RIOT trade ideas
RIOT-LONG There some of reason:
Fundamental:
1-masive growth in the revenue
2-ROE become positive
3-RIOT is in 1 rank in her industry
4-Cash Ratio 460%
5-zero debt
6-promising industry
7-Institutional Holdings +
Technical:
Explanation in chart
11/14/21 RIOTRiot Blockchain, Inc. ( NASDAQ:RIOT )
Sector: Finance (Financial Conglomerates)
Current Price: $44.19
Breakout price trigger: $43.00 (hold above)
Buy Zone (Top/Bottom Range): $41.00-$35.50
Price Target: $66.00-$68.00 (1st), $79.00-$82.00 (2nd)
Estimated Duration to Target: 38-40d (1st), 74-78d (2nd)
Contract of Interest: $RIOT 12/17/21 50c, $RIOT 1/21/22 50c
Trade price as of publish date: $7.00/contract, $9.80/contract
RIOTFor whatever reason Riot is a lagger compared to MARA. On Friday closing near resistance this could move heavily to the upside and even break highs in mid December. Seems likely to be .. could be even a 100% gainer from here!
Hope you guys are having a good weekend and find these charts before the start of the new week!
Will post some more following this one, had to get this one out.
Buy ITM calls for two months out.
Riot Blockchain Too the MOOOOONI Believe Riot is on the path to $100. Sitting in a cup and handle fueling for takeoff
RIOT is undervalued right now RIOT Continues to lag behind all the other miners. I am currently long from 34$ and holding.
$RIOT BTC Mining StockY-Axis is log scale
Assuming the BTC pumpdamentals continue, RIOT could have a huge breakout here from a macro descending wedge into a bull pennant
RIOT Corrective Wave Almost Complete Next wave will probably push price action up to $48-50 which may then act as a profit taking zone
RIOT a Sleeping Giant +$80It is time for RIOT to play catch up. Profit taking from other miners could be pushed to RIOT? This would force a pump to a higher high.
Once $38-$40 is cleared, that should cause a large rally for RIOT. I see an ATH in the near future (assuming BTC continues advancing).
Let's see what happens in Q4 2021
Good Luck
$riot looking better everyday riot has broken out of its downtrend from March and tested resistance at the .382 fib level or $43.25 I believe this will test it again in the near future and breakthrough near earnings or the day after on the 15th and rocket up to the .618 $57.09. I have gotten a position in at $27 and will buy a bigger position of calls expiring next week.
Long | RIOT | Intraday play 11/3/2021 NASDAQ:RIOT
Possible Scenario: LONG
Evidence: Price Action
Entry point: buy order : 31.30$ to 31.80$ in case of pull-back, (I don't expect it)
TP1: 32.80$
TP2: 34$
Call options, Strike 32$, 11/ 05 /2021 100 Contract cost is 14k and profit at TP1: 4k at TP2:13k, at 36$: 28k
Call options, Strike 34$, 11/ 05 /2021
*This is my idea and could be wrong 100%
RIOT inverted head & shoulders pattern!!!!Smaller inverted h&s within a larger h&s. if we break the neck line, first target $44 then $60. trade safe
RIOT investor interestsRIOT is gaining today, watch out the $41 area, this is on of the most important levels.
Above we see the volume profile is very low and the price need first to be accepted.
Currently we cannot say where it will go, but prepare for a major pullback anyway.
After breaking the next big level, the picture will be more clear.
RIOT Potentially Missing Bitcoins from Mining OperationsI've been bearish on RIOT since around mid April 2021. Since then, a few technical formations have occurred and I've detected potentially suspicious activity at Riot Blockchain. Main price objective = $2.
Technical Observations:
1. Bearish flag formation from May 7th, 2021 to September 17th, 2021. The break down occurred on September 20th, 2021.
2. Bearish flag (from point 1 above) and pole (marked as line segment X) completed. The next pole (marked as line segment X', which is a clone of line segment X and then translated) could be forming. Line segment X' points to a target of $0.00. However, as mentioned at the start my main price objective is $2.
3. Declining trend line starting February 17th, 2021 to present day.
4. Death cross on September 10th, 2021.
5. We are in month #18 since the BTC block reward halving that occurred in May, 2020 (prolonged bull run). I anticipate this bull cycle to end within 90 days from the date of this publication.
6. Dark black ghost bars are the candlesticks from the previous bear market trend that began on December 19th, 2017 for this ticker. This serves as a potential trajectory of where we could be headed in this current down trend. Notice the dark black bars have been setup to end at $2 based on adjusting the vertical stretch property.
Fundamental Observations:
1. Literally almost all cryptocurrencies have pumped 10x, 20x, 50x, 100x, 200x, 1000x, and in a few cases well beyond 1000x multiples. This is sheer insanity and generally unsustainable.
2. Tether keeps pumping Bitcoin prices with nonstop increasing supply. Generally, when Tether stops printing, Bitcoin is allowed to take its natural course. Also, word is getting out that Tether might even be a scam/fraud. The downfall of Tether could potentially destruct 80% to 90% of the cryptocurrency market. Obviously, RIOT would become one of many victims due to a Bitcoin price collapse.
3. RIOT's business model requires to upgrade equipment for life every 2 to 4 years to stay competitive with its mining operations. This is very capital intensive.
4. RIOT's break even cost will rise forever. This is unsustainable because RIOT would need to rely on Bitcoin prices to rise forever if it were to ever become profitable.
5. RIOT is potentially missing Bitcoins from mining operations. Have a look at my mini report and carefully follow my mathematical argument. You will notice the argument follows a structure known as deductive reasoning in logic.
www.dropbox.com
This report is far from being a thorough investigation into the company. My main focus was on the potential possibility that RIOT could be missing Bitcoins from its mining operations. Constructive criticism and rebuttals are welcome.
Multi-Year Cup and Handle! Target $8000RIOT is looking really good right now. This beautiful cup and handle is about to resolve to a major run within the next 2 years to possibly $8000. I know it sounds extreme but the measured move of the cup on a log scale will bring it to approximately $7000-$8000. Hold onto your hats. Good luck everyone. This is not financial advice just my opinion, let me know what you think.
Riot ShortMixed with the way Riot responds with the Bollinger Bands and the 50 Ema. Along with a new engulfing pattern on the horizon,
Minus headlines everything points to a short for me. Thoughts?
MARA / RIOT - Lets see what happens?RIOT seems to be lagging MARA a bit but provides the same setup.
Riot Potential Second WindLooking at a strong entry point for a long trade on a second leg formed.
Looking for a price target of $30.
Signs of oversold conditions starting to appear on the RSI & MACD . Also seeing some divergence.
While I see pullbacks on BTC to $50k & ETH to possibly $32-3500, RIOT seems to suddenly making a breakout.
Could be profit taking and traders seeing higher profit % potential here in the meantime?
I'll bite. Let's see where this goes.
