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RIOT PLATFORMS INCRIOT PLATFORMS INCRIOT PLATFORMS INC

RIOT PLATFORMS INC

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RIOT trade ideas

RIOT: Double bottom to the moon or false break nosedive?The move up today looks very encouraging, but we only have a 3 waves move so far. Price broke above $7.39, which is a good sign, a higher high. Now price needs to stay above $6.67 and complete a full 5 waves sequence. Even then, the danger might not be over until price breaks above $8.24 and better yet, above $8.86. I will be ready to get my bag filled on wave 2 retrace and will have stop loss at the last low. If we don't see price making another high before the retrace, chances are RIOT will go lower one last time. At the moment, crypto market overall seems to be on a rebound. Has the mighty bull market started? We will find out soon enough! I am following M2 money supply chart closely. There are some very intriguing analyses out there on correlation between M2 global money supply and total crypto market cap. Fundamentally, it makes a lot of sense. And if BTC rebounds, RIOT and other miners will rebound stonger. Recently, the Gold bull run has made GDX spike higher (almost 33% for gold this year compared to almost 60% for GDX). If GDX breaks to all time high, that will be an extreme move by the miners. If RIOT and other big BTC miners see similar move against BTC, it will be multiple times gains. Not trying to bet on something theoretical, but if it plays out, it will make a lot of very rich holders...
NASDAQ:RIOTLong
by mukit1
3
RIOT: A less severe crash countThis is my less severe crash idea. We should get one more lower low in this count to close out Wave 2 of the intermediate degree. The low of $6.22 is not very clean and the recovery since then is also quite choppy, suggesting a final flush out. My previous count expects a worse case. This one is a bit more hopium induced. If I am totally wrong and the long-term wave 3 already started, then we need to see a very strong move out of the steeper channel and a quick ride to the upper limit of the bigger channel, and a break above that. Until then, looking to buy at the next low with stop loss again and continue that process until we eventually get a low. Stop loss is very important to preserve capital, in case things are really going to zero (as many are suggesting; not me). If that means missing out on an initial wave 1, it's not a very big deal in the grand scheme of things...
NASDAQ:RIOTShort
by mukit1
$RIOT / 3hIt takes time for the waves to settle and the tide to change!! Today, the price volatilities revealed the ultimate final subdivision of wave v in an integral sequence in five waves. Hence, today's 6.39 low might be considered a significant extreme point close to the Fib 1.272 expansion level on the channel. Eventually, all waves settle! NASDAQ:RIOT should have concluded the entire correction in wave 2 by an ending expanding diagonal in its wave (c), which would indicate well to changing the trend in Minor degree to the upward. #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
1
RIOT: Now it has turned into a triple combo correctionSunday night drop broke below $6.36, invalidating the minor wave 2 count and confirming that Intermediate wave 2 is still in progress. This price action can be a triple combination WXYXZ pattern. Now, good news is, this should be the last C wave leg. Bad news is it can still drop quite a bit more before the intermediate wave 2 is invalidated ($3.26). Even though I will most like get shaken out of my position, I will be looking to re-enter at the fib areas (1.618 extension and 2x extension), if price goes down there. Otherwise, I will wait for a bottom to confirm and buy in after a full five waves up and three waves down pattern. For now, need to stay away from the volatility.
NASDAQ:RIOTShort
by mukit1
3
RIOT: a hair away from invalidationFriday drop came about a hair length from invalidating my current count. But a strong reversal is keeping it intact still. We do not have a full 5 waves moves up to confirm a wave 1 yet. So, it is possible that Monday might sell off again and invalidate this count. If we lose the minor degree wave 2, then it will mean the Intermediate wave 2 is still on going. It will also mean there will be 2 more waves to complete a five waves move for wave C to the downside. Right now, market will need to prove the bottom, even though I nibbled in again at the low. I have a stop loss right at the $6.4 bottom if market decides to go down for some more. To have any confidence for a real reversal, we need to see price break above $8.24. Markets are very emotional and highly volatile. But Bitcoin is showing something out of character that is more aligned with its ethos rather than acting as a rick on asset. It could be history in the making, but now is too early to tell. If Bitcoin does become the safe haven asset to hide from recession as it was indented to do, then RIOT and other miners will surely benefit from it.
NASDAQ:RIOT
by mukit1
5
$RIOT / 3h#RiotPlatforms may have concluded the entire correction in Minor degree wave 2 by an ending expanding diagonal in its wave (c) of ((y)). This week NASDAQ:RIOT revealed a three-wave sequence as the final decline in wave v of (c), which should be over. So, today's 6.40 low might be respected as a significant extreme point (very close to the Fib 1.272 expansion level on the channel). The redline >> 6.36 has remained intact as well. #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
1
RIOT - Fundamentals/Financials don’t matter. Staying Long CryptoI haven’t bought bitcoin mining stocks this market cycle, and don’t plan on buying them, but I thought this was an interesting exercise. MARA is the undisputed king of bitcoin mining and it’s not even close. From a fundamental and financial standpoint, MARA should be the best bitcoin mining stock to buy. But Technicals say RIOT may outperform MARA for the foreseeable future 1) Hash Rate (Mining Power):  💡Winner: MARA (53.7 EH/s) * Why It Matters: More mining power means more BTC rewards and greater dominance in the industry. * RIOT (39.1 EH/s) is the second biggest, but still behind MARA’s growth rate. 2) Bitcoin Holdings – Who Holds the Most BTC? 💡 Winner: MARA (46,374 BTC) * Marathon holds almost 5x more Bitcoin than RIOT (8,872 BTC). * Most miners sell BTC to fund operations, but MARA HODLs aggressively, a sign of strength  3) Mining Efficiency – Who Mines Bitcoin at the Lowest Cost? 💡 Winner: CleanSpark (CLSK) and MARA * MARA’s cost per BTC is $28,801, lower than RIOT ($32,000) and similar to CleanSpark. * How? MARA owns more of its energy sources, including a wind farm in Texas, cutting costs. 4) Revenue & Profitability – Who Makes the Most Money? 💡 Winner: MARA * $656M revenue & $541M net income in 2024 * RIOT made $572M, but with much lower profit. RIOT stock chart is currently trading in a descending channel which is inherently bullish, and is trading at a golden window support area ($4.81 - $6.54). RIOT is also printing a daily bullish dragonfly doji on the day the Dow Jones dropped 2,000 points. Unpopular opinion right now, I still believe we will see higher cryptocurrency prices for 2025-2026. I am expecting RIOT to tag the 0.618 fibbonaci retracement at $23.44 in the future. Even though I anticipate RIOT doing a 3x, I still won’t buy it. Still sticking with LINK/XRP/BTC. Not financial advice, but on a day like this, hold spot/shares only. Using leverage = Making exchanges richer. Aka sucking Middle Man D.
NASDAQ:RIOTLong
by StockScaper
6
$RIOT / 3hEventually All Waves Settle!! #RiotPlatforms has worked well, rising by 17% in three consecutive days this week. According to the prior analysis in the same frame, NASDAQ:RIOT could have concluded the entire correction in its Minor degree wave 2 by an ending expanding diagonal in wave (c) of ((y)) on the Fib 1.618 expansion level (very close to the anticipated target at 6.87). And technically, continuing to advance towards the origin point of the diagonal wave((c)) at 11.92, that would trace out a five-wave sequence in an impulse as well will highly confirm turning the trend to the upward. Technical Initial Target >> 11.92 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 3hEventually All Waves Settle!! The market selloff in five straight trading days has extended the current decline in wave(c) and exceeded the last extreme low at 7.24 as well. It would suggest the ending contracting diagonal in wave (c) to morph into an expanding diagonal, as adjusted on this frame. So, NASDAQ:RIOT may have concluded the entire correction in Minor degree wave 2 by an ending expanding diagonal in its wave (c) of ((y)) on the Fib 1.618 expansion level(very close to 6.87). The Redline >> 6.36 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mYes! NASDAQ:RIOT was quite stating well for this trend reversal today , as anticipated! Riot Platforms concluded the entire correction in Minor degree wave 2 at 7.24 by an ending diagonal as wave (c) of ((y)). Then it was marching in place in 2 straight weeks, and formed a double bottom very close to the expected target at 7.22. And today, rising by 9.69 % as well! The all are now quite indicating well that the trend should have changed to the Upward . And so the mid-Murch low at 7.24 would be respected as a significant extreme & reversal point. So, technically continuing to rise to origin of the ending diagonal wave (c) at 11.92 in an impulse (in a five-wave sequence) will highly confirm the NASDAQ:RIOT 's trend change in various degrees!! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
2
$RIOT / 45mThere is no change in overall outlook, so far. Riot Platforms ended the week on volatility in 10% range and maintains the price volatility above the double-bottom level as well. And It's quite stating an impending trend change in various degrees!! NASDAQ:RIOT should have concluded the entire correction in Minor degree wave 2 by an ending diagonal as wave (c). As illustrated on the 45m-frame above, the wave (c) diagonally reached very close the anticipated Fib-expansion target at 7.27( where wave (c) = 1.618 wave (a) ). And it occurs twice, forming a double bottom >> NASDAQ:RIOT 's extreme-low at 7.24 may considered as a significant extreme & reversal point! Because of that the contracting diagonal wave (c) which's although aligned with the two larger various degrees downtrend, but also that may respected as an ending pattern in which state of turn into the uptrend lies in as well. So, technically retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in a five-wave sequence) will highly confirm the NASDAQ:RIOT 's trend reversal!! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mRiot Platfroms has worked marching in place in two straight weeks, formed the double-bottom so far, also stating well impending trend change in the various degrees!! So the prior outlook still remains intact >> bullish against the extreme low >> 7.24 NASDAQ:RIOT seems to have concluded the entire correction in Minor degree wave 2 by an ending diagonal as wave (c). As illustrated on the 45m-frame above, the wave (c) diagonally reached very close the anticipated Fib-expansion target at 7.27( where wave (c) = 1.618 wave (a) ). And it occurs twice, in a double bottom >> NASDAQ:RIOT 's extreme-low at 7.24 might be well considered as a significant extreme & reversal point! Because of that the contracting diagonal wave (c) which's although aligned with the two larger various degrees downtrend, but also that may respected as an ending pattern in which state of turn into the uptrend lies in as well. So, technically retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in a five-wave sequence) will highly confirm changing the NASDAQ:RIOT 's trend to the Upward!! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mRiot Platfroms has worked marching in place in three straight days, formed the double-bottom so far, and stating well impending trend change in the various degrees!! So the prior outlook still remains intact >> bullish against the extreme low >> 7.24 NASDAQ:RIOT seems to have concluded the entire correction in Minor degree wave 2 by an ending diagonal as wave (c). As illustrated on the 45m-frame above, the wave (c) diagonally reached very close the anticipated Fib-expansion target at 7.27( where wave (c) = 1.618 wave (a) ). And it occurs twice, in a double bottom >> RIOT's extreme-low at 7.24 might be well considered as a significant extreme & reversal point! Because of that the contracting diagonal wave (c) which's although aligned with the two larger various degrees downtrend, but also that may respected as an ending pattern in which state of turn into the uptrend lies in as well. So, technically retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in a five-wave sequence) will highly confirm changing the RIOT's trend to the Upward!! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mRiot Platfroms has worked marching in place in two straight days, formed the double-bottom so far, and stating well an impending trend change in the various degrees!! So the prior outlook remains intact >> bullish against the extreme low >> 7.24 NASDAQ:RIOT seems to have concluded the entire correction in Minor degree wave 2 by an ending diagonal as wave (c). As illustrated on the 45m-frame above, the wave (c) diagonally reached very close the anticipated Fib-expansion target at 7.27 ( where wave (c) = 1.618 wave (a) ). And it occurs twice, in a double bottom >> NASDAQ:RIOT 's extreme-low at 7.24 might be well considered as a significant extreme & reversal point! Because of that the contracting diagonal wave (c) which's although aligned with the two larger various degrees downtrend, but also that may respected as an ending pattern in which state of turn into the uptrend lies in as well. So, technically retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in a five-wave sequence) will highly confirm changing the NASDAQ:RIOT 's trend to the Upward!! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mNASDAQ:RIOT has worked marching in place above the double-bottom extreme level today. So the prior outlook remains intact as well >> bullish against this level >> 7.24 | 7.25 NASDAQ:RIOT may have concluded the entire correction in Minor degree wave 2 by an ending diagonal as wave (c), and it might be stating an impending trend change in various degrees!! As illustrated on the NASDAQ:RIOT 's 45m-frame above, the wave (c) diagonally has reached very close to the anticipated Fib-expansion target at 7.27 ( where wave (c) = 1.618 wave (a) ). And it's twice, in a double bottom >> All these are implying that the diagonal wave (c) would not be extended more. Hence, the extreme-low at 7.24 might be well respected as a significant extreme & reversal point! Because of that the ending diagonal wave (c) which's although aligned with the two larger various degrees downtrend, but indicates an impending trend reversal in the same degrees as well. So, retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in a five-wave sequence) will highly confirm changing the NASDAQ:RIOT 's trend to the Upward !! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mNASDAQ:RIOT may have concluded the entire correction in Minor degree wave 2 by an ending diagonal as wave (c), and it might be stating an impending trend change in various degrees!! As illustrated on the NASDAQ:RIOT 's 45m-frame above, the wave (c) diagonally has reached very close to the anticipated Fib-expansion target at 7.27 ( where wave (c) = 1.618 wave (a) ). And it's twice, in a double bottom >> All these are implying that the diagonal wave (c) would not be extended more. Hence, the extreme-low at 7.24 might be well respected as a significant extreme & reversal point! Because of that the ending diagonal wave (c) which's although aligned with the two larger various degrees downtrend, but indicates an impending trend reversal in the same degrees as well. So, retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in a five-wave sequence) will highly confirm changing the NASDAQ:RIOT 's trend to the Upward !! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 2hNASDAQ:RIOT may have concluded the entire correction in Minor degree wave 2, and might be stating an impending trend change in various degrees!! Accordance with the prior wave analysis on the NASDAQ:RIOT 's 2h-frame, the wave (c) diagonally achieved the anticipated Fib-expansion target at 7.27 ( where wave (c) = 1.618 wave (a) ). And It's implying that the diagonal wave (c) would not be extended more. Hence, the last day's extreme-low at 7.24 could be well considered as a significant extreme & reversal point! Because of that the ending diagonal wave (c) which's aligned with the two larger various degrees downtrend, but indicates an impending trend reversal in the same degrees as well. So, retracing up to origin of the ending diagonal wave (c) at 11.92 in an impulse(in five-wave structure) will highly confirm changing the NASDAQ:RIOT 's trend to the Upward !! #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 45mAs illustrated on the NASDAQ:RIOT 's 45m-frame above, an ultimate decline by 9% would be likely lie ahead over the next day. Accordance with the NASDAQ:RIOT 's prior analysis on the 4h frame last day, an ending diagonal could be considered as wave (c) which now seems to be remained in very late stage. And so its ongoing 5th wave down should be expanded in a three-wave structure. Hence, technically! further decline would be expected yet. The Ultimate Target >> 7.07 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
$RIOT / 2hNASDAQ:RIOT might be stating an impending trend reversal!! Today' decline unfolded an ending diagonal that's well taken form since the mid-Feb high at 11.92. The three-wave structure of wave v of ending diagonal (c) seems to be complete, but also the accurate Fib-target at 7.27 remains intact. NASDAQ:RIOT might well conclude the entire correction in Minor degree wave 2, on converging its Fib-expansion levels (1.618 & 1.272 on the Fib channel). #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
1
$RIOT / HourlyAn Impending Trend Change In Various Degrees! NASDAQ:RIOT ended the week with finding its new extreme low below 7.95 >> 7.92 that's surrounding the Fib 1.272 expansion level on the channel, as anticipated on the prior NASDAQ:RIOT 's analysis. So the various degrees declines of the waves v, (c), ((y)) and 2 should have likely concluded. And so, today's intraday low at 7.92 might be respected as a significant extreme & reversal point. And as illustrated on this hourly frame, the double bottom on the converging Fib 1.272 expansion levels would likely state an impending trend reversal as well. #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
1