Rikity

Rikity

Crypto is pretty weak right now. It could go sideways from here. I'm not even considering to buy anything until we trend sideways or go down to the 22k-24k BTC

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Bull Pennant Formation. I've been doing covered calls, on the pullback today I bought them back, I'm looking to re-establish them possibly by Friday this week. I'm just sitting on shares at this point. I think we're going to break out of the pennant formation and step up above the level we've been bound in which was about 53-65 range. Looking for a break...

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I want to note the trendline there has been adjusted twice, this break with the close below is different. The bottom then the first pullback were pretty far apart, they are getting closer together now. That trendline IMO is no longer in tact. Real weakness is surfacing now. The FED hinted at doing something no sooner than 2 years from now and the market...

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Updated some zones and the trendline. I sold some premium here a little below the current price. This looks like a nice setup to the upside

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Anyone thats a fan of BTC knows of Michael Saylor and they know that this is his company and he basically is the biggest bitcoin bull there is. This stock has a heavy correlation with BTC because of their holdings and moves more tightly with it. Because I dont think we are going below 60k again on BTC and we recently had a buy up and pull back. This in my...

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Its following this trendline to an extent more than its created volume zones and resistance levels. Sure it plays along with BTC movement some because they are a miner but as long as it continues to follow the trendline its not too horrible of an idea to go long when it gets close to it. Give yourself a couple weeks of time on your trades though, no 1 week...

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I've been following RIOT for a few months now. Initially it was moving hand in hand as BTC did, but it broke away from that and went off on its own. Its really just trading in a range now with some influence of what BTC is doing. One thing that I've noticed on this company compared to others is they put out very little info in the way of news. We only really...

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3rd test of the previous high zone .24 to .27 The target price that needs to be beat is the .27 all time high. Looks like its making another move at it. Lets see if it goes this time or backs off to continue sideways

Rikity Updated 

I'm of course still bullish as usual but we could be headed to $43 trendline, who knows if that holds too.. However, earnings report should happen today after close

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We're back in a range again, getting repelled by the $68 level. We need a close above here to move on.

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Well, the zone that was generated a while back caught the falling dagger for now. I cant say it wont proceed down. However, we do have a handle if we get a bounce back up from here, and that means bullish.

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Personally I dont grant a lot of weight to chart patterns on crypto assets, but they are all based on buying and selling patterns so it does still apply. This coin is for the crypto.com exchange, one cool thing they offer is a VISA card to spend crypto. Binance, a larger exchange does as well. Going forward though, they do have a better domain name than...

Rikity Updated 

I neutralized my longs, we are having trouble getting higher right now. Not saying we are going to fall out of bed today but its looking like we might have a pullback in the works a few bucks. Ideally I think a pullback to $55 would be healthy and set us up to push through $70 next week

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BTC has broken all time high, RIOT isnt following step by step but we do need to close above $60 to break out of this range

Rikity Updated 

We have a great basing pattern here, you can also look back at the one from a couple months ago and the result of that. We fill this gap and its a nice bowl or cup shaped consolidation and buying pattern, if we get a pullback from the $58k level and a retest, then we have the Cup and Handle. The timeframe is looking like 4 to 10 days to break above $58k and...

Rikity Updated 

I've been sitting on the sidelines, thought $40 was a good buy point and got back in some. Went down to $34, looks like that zone bottoms at $33. If it breaks below that level who knows where the bottom is, $27, $21 then $14 worst case scenario. We do have to consider market conditions on this selloff, its a bloodbath out there right now. I'm long RIOT from...

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The trendline from the COVID low of last year to the lowest pullbacks after was breached. We of course use the swing out method and re-establish the trend when it finds a bottom this time, the next support line is about 3680 from January, there was a lot of volume at that range. If we punch trough that, 3600 could be the next stop. This is a strong selloff...

Rikity Updated 

I wanted to point out some volume observations compared to previous selloffs. This could be end of month action along with other catalysts. Next week I think will tell us more about this move, is it the start of a larger one down or is it temporary? The volume the last few days on the sell side is showing to be fairly strong. There are a few market...