RIOT_BUYsigRIOT and cryptos getting some good news and this fib could get some momo soon but needs some more bullish momo...
RIOT trade ideas
Capitulation is imminent (Not Financial Advice)
30 Billion dollar pension fund has just increased its holdings in BTC miners and Riot Blockchain is one of the lucky two.
In a first for the state of New Jersey this is just one move that is proving there is still more to come in this bull cycle. What the effects of this latest investment is, is yet to be seen but this shows a bright future for both Riot and BTC.
Trading Triangles and ChannelsGreat trading day, loved the quick action on the charts.
Today, RIOT formed a symmetrical triangle in the morning hours.
I marked the top resistance levels, mid support/resistance levels, and bottom support levels.
It was a fantastic freefall from the top resistance levels to mid support levels, where it then formed resistance and plummeted to bottom support levels.
Trade #1 - Up $800 USD in Paper Account
Trade #2: Up $350
Trade #2 was based on Descending Wedge and Channel patterns, forming new support and resistance levels.
It's very hard to see on the 15 minute chart, as I was working with smaller time levels that I cannot publish about.
How do you manage risk? Share any risk-management tactics, traders!
Riot_60fibRIOT maybe on the way up but still has some bearish momentum from its recent highs but the spread is a beast and should be put on the watch list...possibly a good entry for the stock when the DMI gets a little more bullish...Neutral but the upside could be 20% or higher...
Added to $RIOT New Target 45.70 for 51.27% 🟢 $RIOT Target 45.70 for 51.27%
Added here @ minor support in hopes of a good crypto run...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
RIOT: Trendy Wyckoff Theory AnalysisI've plotted Wyckoff Theory over RIOT. I feel we are currently in Phase E.
Trade Entries for RIOT stock - When to Buy, when to SellWe've had 2, soon to be 3 major trade entry points for RIOT the past few months.
The first major trade entry point was bullish after Riot's long fall. A retracement was imminent, and I predicted it to reach 40%.
It hit 40% like a miracle.
The second trade entry point was bearish, after Riot's 4-step rise. A correction was imminent, and I predicted 2 elevators down, at least 20%.
It has been 20%. 2/2! 100% correct.
Now, we approach the third major trade entry point.
It may be bullish, if Bitcoin continues to stabilize and build support at 30k.
It may be bearish, if Bitcoin continues to fall, signalling a Death Cross in the daily and a major bearish market.
Only time will tell!
What are your predictions?
$RIOTNice clean breakout a few days ago...
I was short before last weekend and closed it because I was scared bitcoin would break up out of its wedge over the weekend.
I think this could go much lower very quickly if BTC starts melting down and I really want to be in if that happens. Got a tight stop above 30.
RIOT Retest 200D EMA & Resume to 44 (& MORE?)Consolidation and redistribution over & mining bull run resumes
As Easy as 1, 2, 3, 4: Counting Waves in TradingAs you can see notated on the chart above, major bullish trends tend to have four waves.
After the fourth wave is finished, it tends to reverse direction.
Major bearish trends tend to be "the elevator to the stairs," and have two sharp waves down instead of four steps up.
This signals a harmonic pattern that can make trading in the future more reliable and easier.
Where do you think RIOT, MARA or BTC are headed next?
We have an ascending wedge completing its pattern, which also could signal trend reversal.
This ascending wedge is hidden within a giant triangle formation. Will see a break up, or break down?
$RIOT Target 46.95 for 49.24%🟢 $RIOT Target 46.95 for 49.24%
Or double position at 15.97
This one's doing well... + RSI support here… let’s go all the way… 🙌🏼
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
$RIOT Above 38 Bullish targeting 44 and 50 38 is previous top if it can close above it then possible targeting cloud roof at 44 - 43.8 then could target 50% fib near 50 . Stops for bulls below 32 . Note: closing above 38 only can make it bullish
RIOT potential breakout coming ?hello everyone, potential upside for stocks like RIOT and MARA if bitcoin keeps running/if we break the top trendline resistance/reclaim previous support area. on watch next week! goodluck :) leave a like and follow <3
$RIOT $MARA potential shortChina has decided that they will shut down crypto miners due to energy consumption. Potentially a bad news for the space.
$RIOT and $MARA has a textbook descending triangle break and retest setup.
