ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna) Opportunities? Look...
Cryptocurrency bubble? When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality. It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow. The question...
3D and 4HR Timeframe for Analysis Seeing Riot in a Falling Wedge/ Cup and Handle Pattern. Watching 6.52 Zone as potential Support Area and have Identified 2 gaps, one above and one below
Looks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.
I would buy RIOT inside green box. This is a bitcoin mining company and has a 10X (or more) upside potential in the next bull run.
I believe we are seeing the BTCUSD bull wave finish and now the ABC correction begins. Embedded trading (slow stochastic above 80) is about to be lost and will likely fall. If it falls centerline then the ABC may terminate only half-back from the swing-high. If the slow stochastic enters below 30 then I think we could retest the prior lows ~19k BTCUSD and ~$5 on...
Riot Blockchain Short Term We look to Sell at 8.05 (stop at 8.90) Previous resistance located at 8.00. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 6.04 and 4.25...
Riot is currently targeting the upper trend line of its descending channel and is targeting $11-$12. I'm long on Riot until those price targets are reached. Waiting for a retest of the $5.50-$6 region to buy $6.50 calls for Riot with 8/19 expiration.
#Bitcoin #RIOT #RIOTBlockchain RIOT Blockchain as an equity relies heavily on BTC price movements. BTC looks like it's edging to move up any day now. RIOT, technically, looks like it could either break to the upside, or trade sideways pretty soon. Given my bullish stance on BTC, I have a bullish bias towards RIOT, even though, competing companies have found...
We are weeks away from a breakout potentially, and it all depends on daddy Bitcoin's movements.. but seeing this pattern forming .. Which is typically very bullish..
As long as bitcoin behaves and continues to make highs, RIOT looks like it'll break out anytime now. Bullish pendant + hidden divergence on Weekly = bullish. If BTC doesn't have a huge correction in coming weeks I could see this jump to 37$ (70% fib level), which would be a major resistance.
Free yourself from old ideas: think of another version of events.
As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
Riot Blockchain has been punished harshly over the last few months. Its common knowledge that Riot is closely correlated to both Tech Equities and Bitcoin. It is also effected by Crypto mining sentiment and macro factors. With this in mind I believe that this stock is greatly undervalued. I believed it was undervalued at $11-12 but macro-economic factors have...
Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated. > I Believe that an ascending support line has been tested multiple times but both Riot Blockchain and Bitcoin. > With the momentum driven by earnings season in the stock market providing significant upside...
On Friday, Riot broke a key support at $14 and is not trying to find support. The next support levels are all in the single digits. I do think the support at $9 will likely break and that we'll end up somewhere between $3-6. Let's see what happens in the coming weeks.
As many of my followers know, I am typically not one to talk about stocks (as my username indicates, I largely talk about cryptocurrencies). However, I do typically make exceptions when the stocks deal with crypto and/or blockchain. In this example, I want to call out the falling wedge that has occurred with RIOT blockchain. Since the all-time high (ATH) at the...