RIOT Wave 3 Begun?NASDAQ:RIOT appears to be in wave III with wave II bottoming at the High Volume Node (HVN) support and daily 200EMA.
The first target is the HVN resistance and R3 pivot at $18.67 but if the count is correct we should extend above that. RSI is sitting comfortably with room to grow.
Analysis is invalidated below wave II, $10.50.
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AP4N trade ideas
RIOT — Demand Zone Reclaim + Flag SetupRIOT broke monthly structure in 2021 and retraced deep into demand, where it found a base and showed a change of character. Since then, price has been consolidating in a flag pattern, compressing after the shift. A fair value gap was created and later mitigated, adding weight to the structure. While RIOT has been showing some decoupling from Bitcoin, the technicals alone suggest it’s worth keeping on the radar. With crypto seasonality approaching, any sector-wide strength could still spill over here, making this setup one to watch closely.
Not financial advice, just how I see it.
RIOT: messed up EW count, but making higher high and higher lowRIOT EW count hasn't been easy. The impulses are not quite clean; the corrections are too deep for comfort. But as long as price is making higher highs and higher lows, I will stay on that direction. The concern is the overlapping impulses. Either RIOT will explode with a series of wave 3s or we have a tricky count with creative fitting of waves. Until price falls below $13.59 in the next day or 2, I can't fit a diagonal count either. I already took profit today and will hold the rest with a stop right below $13.59 and let this play out longer to see if a clearer EW count appears. Ideally, want to see price above $15.34 to somewhat confidently say we have a full 5 waves sequence.
RIOT / 3hNASDAQ:RIOT is retracing sharply in Wave iv(circled) within the advance of Minor Wave 5, which has been unfolding as an Ending Expanding Diagonal since early August.
📈 🎬 A surge above 15.34 would likely mark Intermediate Wave (1).
Upon completion of Minor Wave 5, the Leading Diagonal as Wave (1) will be confirmed as a potentially bullish initiating structure within the broader Primary Uptrend — 🎬 setting the stage for a corrective retracement 📉 in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
RIOT / 4hNASDAQ:RIOT posted a modest 1.8% gain today, maintaining its position around the midline of the projected Minor Wave 5 advance — keeping the near-term bullish structure intact .
📈 🎬 >> In line with the bullish scenario, the structure is progressing step by step toward completing the projected initial leg of a Primary-degree uptrend. A surge above 15.34 would technically validate the Leading Diagonal in Intermediate Wave (1) as a completed structure , potentially confirming the onset of a broader bullish trend. Based on current technical analysis, the projected advance for Minor Wave 5 stands at approximately 72%.
📉 🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC $BTCMining $BitcoinMining BITSTAMP:BTCUSD
RIOT Continues wave 3.NASDAQ:RIOT is moving well in wave 3 after price completed wave 2 at the triple support -0.5 Fibonacci retracement, High Volume Node (HVN) and daily 20EMA.
Fibonacci extension targets for wave 3 are minimum $45.17, which falls in line with wave 4 retesting the High Volume Node resistance as support at $34.
Daily RSI will put in bearish divergence if we continue higher today so watch out for that. An initial rejection or consolidation at $18 HVN is expected.
Analysis invalidated below $10.5
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#RIOT and the miners pumping = AltseasonThe Bitcoin miners have quietly entered a Bull market since April, without much attention.
This indicates that investors are looking for additional risk beyond #BTC as they prepare for an exciting Altseason.
Their reasoning might arise from the perception that Bitcoin can provide only a limited return going forward based on its current point in the cycle and the outsized returns it has already delivered over $100K+ per coin from the low 3 years ago.
As you can see, RIOT has recently broken out of an inverse head and shoulders pattern against Bitcoin dominance.
Historically, when this pattern has emerged in the previous two cycles, the logarithmic target has been achieved and even exceeded, coinciding with strong altcoin performance.
We have much to look forward to in the upcoming months.
RIOT / 3h📊 Technical Update
NASDAQ:RIOT posted a 13% gain today, bringing the total rally to 21% within the projected advance zone of Minute Wave v(circled)—as depicted in the 3H frame analyses updated since Sept. 4.
📈🎬 Wave Analysis
Following an Expanded Flat as a pullback in Wave iv(circled), impulsive Wave (v) is unfolding—potentially extending toward the 16.17 next target.
A breakout above 📈15.34 would technically confirm the completion of Intermediate Wave (1) as a Leading Expanding Diagonal. Notably, within this expanding bullish structure, a continued parabolic surge toward higher levels remains a likely prospect—before setting the stage for an equal-degree correction in Wave (2), which could present potential re-entry setups aligned with the broader bullish primary trend.
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NASDAQ:RIOT CRYPTOCAP:BTC BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
RIOT / 3hNASDAQ:RIOT continues to retrace in Wave iv(circled) of Minor 5, which has been unfolding as an Expanding Ending Diagonal since early August.
A further decline of just 7.4% would confirm the structure of Minor Wave 5 as the final advance, unfolding as an ending diagonal within the broader Leading Diagonal as Intermediate Wave (1).
📈🎬 After completion of the retracement in Wave iv(circled), surging above 15.34 in Wave v(circled) of Minor Wave 5 would likely mark Intermediate Wave (1).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
NASDAQ:RIOT MARKETSCOM:BITCOIN CRYPTOCAP:BTC BITSTAMP:BTCUSD
RIOT / 4hNASDAQ:RIOT continued its intraday rise, albeit modestly, reaching the midline of the projected advance before closing just below it by day's end.
📈🎬 In line with the bullish scenario, the structure is progressing step by step toward completing the projected initial leg of a Primary-degree uptrend. A surge above 15.34 would technically validate the Leading Diagonal in Intermediate Wave (1) as a completed structure, potentially confirming the onset of a broader bullish trend. Based on current technical analysis, the projected advance for Minor Wave 5 stands at approximately 72%.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC $BTCMining $BitcoinMining BITSTAMP:BTCUSD
RIOT / 4hAccording to the prior analysis, NASDAQ:RIOT continued its advance with a 3% gain today, closing above the previous 4th Wave gap zone and near the midline of the thorough projected advance — all aligns with the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final leg of Intermediate Wave (1).
📈🎬 >> This price action adds conviction to the bullish scenario, indicating that the structure is maturing and approaching completion of the projected initial leg within a Primary degree uptrend. A surge above 15.34 would technically mark the completion of the leading diagonal in Intermediate Wave (1) , potentially confirming the onset of a broader bullish uptrend.
🎯 The projected advance for Minor Wave 5 stands at 72% , based on current technical analysis.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC $BTCMining $BitcoinMining BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
$RIOT Making Moves!NASDAQ:RIOT found support at the areas mentioned last week, the weekly pivot and 200EMA.
Wave (ii) ended at the golden pocket and High Volume node support.
Retesting the descending channel resistance upper boundary again will be the 5th test and a very high probability breakout. This would bring up the first target resistance of the wave (I) swing high and High Volume Node $20.5 followed by $40.
Weekly RSI did hit overbought but this can take months to pay play out and there is no divergence!
Analysis is invalidated below $6.33.
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RIOT / 4hAccording to the prior analysis, NASDAQ:RIOT surged 12% intraday in an impulsive rise, closing with a 7.7% gain above the August consolidation zone — further reinforcing the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final advance of Intermediate Wave (1).
📈🎬 >> This price action adds conviction to the bullish scenario, indicating that the structure is maturing and approaching completion of the projected initial leg within a Primary degree uptrend. A surge above 15.34 would mark the completion of the leading diagonal in Intermediate Wave (1), potentially confirming the onset of a broader bullish uptrend.
🎯The projected advance for Minor Wave 5 stands at 72% , based on current technical analysis.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BitcoinMining #BTCUSD
RIOT / 4hNASDAQ:RIOT surged 4.7% today, closing above the August high , and reinforcing the outlook for continued upside in Minor Wave 5 of the leading diagonal, unfolding as the final segment of Intermediate Wave (1).
This price action raises confidence in the bullish scenario, suggesting that the structure is maturing and approaching the completion of the initial leg within a broader uptrend.
🎯 Technical Target remains unchanged: 17.05
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will be firmly established as a potentially bullish structure, setting the stage for a corrective retracement in Intermediate Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC $BTCMining MARKETSCOM:BITCOIN $BitcoinMining
RIOT / 4hNASDAQ:RIOT opened precisely at the diagonal boundary line today and surged 11.78% during the initial trading session. This impulsive move reinforces the case for continued upside in Minor Wave 5 of the leading diagonal , unfolding as the final segment of Intermediate Wave (1) . The price action boosts confidence in the bullish scenario, suggesting the structure is maturing and nearing completion of the initial leg in a broader uptrend.
🎯 The Technical Target >> 17.05
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern will likely be confirmed with high confidence, setting the stage for an Intermediate-degree corrective retracement in Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
RIOT: In a do or die situation again!RIOT is still trying to recover from the July 25th fall off the cliff. At the moment, the consolidation is looking rather sluggish and difficult to get a clear five moves up. The minuatte degree wave 4 is much larger than minuatte wave 2. However, minuatte wave 3 subdivision has a subminuatte wave 2 much larger than subminuatte wave 4. So, we can chalk this anomaly as an alternation of size. Right now, the focus in the last low. If $10.59 breaks down, then this wave 4 will most likely get invalidated and $15.34 will most likely be some kind of 3 wave top. It could be a leading diagonal, could be some kind of B or X wave or be a number of things. Breaking below $10.38 will be a confirmation that any hope of a wave 5 is gone. If that happens, then depending on how BTC acts for the next 3 months, we would either see a C wave up in RIOT and then a fall, or a continuation of dumpage activities back to the bottom of the channel.
Alternatively, If RIOT and BTC can manage to keep the last low intact and somehow pull themselves out from the gutter, then we can expect RIOT to challenge the 2024 highs. If RIOT can manage to do that, then the next correction will most On Friday I got back in with a very close stop loss at $10.5. Next week will be do or die for RIOT and BTC.
RIOT / 4hNASDAQ:RIOT has been consolidating since last week, holding slightly above the boundary of the potential leading diagonal. This price behaviour suggests that Minor Wave 5—the final leg of the diagonal structure and likely the concluding advance of Intermediate Wave (1)—remains in progress and appears to be approximately 50% structurally complete .
The ongoing support along the diagonal boundary line reinforces the likelihood of continued upside, strengthening the bullish scenario as the structure matures.
📉🎬 >> Upon completion of Minor Wave 5, the leading diagonal pattern would likely be confirmed with high confidence, setting the stage for an Intermediate-degree corrective retracement in Wave (2).
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTCUSD
NASDAQ:RIOT CRYPTOCAP:BTC BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
RIOT – Breakout Loading?RIOT is grinding higher from its $6.19 June low and is now pressing against a long-term downtrend line near $13. A clean breakout above $13.09 could open the way to $15.34 and the key $15.87 resistance. Support sits at $11.44, with the rising trendline keeping bulls in control. Watching for a volume surge to confirm the move.
RIOT / 4hNASDAQ:RIOT gained 5.7% today, reinforcing the bullish scenario outlined in prior analyses. Current price action suggests that Minor Wave 5—the final leg of a potential leading diagonal—is actively unfolding and would be approximately 50% structurally complete.
Upon completion of Minor Wave 5, the leading diagonal pattern will be highly confirmed, then followed by a same-degree corrective retracement, which would further support the bullish case for a sustained long-term uptrend.
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTCUSD
NASDAQ:RIOT MARKETSCOM:BITCOIN CRYPTOCAP:BTC BITSTAMP:BTCUSD
RIOT / 4hNASDAQ:RIOT appears to be developing the first wave of a broader uptrend in the form of a Leading Diagonal in Intermediate wave (1), signaling the early stages of a larger bullish structure at Primary degree.
Within this pattern, Minor wave 5 may have begun and is poised for an impending advance of approximately 53%, which would complete the diagonal and further reinforce the long-term uptrend.
NASDAQ:RIOT CRYPTOCAP:BTC BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
ConsolidationRIOT is consolidating around the 50 EMA.
The last two pull backs to 50 EMA were very bullish. RIOT is also on a trendline. If RIOT breaks upward price may target the 21 EMA 12.20, If price breaks downward; price may target the 50 EMA 10.33 and possibly the 9.00 area by the Demand Zone. Please be careful, and watch out for fakeouts.
$RIOT retracement near completion?Riot appears to have completed a wave 1 and almost finished its wave 2 retracement with 1 more push lower expected.
Price is just above the daily 200EMA, golden pocket Fibonacci retracement with daily RSI approaching oversold! This are should offer strong support.
Price sitting just below the weekly pivot and 200EMA which offers additional support in this area.
Bitcoin stocks have all had a decent retracement causing me to upgrade my Elliot Wave count to a completed macro wave 1 with wave 2 now underway, suggesting the best returns are still to come over the next months for this category asset class in wave 3!
Analysis is invalidated if we go to new highs above $15.3 or lose $6.18
New long signals are certainly building in the DEMA PBR and Price Action strategies so keep an eye out on the Trade Signals Substack as we have made very good profits lately in these markets!
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