I am heavily expecting riot to go back to 20$ here in this whip saw market. Many levered bets were likely flushed out here. My first short-term bearish target was hit and we came VERY close to 15$ flat as well. I think we are looking between 18.50$ and 20.9$.
I am expecting one of my larger bags (riot) to hit about 20$ before the next correction. Riot and Mara have been on absolute tears lately. My theory that Bitcoin related stocks precede Bitcoin price action has been proven true the past few weeks. A correction to the dashed red would be optimal, although Riot likes to overreact in each direction. A more bearish...
Crypto is gaining sentiment while market front runs rate cuts pricing in 4-5 cuts. Now earnings of companies in NASDAQ who is entangled with crypto holdings and institutions recover from the FTX debacle. MicroStrategy's SAYLOR, sees BTC higher with April halving on top 2-10X increase in demand (he implies from ETF crypto filings, pending SEC decisions, he said...
You tell me?
Do you think #Bitcoin will cross $100k this cycle or not?
If it does , why wouldn't our miners create parabolic tops in new All time high territory?
Good luck in your speculations.
Just check it out, massive point for NASDAQ:RIOT to break out and rip, paired w/ the halving we are def in for a ride so lets see if it can break this channel and really kick it upwards.
We are long after the backtest of the breakout pattern and the key level.
The targets are clearly defined, however, if one was to go for the third take profit only they could have their stop loss below the last low at 8.6.
Happy trading!
... for a 3.60 credit.
Comments: High IV/IVR (115.3%/36.3%). Looking for this to "behave" between the 11.40 and 18.60 break evens for a few weeks ... .
Metrics:
Max Profit: 3.60 ($360)/contract
Profit at 25% Max: .90 ($90)
Buying Power Effect: 3.40 ($340)/contract
ROC as a Function of Buying Power Effect at 25% Max: 26.5%
Break Evens: 11.40/18.60
Delta/Theta:...
Today I snagged a few 10$ puts in Jan to defend my large bag of spot riot. I expect the stock to fall to around the circle area if BTC is to correct to 37/8k over the coming few weeks. This consolidation is needed as the market was pretty over heated. The emas are starting to coil downward, RSI momentum is broken, the Bollinger bands were way overheated. A nice...
RIOt has great rally off the lows.
Favoring 1 last leg higher, however targets were reached.
We will see how the pullback plays out, if remains above the previous low of $5.16 where we labelled it as wave (ii), we can go long with a stop loss just below that low.
Theress 3 nice gaps clearly visible below HKEX:9 , HKEX:8 & HKEX:7 ; so those are areas we can...
RIOT price action has been interesting. The choppy action in the month of October has kept me out of a trade but, the November pump has made things a bit awkward. From EW perspective, I have 2 possible counts that are high probability. I have changed some degree of labeling from my last post, but overall, it's the same idea.
Option 1: Bearish idea that we are...
HERE I AM CHARTING For Riot stock to end the year? and also projected area to pay attention to and conformations along the way to purchase stock, purchase options, or sell cash secured puts? which route makes the most money?
Bitcoin has moved a bunch whilst these stocks lagged. A big divergence in price appreciation. NDX is bottoming out. So is the S&P.. as long as bitcoin holds price up here these stocks could easily run 150% - my prediction is 25$ before a pull back to 15
Hello all just doing an update from my previous idea in October regarding NASDAQ:MARA & $RIOT.
In October I took 3x option contracts.
1x NASDAQ:MARA 4$ 19 APR 24 Call
2x NASDAQ:RIOT 5$ 19 APR 24 Call
Currently I have sold 1x RIOT Call for 1,010$ which was a 100% return almost returning me all of my initial entry, and I am still holding 1 of each,...
I have been watching RIOT for a long time. Obviously it is a great options play assuming the BTC ETF is approved. This thing will run like no other when BTC reaches a new ATH. Right now it is lagging behind and is providing one last chance before it really moves. NASDAQ:RIOT
Bitcoin HAS 18 MONTH HIGHS so it seems only right RIOT should be @ 18 month highs for that to happen we need another 70% But...... we have only one obstacle left that is a weak high made in April 2023 @ 14.24 i believe we will test that by midday Monday and break it by Tuesday i expect to be above 15$ by Friday .... conservatively
