RIOT trade ideas
RIOT looks to be falling again one last time RIOT looks to be falling again one last time before moving back up again.
No real evidence just a gut feeling - is a long walk to the next earnings report but by then it will be too late. Buy the dips as we climb higher - people will put two and two together eventually, crypto mining companies make money when BTC jumps up.
I will put in some buys from $3-$4 in 10 cent increments.
These are my trading notes I have no formal education - I am an artist who likes to draw lines.
RIOT Where will this go next?RIOT follows the crypto cycle fairly closely.
The volume says where it wants to go.
2-3 months til $11 easy. Just a guess
RIOT forming a nice bull patternA friend of mine asked me to take a look at Riot Blockchain Inc. (from their official website: Riot Blockchain Inc. is focused on building, supporting and operating Blockchain technologies).
Anyway, chart is looking good:) Will watch it closely.
Trade with care! - chartingfeed
Riot Blockchain, Inc. On watchlist for channel break Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
RIOT About to break out RIOT About to break out.
MARA and RIOT should follow each other as BTC goes back to 20K
Monday Morning RIOT Break outBitcoin broke 12k this weekend
RIOT should break out higher Monday Morning
Ride the train up til 10am
$RIOT watch for break of $3.95 resistanceIf we can successfully break and find some solid support at the current resistance level mixed with the fact that BTC is currently at the beginning of a bull market we should expect to see more upside.
RIOT will drop before ripping higherRIOT will drop before ripping higher.
if you like crypto mining stock check out MARA they are in it to and has had the same price action.
I want to pick up more at 3.50 before going to $10
Ready up for earings!Wasnt sure about this chart last week but looks more promising now pre earnings. Wouldnt be surprised going $4 by 8/13 ...we see. $3 strike be good position!
Please Like if Agree or leave opinion in comments. Thanks!
RIOT Bullish FlagRIOt just broke out of the flag pattern. Expect a retest of structure before going higher.
Bitcoin Mining Company // Bitcoin Pairs TradeInteresting BB activity. A Bitcoin Mining Stock & BTC must be correlated when both trade in and out of USD.
$RIOTThis finance conglomerate has the essence of the future, a famous painter once said,"the one who owns the future, is the one who builds it today." Aside from this business venture of having crypto flow into this space of the stock market is one of few. With financials & technical analysis you can see the resistance that was being held until the breakout of a consolidation, where we have support as well as a strong Fibonacci level playing accordingly.
Buy before Aug 7 earningsBuy before Aug 7 earnings the last two earnings were good but mainly it is the interest in BTC that is driving the price - who knows the ASIC chip and mining companies will explode in 2021. So you have all year to buy the dips. I hope you got in on this spring swing up from March Lows
RIOT Falling Wedge - Possible BreakoutWEEKLY PRICE CHART - PRICE ACTION BEFORE AND AFTER BITCOIN HALVING 2016/2020
As we can see from the chart there is a falling wedge forming from around mid 2018. In the near future in going to breakout and have the most possibilities to breakout on the upside following the post-halving bitcoin price action in the mid and long term that is definitely bullish.
CHART
- The blue marks, signs the main resistance/support levels in the pre-halving price action.
- The orange vertical lines are the dates of the bitcoin halving at 2016 and 2020.
SCENARIOS
1. The falling wedge is most possible generally to breakout to the upside. In the short term is gonna break, it is near the end.
2. The bitcoin halving is one day and of course in the short term there is a lot of sellouts and dumps that is logical but in the short and long term is always bullish.
3.This company is so close related to the bitcoin price and it out of the few company listed on NASDAQ that working with blockchain space.
So i think i the mid and long term is gonna be bullish.
This is just my opinion, its not an financial or trading advice. Each person must do its own research before investing in the market.
riot rising channelu can also draw it like this in more of a channel. hopefully wel see another swing high and maybe even break it to the upside
