Bullish pennant for RIOT - Target $26 if acceptedFirst post here.
Support showing around $17. If the price moves fast enough, it could close $26 today.
Feel free to share your thoughts.
RIOT trade ideas
RIOT : .... D;......
im getting destroyed on my shorts
absolutely demolished
ahhhhh its ok
we are more overbought than march of 2020 now.....
& losing is apart of the business
n a good reminder as to why it always makes sense to trade on a long time frame & straddled
covering my puts?
....
are u kidding me?
i'll sell my calls though..
(if not, im homeless, after all)
im just glad im long volatility
when UVXY goes to 300+
.....
just look at GME
& remember, anything is possible
(like yields dropping again)
this feels like the mkt back in march...
only difference is
we are at all time highs
everything is so speculative right now...
gross...
ill sit and watch
oh, and about RIOT
yellen doesn't like btc
one last thing,
I remember saying on a prev post 'the mkt has no chance of dropping 80% in the next crash'
I wholeheartedly, take that back
it's starting to look a lot more probable by the day...
goodluck!
(especially if u are investing right now)
RIOT - buy at 19 LONGI think BTC will rise, so I bought some RIOT. AM prepared to buy more lower if possible.
They also will get new mining devices, so I expect good earnings.
Riot is likely to go upRiot has created a pretty good support and resistance level shown in the chart with red and green lines, so it might go up now.
Do your own analysis.
RIOT Adding to my position here. Using LEAPS 21Jan22 10c. I'll sell prem against to pay for the position
RIOT Swing TradeBullish play, 90 shares, may continue back up to retest.
Max loss is $22, bought at 22.99.
We'll see how it pans out. Plan to sell on Friday.
SPY seems to be breaking out too.
RIOT going back under 20So folks, I make it short:
I am using my old chart, and I see Riot is going to touch the 100 days EMA, then 20 USD, probably followed by the support line at 16.
And eventually 13 / 14. this would be a great BUYING opportunity.
Of course it depends on BITCOIN in coming days.
Please comment. Thanks
RIOT 1/18 Trade Idea and ProjectionsRIOT sympathy play with BTC
BTC:
Bull flag (symmetrical wedge) on Daily
Reversal price action respecting bottom trendline (2 wicks w/ small bodies)
20 SMA coming up for support
$1.9T stimulus packet proposal, decreasing USD
RIOT:
Bull KL's: PLOD, PHOD, 22.50, 24.00, 25.00, 25.50
PT: 26.50, 27.70, 29.30
Long term PT: 33.30, 46.30
Price action projection: gap up, flush, strong morning momentum, 50% retracement, sideways price action. Looking for continued momentum if btc breaks flag with volume
Riot uptrendRiot trending upward, if wants to continue the demand areas should hold for a move higher up, unless it keeps going higher frrm current support.
RIOT - Small Dip Before Continuing UptrendI think RIOT needs to correct a little before it can continue rising within the formed trend channel on the daily charts.
RSI still looks overbought.
This stock obviously reacts to BTC Price movements, but it's sometimes delayed.
Short term dip, with an entry price target of about $21.40, then long from there, given bitcoin continues it's bull run.
If there's a major move in next few days for BTC, expect this stock to run up again.
RIOT - Crypto exposureInfo only, not advice
If you want some exposure to Crypto, but can't directly access in the UK, RIOT is a BTC mining operation
Tracks BTC fairly well
Log chart with some trend and key lines drawn
Looking for pump up to top of trend line and then drop to resistance before pushing up to next high
Bitcoin Sympathy playStock rallied with bitcoin and then tanked with bitcoin.. Now that bitcoin has stabilized and RIOT has bounced off the bottom of its channel might be time to give it a try.
White line s - Original channel
Redlines - Secondary channel
Green lines - targets
Still bullish We reach a strong support at 21$. The Stock was a decent profit for me today and I am still long.
Maybe after falling again, the price range has to be adjusted, but potential to reach again 25 again is there for sure.
No financial advise, I am a part time trader. If you have any questions, don´t hesitate to ask.
parabolic breakouts!! look for a some dip to enter on :)congrats to anyone who got in here at 4 when i first mentioned it, my target of 15-20 hit so i sold everything.i wish i didnt though haha. im looking for a dip entry around 14-16 in the near future. i hope it hits, if not its fine. always more opportunities !
