RIOT trade ideas
RIOT My arrows are purely for educational and visual representation of how i would like the trade to play out for executions. I have no interested in continuing to sell the majors against the USD as we are already so low!!
NASDAQ:RIOT
A stock company can predict the next path of Bitcoin? - 03A stock company can predict the next path of Bitcoin?
Chart 03
RIOT: A giant cup has been formed. The bearish descent of thehandle is formed. The only thing you need to do is to ride the handle to the top. Wave 2 has retraced 61.8%. Both targets match.
RIOT Rising WedgeRIOT looks to be completing a rising wedge on the daily price graph. Time will tell.
RIOT BLOCKCHAIN... CURRENTLY BEST CRYPTO EXPOSURE ON NASDAQ??Hello,
I just wanted to point out that with all the ETF delaying nonsense... that's fine.
We have a crypto asset to speculate that's already traded on the NASDAQ.
AND one thing to consider is these "crypto" stocks are few and far between.
This fact alone will cause speculators to throw cash at them that are stuck trading in traditional markets, and their options are... BASICALLY RIOT. lol
I myself have a PCRA. If you don't know what that is, basically it's my retirement account essentially a 401k that my company is matching 5% monthly on.
Since I'm a crypto maximalist and believe in all things crypto, plus my company is matching my investments, I'm going all in on RIOT.
I have been all in, all year, and so far I'm up over 100% in my 401k, and will continue this strategy all year, every pay check dollar cost average in.
I would like to look at anyone's 401k held at the company, I highly doubt anyone has traded and can prove such returns.
It's just not possible really. Unless you HELD CRYPTO!!!!!!!!!!
So, for those interested, here is RIOT Blockchain if you haven't been informed.
Basically the only crypto related stock traded on the NASDAQ.
It gets respectable volume, and follows the market almost identically.
One of the exciting parts is when the stock market closes on Friday and crypto booms on Saturday and crushes all weekend.
You have piece of mind Saturday and Sunday knowing RIOT is going to blow up and you get to sit back and watch the cash flow in.
AND those Mondays are usually good days to sell.
Jus' Sayin!
- CA$HLESS
RIOT making moves.Riot gained huge momentum on Monday going up over 10% in a terrible market environment.
Chart follows bitcoin trends religiously.
RIOT 10% decrease then 45% increase... Rate Adjustment Level 3.70 usd I'm waiting for the rate to return to this level. This represents a decrease of nearly 10%. Then I expect a stronger rise. The rise target price is 5.35 usd. 45% increase from the correction level. The rise can be quick and instantaneous. My assumption is based on the slope of the ATR axis in this range.
RIOT: I am bullish this stock. I expect wave (2) to retrace 61.8% with a target of $3.15. I can sell June puts at $3 strike. Premium is $0.55. Margin requirement is $300 minus $55. If $3.15 held by June 21, I get to pocket $55. If it goes below $3, I get to own 100 shares at $2.45. Not bad.
RIOT - So fuckedRIOT puts have been doing awesome the past week :)
Why is RIOT a piece of shit and why should you short it?
Well, namely they fund their operations through share dilution. Management is also highly inexperienced.
Oh, and I think they defaulted on a loan or something? I know they gave a lender a whole bunch of cheap warrants to exercise around the middle of June.
Target down to the Gann line.
See you below $2
RIOT heading higherLooking at the daily timeframe we can see, that the price has made a brekout above the previous support/resistance line, and more recently made a smaller pullback back to this line. As the stock does not look like it is overbought to us, we do expect another bounce from this line to the bullish side.
The four hour chart does not provide us with any aditional information. We still believe, that a bullish bounce from the before mentioned support/resistance line should be expected.
Feel free to grab a copy of our Free Weekly MArket Outlook here:
mailchi.mp
We wish you good luck with your trading!
RIOT - at a tipping point?RIOT, one of the few crypto plays available through NASDAQ. Options trading too.
Looking at the Martin trend, you can see RIOT turned bearish late last week following the news of Bitcoin/Tether fraud. (Old story)
Stoch and RSI both say buy but our momentum indicators say sell.
I bought some $5.50 and $5.00 RIOT puts last week that are already in the money. But it might not be a bad idea to snag some $5.50 calls expiring this week if they can be had cheap.
$RIOT Breakout very possible if Bitcoin can continue the climb.This is a pure Bitcoin related watchlist stock for us, RIOT has built a nice base in the past year and is now sitting at resistance, we will go long on a break and expect great volatility, nimble trading required for sure, short on any weakness in BTC.
RIOT SODE Research Analysis Bitcoin/Blockchain StocksAs Bitcoin's sudden rally higher captures the world's attention, it is not only cryptocurrency investment that is racing in an upward trend. Any company associated with BTC is experiencing a green day, and naturally, RIOT Blockchain and Social Detention Inc. (SODE) are no exception. As BTC continues to inch upwards back to last years highs, These two companies, RIOT and SODE, are going to be making headlines over the next couple of weeks.
Latest News
RIOT Blockchain: Thinking about buying stock in Aurora Cannabis Inc., Advanced Micro Devices, Aveo Pharmaceuticals, Dave & Buster's, or Riot Blockchain Inc.?
www.marketwatch.com
Social Detention Inc. SODE Launches Blockchain Initiative with the Acquisition of the World's First Bitcoin Dedicated Marketplace in the App Store
www.marketwatch.com
RIOT - Waiting to test support.RIOT made a big move up with good volume and then started to retrace. I'm looking for a 50% retrace to 3.06 or 61.8% to 2.82, both of which line up with previous support/resistance levels. 2.50 is also in the cards with possible support from the 26 and 50 EMAs. A bounce from any of these levels should send us back toward the 4.00 range. Breaking that level means its a long way down.
