RIOT SnapbackRIOT is overextended on bollinger bands, totally over the upper band. Overbought on stochastics, greater than 90. It is on a parobolic 5th day move, which i believe is running out of gas and a pullback will happen shortly down to the 46 level.Shortby BBTrader2940406
Riot ( A bigger picture)White lines are daily channel Yellow line is split channel Green line was channel top which it hit today Red lines are targets in case of a pull 1st Target redline is the gap at 52.73, gaps act as support 2nd target is 43 ish which would be around split channel support. I don't expect a trip back to channel bottom unless bitcoin falls back under 40k. RSI overbought MFI overbought Technically it should pullback but if bitcoin keeps going this could just ride the top of the channel and not pull back by ContraryTrader0
How much further up? I pulled in some size, I have no idea where the top is on this. I reduced some size locking in some gains and buying much further out options for the long term. I'm actually considering to sell naked puts at the $35-40 level hoping to get assigned. Would'nt mind at all buying some discount shares at that level. Long term there is some growth here, could a pull back come? One thing that could prevent it is constant news of companies jumping onboard with Bitcoin. If we get major players announcing on a daily basis there is no stopping any of this from going up. Take some profits off the table here and save some bullets for later. If it pulls back for even 1 or 2 days the break would make the move stronger and build some support underneath the current level. I like this stockLongby RikityUpdated 226
RIOT - CryptoFueled by Crypto Growth - RIOT is doing well and will continue to outperform.Longby Oasishunter0
Trading idea for next week: Look for mondays biggest gainersThen these gainers should make new highs and then provide a low risk entry on a prior day low / POC with taget 100% or fridays closeLongby responsibletrad8r3
All Time High$riot pushed an all-time-high today. Will the run continue into Friday's session? I'm looking for a push pre-market to see what the price action brings.by blondboxUpdated 220
Short MARA. Way overcookedWhen you compare MARA and FTFT to bitcoin, FTFT has stayed in-line with bitcoin while MARA has had a meteoric rise. I believe it has gotten out way past its skis. For MARA, a company tied heavily to Bitcoin has outperformed it by an astronomical amount. This is not sustainable. Expect a pullback to at least the $28 range, which was previous resistance. The 50-day moving average is uncomfortably ahead of the 200-day moving average indicating the trade could be overheating. Shortby EBITDAtiger222
BTC to the Moon! To the MOON! But where is the moon right now is the question? Looks like eye level for another half day. Could definitely take a healthy dip and then shoot. I'm here for it! Tell me what you think!03:52by PiersonFinancial1
RIOT and previous highToday RIOT smacked the previous high and stop like it hit a wall. Lets see this baby break out and it will be off to the races. Look at the beautiful long term basing pattern. The stock has been strong and this could explodeLongby RikityUpdated 220
First Green Day$riot had a nice set-up pre-market with another strong rising wedge pattern that has been a notable chart pattern for the largest movers this week. Key elements: 52-week breakout gapping to new all-time highs, pre-market breakout gap-up at open, first green-day, and my favorite pattern that I call Post-Pennant Expansion. The chart seems to 'expand' after breaking through a wedge/pennant apex. The price action is bound within the diverging support and resistance lines of the wedge/pennant post apex. Acceleration can be high during these moments and is perfect for weekly gamma plays. 45c 2/12 entered at 169 exited too early at 183 for 8% gain. Trading wasn't as organized as I hoped for, but the contract had a morning high of 280 so I left 57% on the table. 8% is still a win.by blondbox0
Crypto SympathyAnother strong wedge pattern that seems to be working the past few weeks. $riot is moving in sympathy to crypto news catalysts and is looking to break out to a new 52-week high for Wednesday, February 10, 2021. Resistance at 42/43. by blondbox0
Price action game The most real choice than bitcoin itself. the blockchain with the two engines the price action and the volume will fly very highLongby reelswap111
RIOT $50did a retake of this one after I watched previous video and previous resistance coming ~$50. Its already doubled off its low and outpacing bitcoin right now. going to be more cautious around the $50 area. want it to hold $35 not financial adviceLong00:56by cryptowaveman223
RIOT option call March/26th 28$ strike why riot?? well that tesla dude tweeted and bought a bunch on BC sooooo i decided to buy in butttt not BC i like the company that mines that shitttt its almost a no brainer, i see some solid momentum and im always down to ride a wave baby. its also a cheep stock for young traders to push up. the ticker symbol alone is funny LOL Longby TradingPapi_Updated 2
RIOT stays below $20 for Feb monthliesThe RIOT Feb 19 $20 Calls have the highest open interest, and are 65% on the call side. And the shorts don't lose them all. Now I acknowledge that BTC could go bananas and maybe RIOT simply follows, but volume has come down. I expect a consolidation period and that we don't see big movement until after the $20 calls expire. Overall, bullish for the next 90 days - PT 22/25/30. But think it takes the next 20 days to reset.by El_CHI_312Updated 112
RIOT update from FEB 5My apologies, new here and thus have been flagged for not following house rules and suggesting everyone check out these amazing indicators, don't do that, and I will no longer be asking for you to do so... Lesson learned, moving on...From now on just enjoy these charts, hit that like button and follow if you want more ideas. I will be posting more trading ideas/instructions with my main focus being area of value trades and breakouts like this one!!! From my post Friday (this same chart here) we now have a 50% gain (a 7X move on the option...) be ready for a pullback but I am long RIOT in the age of crypto... I entered the FEB 19 calls before close friday. Cheers to all who got in! Longby Verum0559
Riot Blockchain month to date"Riot Blockchain Inc. focuses on bitcoin mining, supporting the bitcoin blockchain by participating in Bitcoin’s consensus system through proof-of-work mining, racing to find the next block and building upon the chain. We aim to be one of the largest and lowest-cost producers of bitcoin in North America." (source: RIOT website) "Riot Blockchain, Inc. operates as a digital currency company. The Company focuses on buying cryptocurrency and blockchain businesses, as well as supports blockchain technology companies. Riot Blockchain also maintains its existing biotechnology business segments." (source: Bloomberg) Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com Longby Options360448
RIOT: Bullish FlagBullish Flag Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, but descending ATR Ascending R/R ratio above 8 200MA ascending 250RSI above 50 PT = 49.32$ Longby LeLaf6611