RIOT Alongside MARA - Possible long setupDips getting bought around 10$. Price range it's getting tight with a nice bullish flag pattern forming. I would like to enter before the breakout happens (if it happens) with a very small risk.
RIOT trade ideas
RIOT: long until the channel breaksRIOT has hit a snag and has been consolidating as Bitcoin struggles to breakthrough 30K ceiling. With the current macroeconomic headwinds from debt ceiling clown show to fade rate circus it is not unexpected that BTC may fall back to 20 K support. If that happens, then RIOT will also take a hit and the current bull case might be in jeopardy. But I am still hopeful as the price action looks much more like a wave 4 correction than a big impulse to the downside. Until the channel breaks, I will stay long with $21 target. Will go short if the bull count is completely invalidated below $7.76. I don't short BTC but use RIOT and MSTR as a proxy to short crypto market.
Riot platforms BTC hash rate increaseIs the increase in hash rate increasing share price for mining companies i would like to know if this is indeed a catalyst any input on the subject is appreciated
RIOT $11.75 Price TargetGot in calls a little late but love how we held higher time frame support around 10:30 at $10.33. Expecting this to bounce to $11.75 later this week. Might be able to catch some calls on this one over $10.81 if you keep an eye out.
second bull flag breakout on riot in tandem with rising btc pricRiot is a stock we have traded several times with options contracts. options expiring in May in the 12-15$ region are potentially very lucrative. I personally went with 12$ strike May 26th on the bounce of the red line before flag break.
RIOT LONGRiot broke out of its descending channel with high volume on the daily. We may see a possible retest of $5.50 then continue higher.
RIOT - might be time to take profits?The price is hitting the 1 Week MA 200. Might want to move stop loss right below it (maybe $12.50) in the event that wave (iii) is complete at the 1.618 and ready to move to wave (iv).
Your decision.
Good Luck
RIOT PlatformsAll I know riot will be bullish becaause of Bitcoin. Riot follows the same pattern as BITCOIN. Bitcoin right now is going through corrective phase while
Mean Reversion (Shorter Term)Looks ready to run back to ~14.80, possibly higher depending on the push we see in BTC.
I'd be cautious at 14.80, and extremely cautious at $21.20..
Shorter term..
I don't think this stock rallies to new highs until 2025.
BTC Bull Play RIOT Double H & SRiot just completed a double H & S similar to BTC this week. Break out at $8 - target $12 - risk to $6 would provide 1:2 risk ratio.
RIOT...UT (2D)Resistance (Major) @ 20.31
TP2 @ 20.00 (close trade)
Resistance (Minor) @ 14.23
TP1 @ 14.00 (shave 50%)
BSO @ 15.50
BLO @ 7.27
RIOT short to 6.5It appears RIOT will not hold this line and I believe the C3 incident is enough to make crypto and tech take a big hit right now especially being in an already weak position. My target is around 6, point of control support
Example of a bull flag on Riot that played outI mostly trade bull flags, especially if they are following a previous cup and handle breakout. Here is an example of a bull-flag we traded that played out to a massive upside, we used 30 day expiration calls on a strike of 10$ for this particular setup.
This goes hand in hand with my bitcoin ideaLooking for something similar to the prior channel in the last bear.
Riot UOI TestTest of UOI indicator mixed with simple trendlines and own TA measures. Assuming trendline breaks, looking to see how accurate or long the sell signal reacts. 15 min time frame of course.
Long RIOT #tradingtheapocalypseFundamentals: Riot Platforms, Inc is a Bitcoin mining company that survived the recent downturn in Bitcoin price, unlike some of its competitors. That's as much as I need to know. This trade is a leveraged bet on Bitcoin. Bitcoin recently completed a weekly Wyckoff accumulation pattern, which was confirmed by the break and hold above 26k.
Technicals: Crypto equities seem to respect nothing in particular except the Bitcoin price, and the general stock market conditions. However, moving averages help. RIOT has closed above its 200-day Exponential Moving Average, and tested it as support, along with previous resistance, gapping up afterwards, showing demand.
The trade is a long from here, with a stop below the recent low around $5. Ultimate target is the most recent peak the last time price was above the 200 EMA, but really the trade should be managed according to the state of the crypto market.
RIOT - 126-130$ top target for 2025In this analysis, we will delve into the significance of confluence in technical analysis, the implications of shareholder dilution, the role of Bitcoin mining, and the importance of the technical indicators used in our assessment of Riot Platforms, Inc (RIOT).
Confluence in Technical Analysis
Confluence is a crucial aspect of technical analysis, as it allows traders to identify critical price levels where multiple technical indicators align. This increases the probability of a successful trade, as it provides confirmation and reduces the likelihood of false signals. The confluence between the 1.382 Fibonacci speed resistance fan and the horizontal 1.618 Fibonacci extension level in RIOT's chart offers a compelling indication of a potential turning point.
Shareholder Dilution
Shareholder dilution occurs when a company issues additional shares, which results in a decrease in the ownership percentage of existing shareholders. This can negatively impact the stock's value and investor sentiment. Therefore, avoiding shareholder dilution is essential to maintain shareholder confidence and support the stock's price appreciation.
Bitcoin Mining
As a company primarily engaged in Bitcoin mining, RIOT's performance is closely linked to the cryptocurrency market. Continued growth in Bitcoin mining will likely support RIOT's revenue and contribute to its stock performance, especially during periods of heightened crypto market activity. Conversely, regulatory setbacks or a decline in mining activity could negatively impact RIOT's stock price.
Technical Indicators
Our analysis employs the convergence of the 1.382 Fibonacci speed resistance fan and the horizontal 1.618 Fibonacci extension level to determine potential price targets. These indicators have proven to be reliable in identifying key support and resistance levels in the past. By extrapolating the data from these indicators, we can project a potential price target of $126-$130 for RIOT.
Conclusion
In light of the confluence observed in RIOT's chart and the importance of avoiding shareholder dilution and sustaining Bitcoin mining operations, we recommend considering a long position in RIOT around November/December of this year. This strategy aims to capitalize on the anticipated cryptocurrency market euphoria and achieve a price target of $126-$130. However, it is crucial to monitor the company's performance and the regulatory landscape, as these factors may impact the stock's trajectory.
$RIOT Monthly high in play!$RIOT such a great day! Looks like we found acceptance over this 2 month range..size pushes $RIOT over Tuesday’s high look for $7.50+.
*50MA&200MA possible golden cross in play.
As always manage risk accordingly.
Preparing for a move. $RIOT as long as it is able to remain above Monday’s high acceptance over the balance zone can lead to price looking to take out some upper stops. Interested in this as we see some strength in BTC carrying over to the miners..
*50MA&200MA possible golden cross on the daily.
As always- stays safe and manage risk accordingly.
RIOT - Quiet on the Home FrontLooks can be deceiving and they can also be pleasing to the eye... this one is eye catching atm... just not sure if I'm believing what I'm seeing... a 5 wave ride is always followed by another, so if this is a valid count, we should soon see the tide if it hasn't already rolled in. The square box will be of utmost interest as it should offer an indication of which path this looker will prefer to take... lose the highlighted square and the gap at 4.30 should get attention and offer support... climb out of that square, and the Quiet RIOT will start making you feel the noize and dance to the beat of the bulls. The intensity and structure of this next 5 wave move should offer intentions of the following waves. Candles suggest a short term bottom as long as 5.51 holds on a daily close. GLTA!
$RIOT: Weekly reversal signal...It seems Bitcoin miners are reversing their wave of misfortune here...Nice setup to go long with low risk here.
Best of luck!
Cheers,
Ivan Labrie.
Following the Crypto TrendDepending on how it all plays out with bitcoin we could see history repeat itself in a big way shortly. aligning with the macro theory that 2026 will be profitable for a majority of traaders, giving the global 2-3 years to get used to higher interest rates markets should settly and head towards new highs as long as nothing too unpredictable happens. following that narative all of these btc mining companies, as long as their in line with developmental goals, should reap the rewards. just spitballing here nothing too serious
