staying within the uptrend channel. RIOT seems to be staying within this uptrend channel. As long as it stays within this channel i am holding and will consider adding into my position.
RIOT trade ideas
RIOT is ready to GO, but to where?This is the current state of Riot, it is a Rocket ready to launch.
Yesterday was to buy the low, now it is closed and ready for take off.
Incredible...
Riot 8 but when? For Riot and Mara, they might have a small retracement as a result of Bitcoin thanksgiving selloff, which might forming a W double-down consolidation this week.
Hopefully for Riot, it would stop at 6.20 or 5.30 if so, otherwise it could be + - 4.70.
Frankly speaking the bull is running out of steams, maybe I am wrong, this week we might see 8 but I doubt further than that. I might sell my small shares at this level and "patiently" waiting for the next opportunity.
RIOT updateLooking to exit at around $9-11, thinking we could even hit $15 with this Bitcoin rally, and the volume still hasn't gone hyperbolic
Prediction for the rest of the week based off of Monday trend.This is mint. Im looking for a sell tomorrow of around 25% of my shares to re-enter in the coming days to reduce risk. If there is a deviation from this pattern assume a bearish flip and reduce more shares.
Monday Seems Poised for BreakoutLooks like this one could pop monday back over $6.50. Hopefully, we see that upward action and this accumulation period doesn't last long.
$RIOT Calls 10 March 19th 2021Maybe side ways for awhile and dip before going Parabolic, need patience...
Gap up. RIOT appears to have gaped up again. We had gaped down and now it has done the opposite. With bitcoin reaching all time highs i expect RIOT to do the same.
Running the top.We are currently on the tail end of a cat 5 hurricane. Houses are being bought off the gains and it looks like this is the turning point. Does Bitcoin do what everyone is saying and run up into the new year or take a dip and recalibrate. Thumbs up if you are still holding this stock. This has been a crazy week.
Uptrend will continue.Classic double bottom pattern on the daily chart and we see new highs. Expect to trade sideways and then it go back up. With bitcoin reaching all time highs i expect these miners to follow. Chart is bullish.
Trade Carefully High Risk ZoneWe are in the eye of the storm here folks. We could rip or we could sink. Take a breath and hope for the best. I suggest a reduction of 25%-50% of shares and wait for a buy zone.
Dont Panic! Were still going up.Red, Yellow, and Green are resistance points that correspond with how threatening we face of a challenge. Red is our break point. Yellow is our middle support. and Green is our bounce back.
If this stock drops refer to these points as buy points. Bitcoin sees no resistance right now and these stocks won't either when the money settles. Let these corrections show that if this stock is still accumulating for a much higher price point. Im no wizard but we saw the last boom have a dip just before this point. Theoretically if history proves itself we could see exactly the same thing here. Lets keep an eye on that pattern because the next stopping point after the small lul was above the $20 mark.
riot, a big gap....something to look at, gap around 15$.. i think if btc holds 18 riot makes a huge move this week. things damn near an altcoin
RIOT updateLooks like RIOT could hit $8.50, then $9.77 within the next 5 trading sessions. Those are my 2 price targets.
On the weekly:
Fast approaching the 200ema, my bet is it'll blow past it seeing how bullish the market is. In addition, investors are looking for alternatives to traditional FAANG+ companies, and ways to future-proof their portfolio
On the 15min:
Hugging the 25ema. Looking for a slight pull back to $6.80-6.89
Companies like this are pretty hard to value and chart, but using Tobin's Q I got to approx. $8.5-9/share. I think it can pass this as bitcoin sets fresh ATHs
$RIOT Blockchain Shorts getting Burned Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.
Short interest 18.7%
Riot Blockchain, Inc. - $5.99 -> $30 With all of the hype around Bitcoin in 2017, companies were literally created around mining this digital piece of currency. To this day, many powerful individuals still believe a single Bitcoin is worth more than a brick of gold. So why do we sit back and watch whoever created this digital masterpiece get filthy rich? Why not get rich with the bastard?
RIOT is a company who wants to support BTC and collect as many as possible. With BTC recent spike to 18K, I have no doubt it will reach 50k in a very short time as BTC is undoubtedly the currency of the future. Think of it as a central hub that all countries can share ideas with, and grow out of equally. Unfortunately, banks have not accepted this form of currency until VERY recently.
At the same time BTC peaked during 2017, reaching highs of $19.2k, RIOT reached highs of $28.5.
Currently:
BTC - $18,500
RIOT - $5.99
Don't get left behind boys
If BTC breaks $20k within the next few weeks, RIOT will hit at least +$30 by the end of the year. Especially with all the good news coming out.
*These are 100% my own thoughts and predictions. Your money is your own responsibility. I am not a financial advisor.*
RIOT updated chartLooking really nice on the 15min, finding an old trend line again (see green arrows) and making new highs, if this continues we can see $8 by year end I believe.
Playing off the 21sma really well and finding support at all the right levels
RIOT: newest addition to my short-term accountForgot to post about this yesterday,
I entered into RIOT, small lot of $500 to buy 80 shares at 5.21 (used the bounce off the Fib to enter), came out to $5.33/share. I used the proceeds from selling shares of NIO the other week and reentering at a cheaper price, I never buy lots greater than $1.2K USD unless it's something I will hold for longer than 3 months. Got burnt hard this summer playing around with HTBX + SQ & AAPL options. Learned my lesson to say the least lol
Great way to gain exposure to BTC without directly buying it.
Price target: $8
