It's a riot!Looks like an excellent setup for a pretty incredible move up over the next year or so. High r/r in my opinion -- I will probably stop out below the most recent low
RIOT trade ideas
RIOT- btc miner - BTC rallybuy riot a bubble bursted but look at where we are now in term of phases of bubbles
Google it up
Blockchain stocks are out of controlRIOT Blockchain just announced the beta development its own private Bitcoin Mining Pool.
Riot Blockchain is focused on building, supporting, and operating Blockchain technologies, primarily through its cryptocurrency mining operations and other internally developed businesses, as well as through potential joint ventures, acquisitions, and targeted investments in the sector.
Today it just came out of the Kumo so there is more upside on the near future.
Possible price target in december $20.
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Someone is Buying RIOT...Clearly following the bitcoin/crypto hype, Riot Blockchain has been diving from a high of around $46. With the real potential for a Bitcoin ETF on the horizon (decision due August 16, led by CBOE) this might have been the bottom for RIOT.
Yesterday, it broke back above the $6.00 mark with huge volume (see candle on chart) which looked like its bottom back at the end of March, and it seems like it retested it this morning. With bitcoin on the rise and blockchain adoption articles left and right (google any of the following with 'blockchain': Mastercard, Amex, Bank of america, etc.); it might be time RIOT makes a comeback. I'm looking for short term targets just under the $10.00 mark (~60%), and longer term around $15.00 (~140%).
Not investment advice, DYOR, and good luck trading.
Let's cause a $RIOTHigh risk, high reward.
I am super bullish on Bitcoin; therefore I am super bullish on $RIOT. Now, let's cause one. Everyone says to short and that it's a scam. I only listen to the energy in the charts. The energy says that something is about to move. Call me crazy, but I'm in for the ride.
"Go out on the weekends, I barely. Peace & Prosperity." - bryson t.
RIOT 87% Opportunity Over 6 DaysTheir business is the blockchain. A similar amount of volatility over the last 3 months as the lesser known alt-coins. You could basically swap out the charts and you wouldn't notice a difference, hence the big upside. Unlike AMD, SQ or OSTK, RIOT is all crypto, they have no other business to fall back on. As such, it is a fair alternative, both in terms of risk and reward, to many of the altcoins.
RIOT Blockchain could fall fastRIOT is at downtrend line and major support.
If it breaks $6.68, it could fall to $4 quickly then slowly back to $2.
Bear Flag $RIOT after huge gains from changing name 2 blockchainRiot went on a massive run after changing its name for the 5th time to Riot Blockchain to capitalize on crypto mania. was a $3 Stock less than a year ago and nothing has changed except its name and insanely overpaying for some crypto deals to keep the hype going. CEO cashed out a lot of shares and Pump and Dump investor Barry Honig that got them to change their name to Riot Blockchain has cashed out as well, at a much higher price than currently trading. Honig is a career Pump and Dump investor. The Wall street Journal wrote an article on him and his involvement in Riot. The company has also adjourned and postponed its last two shareholder meetings, changed accounting firms 4 times in the last couple years, and its headquarters are in a strip mall. They have 5 employees, valued at $142M, have $52,000 in revenue, and a net margin of -16,564%. Looking for that break to the downside and a short term test of $8.
RIOT Breakout Good news and following larger crypto market. Just broke downward trend and following moving averages up.
Riot looking good on 1 hourObviously Riot is still in a long term downtrend, but I'm seeing good signs of life here on the 1 hour. All Ichimoku indicators on 1 hour are bullish, Philakone EMA's are all bullish.
This may be a good alternative to actually buying Bitcoin, it seems to follow its price fairly nicely.
RIOT stock on good bull fondationWith positive news and above 9 ema on daily chart could go way on bull run
UptrendThis is cool chart. Divergence indicated trend reversal which happened. EMA uptrend confirmation(+). Now a bullish ascending triangle.
RIOT, crypto playRIOT's bounce off support lends toward interpreting the latest decline as an Elliot Wave 4. That's because one of the rules is that Wave 4 does not decline past Wave 1's peak.
If we zoomed in, Wave (v) of 3 in this chart also has 5 clean subwaves, with 4 testing the top of 1. Elliot Wave could be accurately mapping the emotions behind traders on this stock.
I will wait to see support gets tested again. Another day of Bitcoin consolidation could do it. With such a dangerous stock, I have to wait for better risk-reward. Feels good to be alive, doesn't it?
A gap fill tomorrow could also be bought with a tight stop.
Wedge formed, look for breakout / breakdownLooks like a wedge has formed on the chart. Look to see if it is able to break out of the wedge. If so I'd go long. If it breaks downward I'd stay away. I personally don't short so I can't advise to do that.
WATCHING MONDAYAll converging. Volume and activity dry up, if you see some nice volume in the premarket, could turn into a nice bounce in the open. These are all like, the "blue chips" of bitcoin stocks, the originals with the most volume.
RIOT - Buy for wave 5If we get a crypto recovery, this could present good long play in the stock/blockchain space.
