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RIOT PLATFORMS, INCRIOT PLATFORMS, INCRIOT PLATFORMS, INC

RIOT PLATFORMS, INC

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RIOT trade ideas

RIOT Platforms - Corsicana 2024! 🍿🤗🕺Been buying shares of RIOT, and will continue to add shares anytime this gets in the 9s. After a couple bad years of production, RIOT's new Corsicana facility is energizing and the new miners will boost hashrate and increase efficiency. Oh, and lets not forget the 8500 Bitcoin on the balance sheet and positive earnings. RIOT has been undervalued for too long! As for the technicals, everything looks golden imo. Macro trend from 2020 retested. 618 held, .50 held. Not seeing anyway bears get this back to the 7s. LFG!
NASDAQ:RIOTLong
by AvenueWork
29
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 - Time To Get Long Against KerrisdaleRIOT Ok so if Bitcoin is turning bullish or even having a big bounce; then I think RIOT may break out soon. I've been somewhat bearish on some of these miners for lack of performance, but RIOT was entirely unaffected by the Bitcoin dump and that is a sign of strength. I think this contraction pattern may be building cause and perhaps a wild next wave up is coming. Not without plenty of risk but this show of strength does considerably reduce risk. And this could be a great positional buy right here. RSI holding well just below the midpoint too - looking stable. Kerrisdale Capital are short RIOT (hedged against Bitcoin) but if Bitcoin pushes on up that may prove to be quite a costly mistake. Not advice
NASDAQ:RIOTLong
by dRends35
12
Riot Platforms, Inc. to $1000 / 100xOn the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms trend reversal. Higher highs higher lows. 3) Price action confirms support on past resistance. (Green bar). 4) The inverse head & shoulders, you see it? 5) No share splits. True. 6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share. Ww Type: trade Risk: <=6% Timeframe for long: Quarter 1 2024 Stop loss: Will say elsewhere
NASDAQ:RIOTLong
by without_worries
57
Riot: Tug of warThe bulls and bears are currently engaged in a tug-of-war on RIOT's chart. From a technical perspective, the magenta wave (ii) could already be over. However, we are not yet convinced of this and give the price room to move closer to the support at $7.80. Only when the low of the move is established just above this level should the price turn around and rise significantly with the magenta wave (iii). Following this move, a small interim correction is likely to set in again, but this should be followed by a further rise above the resistance at $20.64, which completes turquoise wave 1. If, on the other hand, the price were to slide imminently below the aforementioned support at $7.80 (36% likely), we will have to see it in the magenta-colored wave alt. (2). In this alternative scenario, it should fall back into the same-colored Target Zone between $6.99 and $5.24.
NASDAQ:RIOTLong
by MarketIntel
Riot weekly chartThis is a weekly view of the Riot chart I have been using. You can see the greater wedge is still in effect and I added a teal support line on the macro uptrend. The other shade of teal line up top is long term resistance on a multi-month scale. I still expect this wedge to resolve upward towards 12.4$. I do expect BTC to have a very green Monday tomorrow. Monday is historically the most likely day of the week to be green at almost 70%. I do not expect a major reversal to the downside since May is over and May is historically one of the worst months for markets and BTC. -12.4$ soon, I plan on continuing to sell cash secured puts on this ride -I am more fundamentally interested in Mara and CLSK
NASDAQ:RIOTLong
by Apollo_21mil
Price Explosion is imminentI think RIOT is one of the more undervalued mining stocks for many reasons. Their HODL balance is over 9000 now, their new Corsicana facility is coming online as we speak and has already been energized. New miners replacing the outdated less efficient ones. The largest overhang is the share dilution over the years to scale things up however, this company has very little to no debt and very strong cash & equivalents, are planning to scale to 100 EH/S, with their goal being north of 30 by the end of this year (around 3x more EH/S). With an increasing BTC HODL balance, and an expectation of 100,000$ BTC in the near future, one could estimate at least a 5-6x boost in the share price here. (3x growth multiplied by BTC price increase + HODL balance increasing in value). I think end of this month and into next will see consistent upwards price action. Targeting 100-125$ by 2025.
NASDAQ:RIOTLong
by TheTraderAndy
1
Mining Company; @RIOT $RIOTHere’s my observation: the mining company might not be able to generate substantial revenue going forward. This is because once the halving occurs, the rewards for each block are halved. Moreover, if they continue mining with their current equipment, it may no longer be profitable unless they increase the hash rate. However, this will incur additional costs for the company. Furthermore, electricity costs are not decreasing, which would add more expenses to the company’s operations. On the other hand, if the Federal Reserve (FED) remains hawkish, it could instill fear in the entire asset market. While this might not be the biggest factor, the Bitcoin (BTC) halving could trigger a significant rally if liquidity is withdrawn from bonds or becomes cheaper due to a decrease in discount rates.
NASDAQ:RIOTShort
by Growth_Investor2050
22
Riot contraction before explosionIf my thesis on BTC pump this week is correct, RIOT is heavily lagging the move. Riot is not my preferred miner, but a lot cheaper to swing trade or sell options on than Mara and CLSK. I choose riot this week specifically because of the net negative vs. BTC price action lately. I am entering call spreads 10$ strikes with early July and Sept, plus I sold some puts to hopefully buy them back for much cheaper if Riot prints. -Short-term target 12.4$, lots of resistance here but could pump right past it -Medium term is 15-18$ depending on BTC
NASDAQ:RIOTLong
by Apollo_21mil
6
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
Update for RIOTHello everyone I could not realize that why Moderator marked my last RIOT idea as an "understandable idea" and how much I tried to get the reason or feedback I did not get any answer but I respect to his decision (He know the charts better than me). I have waited for this symbol for a long time and I hope to get a good position (If confirmed), so you can follow me in this chart if you are interested in this instrument. For now, RIOT has had a moderate correction to 50 % of its wave 2 minor and I am waiting for tomorrow morning if it starts to rise for its RALLY or make my counting failed and make me forced to recount it. Thanks
NASDAQ:RIOTLong
by AMA_FX
1
$RIOT Inverse Head & ShouldersNASDAQ:RIOT Inverse Head & Shoulders, our algorithm currently show a a sell alert large red dot, we are bullish bitcoin and so not we wait for a large green dot to accumulate. Riot Platforms, Inc. (formerly Riot Blockchain, Inc.) is a publicly traded Bitcoin mining company based in the United States. It operates large-scale Bitcoin mining facilities and focuses on expanding its mining capacity and infrastructure. **Key Points About Riot Platforms:** * **Bitcoin Mining:** The company's primary business is mining Bitcoin, utilizing specialized computers to solve complex mathematical problems and validate transactions on the blockchain. * **Data Centers:** Riot Platforms operates and invests in data centers to house their mining equipment and provide the necessary computational power for mining operations. * **Energy:** The company is focused on using sustainable energy sources for its mining operations to reduce its environmental impact. * **Publicly Traded:** Riot Platforms is listed on the NASDAQ stock exchange under the ticker symbol "RIOT." **Riot Platforms' main goal is to:** * Increase its Bitcoin mining capacity. * Become a leading player in the Bitcoin mining industry. * Contribute to the growth and adoption of Bitcoin. If you're interested in learning more about Riot Platforms, you can visit their website or search for their financial filings on the SEC's EDGAR database.
NASDAQ:RIOTLong
by AlgoTradeAlert