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:
1) Price action and RSI resistance breakouts.
2) Price action confirms trend reversal. Higher highs higher lows.
3) Price action confirms support on past resistance. (Green bar).
4) The inverse head &...
Been buying shares of RIOT, and will continue to add shares anytime this gets in the 9s. After a couple bad years of production, RIOT's new Corsicana facility is energizing and the new miners will boost hashrate and increase efficiency. Oh, and lets not forget the 8500 Bitcoin on the balance sheet and positive earnings. RIOT has been undervalued for too long!
As...
Long on NASDAQ:RIOT
Short-Term Price Targets:
By Friday (May 17) or Following Monday: $11.50 to $12
Early June: $14
Early to Mid-June: $16
Technical Analysis and Key Indicators
Support and Resistance Levels
Immediate Resistance: $11.50 to $12
Next Resistance: $14
Upper Resistance: $16
Chart Patterns and Technical Indicators
Moving Averages:
Check the 50-day and...
RIOT Games is bullish and winding up, Bitcoin still needs at a minimum FWB:67K up to FWB:73K (double top zone) based on technical indications.
RIOT should follow suite and once we break $10 psych
As soon as everyone calls bearish and doom, I don't just get emotional I get technical, like a ninja!
Let's Go!
The miners have had an absolute face ripper rally over the last few months pending an ETF approval, which was finally received. Perhaps not as well as some may have thought.
Due to popular request I have created some zones for where I believe RIOT will likely pullback to after a nice impulse move.
Now RIOT is a bit different from MARA in the case that the .618...
As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term.
I still...
Check out my analysis on RIOT Blockchain and Bitcoin! I'm bullish on both assets, expecting a breakout to $73-$75k for Bitcoin and a target of $14 for RIOT within 1 to 2 weeks.
RIOT Chart looking pretty good when you look at the greater picture.
Don't think we quite make it to Mars on RIOT.
Dogecoin, probably.
Yes the smaller moves are not really covered on this chart.
But also, this is a key zone for RIOT on the weekly chart.
IT goes back quite far.
Put/Call info below.
rejection trends in red.
support trends in green.
price zones...
Staying with bearish count until price can break above $18.36. Since BTC is pumping, would expect some more gains for RIOT next week, but don't expect much at the moment. The earnings were good and company is doing a lot of right things to become the leading name in mining. There is an inverse head and shoulders patter forming. I have taken a small position at...
Bullish on RIOT: Diamonds Everywhere!
Late Day and 1 Week Rally Inbound
Short Term Target: $11 | Intermediate Next Week Target: $14+
The cryptocurrency market is heating up, and RIOT Blockchain Inc. (NASDAQ: RIOT) is poised to shine brightly. Here's why I'm bullish on RIOT for the short term:
1. Bitcoin Momentum:
Bitcoin (BTC) is witnessing renewed momentum,...
Hello everyone
I could not realize that why Moderator marked my last RIOT idea as an "understandable idea" and how much I tried to get the reason or feedback I did not get any answer but I respect to his decision (He know the charts better than me).
I have waited for this symbol for a long time and I hope to get a good position (If confirmed), so you can follow me...
Riot blockchain was able to post a great Q1 earnings report which is bullish for the stock. It has currently printed what I believe to be an inverted H&S on the daily timeframe.
Here’s my observation: the mining company might not be able to generate substantial revenue going forward. This is because once the halving occurs, the rewards for each block are halved. Moreover, if they continue mining with their current equipment, it may no longer be profitable unless they increase the hash rate. However, this will incur additional costs for...
riot wedge as bitcoin double bottoms!"Riot forming a wedge pattern as Bitcoin double bottoms. The wedge suggests a bullish breakout towards $11 and beyond."
I know everyone is bullish BTC and miners here, but the charts still don't look great even after the bounce.
I think what's most likely from here is that we sweep the lows before getting a sustained trend higher.
We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the...
