RIOT updateold my remaining shares today at $11.50, has a limit sell at the price and it got triggered.
For the coming month I'll mainly be playing options while the market rallies then I'll go back into swing trading a little more!
My options list:
$AMD above 98 (already in)
$CRM above 227
$ZM above 404
$BA below 219
$PLTR above 29 (already in)
RIOTD trade ideas
RIOT updateThe last 5 trading sessions that saw the price take a breather, or correction, have been on lower volume. Combined with bitcoin's choppiness, I believe this was nothing more than a shake down and people taking profit (as I have, I sold half my position).
I don't have a price target anymore because bitcoin could rally and cause this thing to fly beyond what I'm thinking
Nice Pattern into New Year!Ive resinded all of my shares and have taken a bit of a vacation with Cyberpunk coming out and will reenter on the next downward slope. I am hoping that we follow this trend to allow for an entry. However Bitcoin does not seem to be bouncing down right now and it is throwing this stock into a very good territory. Will revisit this stock in the coming weeks.
No price targets for me just yet. Stay tuned for another entry.
RIOT updateLittle update here:
(1) lower volume
(2) playing off both the 50ema and 1.618 Fibonacci line
(3) BTC consolidating (forming a base)
(4) market timing, every morning we're seeing distribution followed by accumulation, this has me believing we're in tax season (sell-off)
I'm a buyer at $8-8.20 or $7-7.50, depending on how the volume the picks up and dries up over the following few days, sitting on 30% cash and still need to sell my 1 loser. Fresh powder will get diploid when the price is right, patience!
RIOT 11/23/2020RIOT seeing a huge rally due to BITCOIN rallying to all time high's as we approach December another a bull phase of BITCOIN we can expect RIOT to rally as well, Last Friday we had a great entry on RIOT @$5.80
RIOT opened today with a strong move up to $6.20 pushing all the way to $7 before seeing momentum and volume slow down.
Scenario A: RIOT see's another move up to $10, with our target $20 as that is All Time High in 2017 during the bitcoin bull phase.
Scenario B: RIOT has a pull back @$6 to fill the gap from the strong move we saw this morning
RIOT $15 target if BITCOIN stay's bullish
Acquire positions when RIOT dip's
$10.30 Sell Was NothingWe saw a pretty heavy sell off around $10.30-$10.35.
Dont stress this too much. Heavy red candles are the minefield we are dodging. The sell volume will be very erratic and irrational with us being above common supports here.
I would look to our previous high, which was a very long time ago however we must look to history to see where this rocket will land.
Will keep everyone updated with how opening goes on Monday. Looking for a slight pull back but hopefully nothing major.
Riot 8 but when? For Riot and Mara, they might have a small retracement as a result of Bitcoin thanksgiving selloff, which might forming a W double-down consolidation this week.
Hopefully for Riot, it would stop at 6.20 or 5.30 if so, otherwise it could be + - 4.70.
Frankly speaking the bull is running out of steams, maybe I am wrong, this week we might see 8 but I doubt further than that. I might sell my small shares at this level and "patiently" waiting for the next opportunity.