RIOT trade ideas
RIOT, crypto playRIOT's bounce off support lends toward interpreting the latest decline as an Elliot Wave 4. That's because one of the rules is that Wave 4 does not decline past Wave 1's peak.
If we zoomed in, Wave (v) of 3 in this chart also has 5 clean subwaves, with 4 testing the top of 1. Elliot Wave could be accurately mapping the emotions behind traders on this stock.
I will wait to see support gets tested again. Another day of Bitcoin consolidation could do it. With such a dangerous stock, I have to wait for better risk-reward. Feels good to be alive, doesn't it?
A gap fill tomorrow could also be bought with a tight stop.
Wedge formed, look for breakout / breakdownLooks like a wedge has formed on the chart. Look to see if it is able to break out of the wedge. If so I'd go long. If it breaks downward I'd stay away. I personally don't short so I can't advise to do that.
WATCHING MONDAYAll converging. Volume and activity dry up, if you see some nice volume in the premarket, could turn into a nice bounce in the open. These are all like, the "blue chips" of bitcoin stocks, the originals with the most volume.
RIOT - Buy for wave 5If we get a crypto recovery, this could present good long play in the stock/blockchain space.
RiotThis stock was pumped up due to "Blockchain" in it's name. It could retrace to the .786 if it cannot break above the .618. Expecting it to stay with the green on the Gann Fan (1/3) . It has weak institutional support and poor earnings and revenue. This is a highly speculative stock that's betting on the success of the Blockchain in it's name. If it is successful in it's investments in the Ethereum and Bitcoin blockchain technology and can monetize how it will benefit medical/healthcare/biotech then it could be a good risk. At this time I see no reason to speculate on this stock as the money would be better invested in GBTC.
Bears Salivating As Riot Blockchain Approaches Shorting LevelsThe bitcoin craze is showing signs of quieting down (I hope). This instrument (Riot stock) is showing significant selling pressure. If I was trading it, I would consider shorting it on a break below the Red indicator line.
The custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter.
-Alex
RIOT what will today bring?Strange formation of triangle at support/resistance line
All meeting for today's trading
RSI sideways at 50
Simon says: the price will go up
My target is $40 two weeks from now, mirroring the last 10 trading days
RIOT BUY Under 24.50Should rebound from profit taking, could open up into a good squeeze on the shorts.
RIOT: Wave a of 4 bounced off 20.02. Wave b of 4 retraced 50% ofwave a. Expect wave c of 4 to drop down to 20 to form wave 4 flat. Wave 5 at extension of 1.618 should take RIOT to $75
RIOT, blockchain tradeBouncing here on this trendline after correcting.
Bought a tiny position.
Ultra risky, I don't think the crypto correction is over by a long shot.
RIOT: A Stunning 50++% Rise today. Question: Is Wave 3 (Blue)Done? Option 1 says it is not done. FB between wave (iii) Red and (ii) Red gives a (v) Red of $57.90. Option 2 assumes wave 3 is done at today's top of $45.99. Opt 1 and 2 assumes a 0.618 FB Retracement for wave 4 (Blue). Option 3 for wave 4 (Blue)assumes filling of the lowest gap with a FB Retracement of 0.77
RIOT Blockchain Inc. bullishSee the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
$RIOT: Large Buying Consolidating and Pushing LowerLook for the early sell-off and wait for consolidation with volume to confirm a move.
A Few Factors to Consider
- overbought RSI
- low volume support end of day
- Price sitting right under HVN
- Well above VWAP and Weekly VWAP
If stock pushes past 22.05, prepare for massive sell-off wih a resurge. As always, use volume to confirm a push to the up or downside and act accordingly.
RIOT - Short term oportunity to buy on a breakoutChart looks pretty bad here. Loot it up elsewhere for a better idea on how it looks. The dynamic resistance is actually closer to the price. I do not recommend to hold that position for too long. NASDAQ : RIOT
Serious Money Gains There is a "Riot on this Blockparty"This company RIOT BLOCKCHAIN INC (NASDAQ:RIOT) is "Blockchain" for Cryptocurrency and it is on the move.
There is a "Riot on this Blockparty".
This stock is coming from $4 in September and hit $9 in October , within months as it started to get going.
It is steady on the move and has hit up to $16 on November 22 and after hours it is still going up to 17 .
These new cryptocurrencies are making way for new companies to make the move and get a grip using these new cryptocurrencies.
This stock could make it really big soon. At the rate of climb it is moving 10-20% daily. it just did a 40-50% increase within a week.
There is no stopping this company yet. I say it hits $20 very soon and it may have no borders and no bounderies. If Bitcoin is increasing these cryptocurrency blockchains will increase just as bitcoin goes up. It is possible to see these new companies reach $100 in no time because these cryptocurrencies are rising so fast.
I am going to bet on this stock and say it keeps jumping and hits $20 in no time. Take a risk with me, because these new cryptocurrencies are making new trends for new companies to make headway.
There is a "Riot on this Blockparty".
Remember me when you make some big gains because this one is going up!!!!!
