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RIOT PLATFORMS, INCRIOT PLATFORMS, INCRIOT PLATFORMS, INC

RIOT PLATFORMS, INC

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RIOT trade ideas

028. PIGGISH PLAY - Short Riot Blockchain, Inc. (RIOT)Simply put, RIOT's share price is mostly a function of the price changes in Bitcoin and the price changes in the Nasdaq. Thus, if it appears that both of these asset classes are breaking down technically, it follows that RIOT will do the same, but in a synergistically bearish way. The correlations displayed at the bottom of the chart speak to this conjecture. Technically speaking, both RIOT and BTC appear to be completing terminal impulses in the Wave 5 position (on the primary/cycle scale), as we speak. The implications of such a completion are near-immediate retests into the Wave 2 area of the same degree. Hence, the rules of wave principle are guiding this trade with additional certainty. Plus, it is a fantasy to think that this company could stay aloft for much longer regardless of the underlying structural conditions of either BTC or NDX. Now then, onto the Pig Specs for option selection. Pig Specs: Buy PUTS: (Expiration: 4/1/2021; Strike: 60) Entry: Wait for an hourly close below 60.00/share and then launch the contracts specified above. The relative discount of going out of the money is not worth the additional risk of getting there in this case, IMO. Exit: I would make this a quick trade and profit all once the share price hits 45.18. I foresee actual riots forming in the streets once the stock market starts the heavy selling process. If I could, I would short those too. The moral of the story is to always short riots. -PissedOffPig NASDAQ:RIOT COINBASE:BTCUSD CRYPTOCAP:TOTAL CURRENCYCOM:US100 TVC:NDX TVC:IXIC
NASDAQ:RIOTShort
by UnknownUnicorn5511258
6
Bitcoin, MARA, RIOT Set To Breakout To All Time High?Since a month ago, OTC:GBTC had a reaction dropping 26% from its peak with increasing supply. However, there are a number of bullish characteristics formed after the sell-off. These are the tell-tale signs for trend trading to ride on the strong trend of BINANCE:BTCUSDT . Find out why BITFINEX:BTCUSD is set to breakout and how to benefit before it makes the explosive gains by trading Bitcoin or stocks like NASDAQ:MARA and NASDAQ:RIOT . Key support and resistance levels are elaborated in the video for low risk entry via trading the breakout or trading the pullback.
NASDAQ:RIOTLong
by mingjong
1