On the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include:
Not gonna happen. RIOT has always been a bogus company switching its mission to the latest hot trend. Look up its history. Fascinating. The latest RIOT transformation was bitcoin mining. Folks that wanted crypto exposure without crypto accounts used RIOT, MARA etc. That is now history. With the new ETFs the case for RIOT/MARA is gone.
dwk8081
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@bjorn2z, you have no idea what your talking about.
bjorn2z
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@dwk8081, In the past one-month bitcoin is up 5% and RIOT is down 20%, and there are at least 10 people who seem to agree with my research of RIOT's history. If I don't know what I am talking about please educate me why RIOT is a good idea fundamentally or technically. I am always willing to learn. Thanks in advance for any substance you are going to share with us.
my man is back with ambitious targets :D before the ETF it's probable, but look at large money leaving miners and pouring into IBIT and GBTC, RIOT & MARA seems to be out of vogue for a long time. Not to mention everytime the stocks are about to break bull, they announce billions of dilution
ArtfulDodger1974
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@louistran_016, hey, only a chart matters. None of these things will affect the price. 😁
The real idea is here to buy and trade the next 25-30% pump. Which he will. So you can make money here, just don't hold the bags after everyone sells.
foreignMeerkat66130
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This is a generational buying opportunity
brockdisciple
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Let’s do this. I’m in heavy
nen
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let's see the riot touch 16 first without worries.
without_worries
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@nen, yes 16 would be a break of local resistance. The difference between 11 and 16 is small potatoes considering the target. Not even a rounding error.
The latest RIOT transformation was bitcoin mining. Folks that wanted crypto exposure without crypto accounts used RIOT, MARA etc.
That is now history. With the new ETFs the case for RIOT/MARA is gone.