I believe that the most recent decline from 13 to 10 dollars is an impulse and that we have completed a zig-zag correction. An aggressive entry would be at the current price with a stop at the high. If you want to wait for confirmation, then a break below the current low at 10.50 will warrant a short trade entry.
Good Luck,
abardini
Good Luck,
abardini
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Price remains in a range. Waiting for a break lower. Patience.
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RIOT decided to make another move higher and start its decline from the .618
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Entry on the break of the lower line as previously stated.
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I took aggressive entries at the .618. Looking to enter more on the break of the lower line. Trade so far looks like it's setting up really well. target is 6 dollars.
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The next wave of decline has likely begun.
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Riot has opted to make a modest upward move, although my perspective remains heavily inclined towards a bearish count, expecting a more substantial and volatile continuation of downward momentum.
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Wave C looks complete here. I took some more put entries. the first target is 7.70. Thank y'all.
Wave C looks complete here. I took some more put entries. the first target is 7.70. Thank y'all.
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Once RIOT initiates a decline, it is anticipated to exhibit an unstoppable momentum in its sell-off. For those following my analysis, I suggest considering the 9-dollar call option expiring on 6/9, as it currently presents an enticing opportunity at an attractive price point. It is crucial to emphasize that I am not providing a signal service, and this should not be interpreted as financial advice. As always, exercise caution and approach investment decisions prudently.
Once RIOT initiates a decline, it is anticipated to exhibit an unstoppable momentum in its sell-off. For those following my analysis, I suggest considering the 9-dollar call option expiring on 6/9, as it currently presents an enticing opportunity at an attractive price point. It is crucial to emphasize that I am not providing a signal service, and this should not be interpreted as financial advice. As always, exercise caution and approach investment decisions prudently.
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^^^ I meant to write the "put" option not the "call" option, I apologize!
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Riot opted to make a modest move higher. BTC does not confirm this. Short is bias.
Riot opted to make a modest move higher. BTC does not confirm this. Short is bias.
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BTC squeeze while Riot pumps?!? Seems like optimism has plagued Riot.
BTC squeeze while Riot pumps?!? Seems like optimism has plagued Riot.
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Short is still biased. Riot is being held up by dumb money.
Short is still biased. Riot is being held up by dumb money.
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The breakout looks confirmed. watch for a possible retest of the structure before further breakdown.
Thanks yall.
The breakout looks confirmed. watch for a possible retest of the structure before further breakdown.
Thanks yall.
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This is our retest. watching for a continuation lower.
This is our retest. watching for a continuation lower.
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wave 2 could be complete here, or we could need a small push higher to complete our ABC for wave 2. either situation is valid.
wave 2 could be complete here, or we could need a small push higher to complete our ABC for wave 2. either situation is valid.
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we got our C leg this morning.
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BTC increased during the holiday weekend. RIOT traders FOMO'd hard this morning trying not to miss the next BTC moon rally. these pumps are indicative of wave 2 price behavior.
BTC increased during the holiday weekend. RIOT traders FOMO'd hard this morning trying not to miss the next BTC moon rally. these pumps are indicative of wave 2 price behavior.
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IF riot were to start pumping, I would likely flip long. as this would imply BTC is starting a new cycle higher. I do not believe this is the case. Although, it is something to watch for in the days ahead.
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If RIOT starts to break out further this would b the preferred count. I still heavily bias the red count. I do not see BTC extending its rally. If it happens, I will flip long on RIOT.
If RIOT starts to break out further this would b the preferred count. I still heavily bias the red count. I do not see BTC extending its rally. If it happens, I will flip long on RIOT.
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This chart pertains to the 4-hour time frame of BTC. Within this context, we can identify two potential wave counts, both suggesting the possibility of a parabolic move in either direction. Presently, BTC finds itself positioned near the .618 retracement level, with the potential for a further correction towards the 32k region. Such a correction would likely propel Riot's price above the $15 mark. The primary count, which has been the focal point of this analysis, maintains its prevailing bias. It is important to note that across the crypto landscape, there exists an overwhelming sense of optimism, spanning from bankers to enthusiasts of various cryptocurrencies. The pervasive desire for BTC to skyrocket and the fear of missing out (FOMO) prevalent among investors are influential factors at play. This sentiment has the potential to drive an extraordinary short-term pump or, alternatively, induce panic as FOMO transforms into the fear of losing money. Regardless, the prevailing setup suggests the emergence of a significant development on the horizon.
This chart pertains to the 4-hour time frame of BTC. Within this context, we can identify two potential wave counts, both suggesting the possibility of a parabolic move in either direction. Presently, BTC finds itself positioned near the .618 retracement level, with the potential for a further correction towards the 32k region. Such a correction would likely propel Riot's price above the $15 mark. The primary count, which has been the focal point of this analysis, maintains its prevailing bias. It is important to note that across the crypto landscape, there exists an overwhelming sense of optimism, spanning from bankers to enthusiasts of various cryptocurrencies. The pervasive desire for BTC to skyrocket and the fear of missing out (FOMO) prevalent among investors are influential factors at play. This sentiment has the potential to drive an extraordinary short-term pump or, alternatively, induce panic as FOMO transforms into the fear of losing money. Regardless, the prevailing setup suggests the emergence of a significant development on the horizon.
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I personally just entered some calls to offset possible put losses. This is not financial advice. Thanks yall.
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if the bull count is true we are likely to see a pump this week.
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If this bull count is true, watch for a PARABOLIC move higher.
If this bull count is true, watch for a PARABOLIC move higher.
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It was a long road to get here. Still short bias. Finally breaking supports. 9-8.80 first near-term target.
It was a long road to get here. Still short bias. Finally breaking supports. 9-8.80 first near-term target.
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this candle should cap the pullback. a continuation lower is expected for the rest of the week.
this candle should cap the pullback. a continuation lower is expected for the rest of the week.
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we should see a pretty intense decline tmr and Friday. Thanks, y'all.
we should see a pretty intense decline tmr and Friday. Thanks, y'all.
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Another small move higher was denied exactly on the .618. Short remains biased.
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Nothing new. Should see more development on the low side.
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RIOT doesn't make a new high as BTC sits at a new high.
RIOT doesn't make a new high as BTC sits at a new high.
FED meeting could provide the volatility we need for this breakdown. Time will tell. No trade is warranted as of yet.