls can prove me wrongStaying with bearish count until price can break above $18.36. Since BTC is pumping, would expect some more gains for RIOT next week, but don't expect much at the moment. The earnings were good and company is doing a lot of right things to become the leading name in mining. There is an inverse head and shoulders patter forming. I have taken a small position at around $8.5 where I got a buy signal and taken some profit. I want to see another lower low to fill my bag properly. If I don't get my wish and if $7.8 was the final low (technically it could be), then I will look to buy the dips only after price moves above $18.36.
NASDAQ:RIOTShort
by mukit1
2
Gemini AI Analysis of RIOT (Riot Platforms) Stock (Bottoming) Based on the provided chart and technical indicators, here's an analysis of Riot Platforms, Inc. (RIOT) and its potential forward outlook: Trend Considerations: Long-Term Downtrend: The price has been in a long-term downtrend since late 2021, evidenced by the consistent lower highs and lower lows. The descending trendline confirms this downward trajectory. Recent Consolidation : The price seems to be consolidating within a range recently, indicating a potential pause in the downtrend. Momentum Indicators: RSI (Relative Strength Index): The RSI is currently around 28, which is near the oversold region (below 30). This suggests that the downward momentum might be weakening and a potential rebound or consolidation could occur. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are negative, indicating bearish momentum. However, the histogram bars are decreasing in size, which could be a sign of weakening bearish momentum. Other Observations: JP Macro Trend Dynamics : This indicator shows a mix of green and red bars with no clear trend, suggesting uncertainty in the market sentiment towards RIOT. Heikin Ashi Candles: The Heikin Ashi candles are predominantly red, confirming the overall bearish trend. However, there are some recent instances of green candles, hinting at potential buying pressure. Support and Resistance : The $10 level appears to be acting as resistance, while the $8.50 area might be providing some support. Forward Outlook: The technical indicators suggest a mixed outlook for RIOT. While the long-term trend remains bearish, there are some signs of weakening downward momentum and potential consolidation . Possible Scenarios: Continuation of Downtrend: If the price breaks below the recent support around $8.50, it could signal a continuation of the downtrend, potentially reaching lower levels. Rebound or Consolidation: If the price manages to hold above the support and the RSI moves out of the oversold region, we could see a rebound or a period of consolidation within a range. Trend Reversal: A break above the resistance at $10 with increasing volume and confirmation from other indicators could signify a potential trend reversal and a shift towards a bullish outlook. Additional Factors to Consider: Overall Market Conditions: The performance of the broader cryptocurrency market and Bitcoin, in particular, will significantly influence RIOT's price movements. Company-Specific News and Events: News related to Riot Platforms, such as earnings reports, expansion plans, or regulatory developments, could impact investor sentiment and the stock price. It's important to note that technical analysis is not a foolproof method for predicting future price movements. It should be used in conjunction with other forms of analysis and a comprehensive understanding of the underlying asset and market conditions.
NASDAQ:RIOTLong
by evmeerkat
RIOT: Time to wake up and get readyRIOT April breakdown has confirmed the intermediate wave 2 still intact. Good news is, price is likely making a major bottom. The bottom rectangle on the chart represents several technical support zones and if price comes down to this area, it will be a buy for me. We should at least expect a bounce from there. But if price doesn't hold in this area, then we have something else going on and the correction may turn out into a complete annihilation of this stock. Risk management is of the upmost importance once the toe is dipped.
NASDAQ:RIOTLong
by mukit1
Riot next BTC halving to bull run road map I already provided RIOT analysis ⏰ successfully top 🔝 & correction completed 🚀 Unfortunately 😬 my 2 posts got disconnected against trading view rules 📌 Again making complete analysis for next bull run 🐂 Before entering pls #DYOR Below this post I will update you everything 🙂 So just follow and share post and save it by boosting 🚀 it 🙌 So if I updated anything in this macro correction or exit or crucial things u get updated 📌 Let's get started 📌 🧵👉 1 📌 Next halving 25TH APR 2024 expecting price $28-35 RIOT 2 📍 2025 jan-march range expecting bull run top 🔝 target 🎯💯 Then money 💰 flow back to BTCUSD to final top 🔝 . 3 📌 Present support zones 📌 ( BUY / ACCUMULATION ) $12-11.5 ( 20-30% 💰 ) $7.25-8.6 ( 40-50% 💰 ) Worst case 📌 $5-6 #imo not possible 😜 Stop 🚏 lose #SL :: month close below $5 . 4 📍 Resistance 🤥 ( selling / exit ) Before going sell learn 😃 about PRINCIPAL TRADE concept 👍 It's nothing but removing your liquid or seeing your liquid 💰 at that target or zone 📌 Only holding #profit either to rotate nor to be safe in this risk assets 🙌 Principal trade target 🎯 $25-35 ( expecting halving time ) Profit sell :: $52-84 ( even more possible but that time I will update you here ) Always be in a plan 😉 keep mind 🧠 with minimum target 🙂 Then ur emotions won't get hurt 🤕 ❤️‍🔥
NASDAQ:RIOTLong
by raj5_7_5
Riot Blockchain Achieves Record Revenue of $281 Million in 2023Riot Blockchain ( NASDAQ:RIOT ), a leading Bitcoin mining and data center hosting firm, has reported record-breaking total revenue of $280.7 million for the year 2023. This impressive milestone underscores Riot's resilience and strategic growth initiatives amidst a dynamic cryptocurrency landscape. With a surge in Bitcoin production and a commitment to expanding hash rate capacity, Riot continues to solidify its position as a key player in the Bitcoin mining industry. Record Revenue and Bitcoin Production: Riot's total revenue surged by 8% from $259.2 million in 2022 to $280.7 million in 2023, driven primarily by Bitcoin mining revenue, which accounted for $189 million. Despite challenges such as increased expenses and higher power costs, Riot managed to increase its Bitcoin production by 19%, producing a remarkable 6,626 BTC in 2023. This achievement is particularly notable considering Riot's strategic efforts to curtail power usage during peak energy demand periods. Strategic Expansion Plans and Hash Rate Growth: In line with its growth trajectory, Riot ( NASDAQ:RIOT ) increased its hash rate capacity by an impressive 28% in 2023, reaching a record 12.4 EH/s by December 31st. Looking ahead, the company aims to bring additional capacity online at its new Corsicana facility in Texas throughout 2024. CEO Jason Les emphasizes Riot's ambitious targets to further expand its hash rate capacity, with aims to reach 28 EH/s by the end of 2024 and ultimately surpass 100 EH/s in the future. Financial Strength and Balance Sheet Enhancement: Despite incurring a net loss of $49.5 million in 2023, primarily due to higher expenses, Riot maintains a robust balance sheet with approximately $597 million in cash and 7,362 Bitcoin, valued at approximately $311 million based on year-end Bitcoin prices. The company's prudent financial management and strategic investments position it for sustained growth and resilience in the cryptocurrency market.
NASDAQ:RIOTLong
by DEXWireNews
#RIOT Blockchain 3 levels of resistance to overcomeWhich I think it will slice through! #Bitcoin miners tend to follow big technical patterns really well. From the top you can see the massive bear flag that lasted pretty much all of 2021 all whist in the bitcoin bull market and non conforming disappointing price action the secondary bear flag in 2022 that led to a precipitous drop and now there is a potential, if we get strong rally to the $20 area ... we could form a very large inverse head and shoulders! Looks promising.
NASDAQ:RIOTLong
by BallaJi
3
RIOT: Choppy action upwards. Brace for impact!The bounce upward this week is looking choppy and corrective, keeping the bearish count alive. If this path continues next week, we should see heavy resistance between $12 and $13. The leg down afterwards should be the last leg on this downside, and we should see the entire crypto market come alive with intense impulsive drive when that is done. Right now, if we see a break above $ 13.75 and a sustained price action above $10, then things might start to look more bullish. Until that happens, shorting the resistance area would be the next play.
NASDAQ:RIOT
by mukit1
RIOT: Bounce incomingRIOT is going through a major rout right now. It has fallen much harder compared to BTC. At this point we should see at least a relief rally for both. Current price action looks like a larger wave C is playing out. However, we cannot completely discount the bullish case. The way to identify would be the pace and strength of the next move. If we see a choppy wave 4 type of price action, then the expected wave 5 to around $7.5 area should play out in the next few weeks. If we see a very sharp reversal the takes price above $13.75, then something else is going on and will need to switch to the bullish count. In either case, a buy signal should present itself in the coming weeks.
NASDAQ:RIOT
by mukit1
Bitcoin Miners Update - CIPH, CLSK, MARA & RIOT Cleanspark Inc - NASDAQ:CLSK $1.5 Billion Market Cap ✅Trade remains open in 39% unrealized profit (average DCA of $5.85) ✅ The Volume on this chart is exceptional and really adds to my conviction. I may double down with another buy if we get down to the 200 day MA. 🚨 I have raised the stop from $4.50 turning it into a 23:1 risk reward. Raising as 23% below current 200 day MA is enough IMO. A lot people see the recent pull back as a reason to deleverage, this is where I trade differently, its a long term position. The short term volatility will either allow me to get another decent discount buy in or sink deep enough to cancel out the trade. This is how we can gain a full long term bullish trending move with exponential upside. The risk is 23% or not taking the risk and not remaining patient having taken it. Cipher Mining - NASDAQ:CIFR $0.83 billion market cap ✅Trade remains open in 9% unrealised profit ✅ Look at that volume increase. It’s a beautiful thing. It reassures us that there is significant green buying rushing into this stock & hints that we on the right side of the trade 🚨 I have raised the stop from $1.77 to $2.16 turning it into a 7:1 risk reward. - Raising the stop as there is plenty of support above it that should hold from recent lows, H&S baseline and diagonal support line. If all these are lost, cutting losses would be ideal. Like most of my trades, they require a little more patience and a distain for intermittent short term volatility. Marathon Digital - NASDAQ:MARA $4.22 Billion Market Cap ❌Our stop was triggered on the last trade at @ $7.66 with a notable 30% loss. Subsequently this was exactly were price bounced. The original position size was very small so its not end of the world stuff. In the end the stop was too high, we should have place it just a tad lower but…this happens and that’s trading. All the other trades are in profit and fully cater for this loss. Without these rules id be broke. I consider it a necessary loss. I didn’t want more than the 30% limit lost so, that was my risk tolerance for the position size. Onto the front foot what do we do next? ✅ I set a bid at $14.31 where i think we may get a bounce from the 200 day SMA ✅ You could enter right here for the potential head and shoulders baseline bounce. I could consider that but if but it would be watched like a day trade. I'll just see how tomorrow goes first. The bid is at $14.31 for now. 🚨 I am allowing for a 30% loss again with a stop @ $4.41 however I am starting with what was left after the last loss, 70% of my original position and I'll be watching this a lot closer. I actually love these trades because they teach you something, you realize the small position size and the 30% loss was within your tolerance, enough so that you can come back at the trade again and with exponential potential returns the prospect draws you in once again. The risk reward is there. Alternatively, you could just DCA into these and for years through thick and thin, BUT again, position size should be tolerable for you to patiently sit on your hands and let the trend take shape. Riot Platforms NASDAQ:RIOT $2.42 Billion Market Cap ▫️ No position open in RIOT yet as it appears to be the weaker of the charts we have looked at. ▫️ In our last post we noted volume is declining which is negative and the RSI was not yet oversold. We noted both of these could mean more sideways or price declining action. Since then we have actually increased and hold a 30% higher position from $9.13 - $11.73 however price is dropping fast and has not managed to break out of the pennant. I believe this demonstrates relative weakness to the other charts noted. ▫️ We are still forming midterm pennant (dashed lines). A break out of this pennant would be an a good signal on direction. ▫️ Strong Historic Price Support between $8.50 and the POC at $7.40 (green bar). If you were going to risk a trade here, Id be playing off the lower end with a tight stop. ▫️ We are falling below the 200 day SMA (Not Ideal with pennant over head resistance). Now don't get me wrong, RIOT will likely rise like the other miners, however at present NASDAQ:CLSK is showing significant relative strength having broken out of its pennant , well above its 200 day MA and sitting in 40% profit. On the contrary, we have strong support for NASDAQ:RIOT at c. $9.00 which could present an opportunity. We noted $8.50 as a good level last post, in the end price bounced from $8.61. We cant be too greedy. Summary The clear winner is Cleanspark NASDAQ:CLSK with a moderate market cap of $1.5 billion and a chart demonstrating relative strength with us sitting in approx. 40% profit. The MARA chart is demonstrating strength and may provide a great opportunity as instructed above however the market cap of $4.22 Billion clearly out sizes CLSK and may mean a slower rise or growth potential. MARA actually mined a record 1,852 BTC in Dec 2023 and have increased BTC Reserves have increased from 12,964 to 15,174 as of Dec 2023. Theses are incredible numbers. Tomorrow I will look at a comparison of how each of these miners are performing in terms of rigs active, reserves held and BTC being mined. PUKA
NASDAQ:CLSKLong
by PukaCharts