$RIOT - Log view Not recommending buy or sell,
Just a technical viewpoint.
Very very risky (RSI overbought).
RIOT trade ideas
RIOT at the bottom of the bullish trendlineClosely observing this level - breaking it will imply at least a short term trend reversal, bounce will increase the possibility the stock be driven to even higher highs.
$RIOT | I predict a riot. Target $70 by June?NASDAQ:RIOT
Riding the Bitcoin wave. RIOT blockchain looking to approach some key levels. A break of the most recent high will confirm quite a nice uptrend and continued break out. Quite nice for some June calls
Uber bullish channelA new, super aggressive bullish channel has been formed and I will closely observe its top and bottom levels. In the short run I think we are all set to go parabolic, however this - as all parabolic moves (apart from TSLA) - is bound to be broken eventually, the question is only when. I might reap my LEAP rewards once the channel is broken and re-enter later, but I'm not sure yet.
However, RIOT is proving to be a beast.
RIOT LongI'm fairly new at this been trying to analyze my own stock charts I usually look at others from tradingview first then go analyze on my own but this one I did completely on my own and just want some feed back from anyone that shares the same passion to see if I did anything right or even better if I did anything wrong so I can grow from it. I highly appreciate your time and feedback
RIOT: UpdateHere's an updated chart for RIOT, trimmed my position today at $24.50 from $16.88 earlier this week for a quick 45% profit
BTC is looking really hot so I think the momentum could push this to $28, but I will have fully exited my position by that price. I will wait to buy shares for the long-term when I hear news about ant miner deliveries and future orders, plus I want to see some guidance or business updates before making a choice to go long (I believe we will see an equity offering soon)
Top of the bullish channelWell, it can only either break through or bounce off of it towards the bottom of the channel - just wanted to point out that we have reached an interesting point. I'm expecting a bounce but holding my leap. Holding it until BTC reaches 100k.
RIOT BlockchainYellow lines as targets. Think Long
Not advice. Weekly RSi is oversold so could retrace hard.
Oups , this looks badSo now that BIT is ATH again at 28K$, Mara is not moving that much (13ish) and RIOT is at 16.
But the chart show otherwise in regard to the trending in coming days. It may very well drop to at least 14. Many, including myself are extremely disappointed, for we expected a Xmas surprise like around 20, as we men have no patience ...
At the meantime it is impossible to see further road for both MARA and RIOT on charts...but we can see how far RIOT can drop if BITCOIN drops. 14 USD
Now, maybe some FOMO buyers are not doing much but eating?
Riot Bitcoin dynamic duoOk so I’ve been looking at the chart and there seems to be a correlation to riots price and Bitcoin, are we expecting to look at a $20 price target for riot on the market this week since Bitcoin is at it’s ath at 33,000. Also does anyone think their will be a massive 40-60% Bitcoin sell off that could cause riot to also come crashing down?
Expect RIOT to gap up. Bitcoin made a nice move up and RIOT in my mind will follow. RIOT and MARA are correlated with bitcoin and expect a move up for both MARA and RIOT. Putting a 20 dollar price target on RIOT.
RIOT BLOCKCHAIN - 1D CHART ANALYSISHello and Merry Christmas Everyone! Please watch the video and feel free to let us know your thoughts and opinion in the comments below.
RIOT heading into next yearWe have a gap at $11 after having a strong week, we broke the $15 and retested it and failed multiple times to hold $15 as a support. Yesterday we dropped to $13 and for another attempt at $15. We saw a slight moment of a retest before getting a strong rejection into closing and after hours. Today riot retested $15 and failed once again leading to a mass sell off.
Target is $11.
Closed long's at $15.48 opened $8.30 $3 calls
Resistance being metI would be very cautious into the new year with this stock. Looking into the gains we are seeing it will be difficult to move out of these resistance bands as we have met some heavy resistance since falling off of average volume today.
I was stupid to sell this a few days ago, but taking any form of profit is never stupid. Realize your gains at this point and take at least 25% of your chips off the table until we meet another buy spot.
Long term this is still running its course and will look to gain more, however over the next week or two I think we could see a few red days if Bitcoin decides to take a dive.
RIOT: The ultimate guideUnfortunately I had a sell limit at $11.50 that triggered the other week and I'm really regretful because I have conviction in this company. As a result of this unfortunate event, I've decided to share my ultimate breakdown of this company looking forward, I truly believe in this company & hope to inspire some other investors to take a look and buy some :)
The Model
Although Riot is nothing like IIPR, they are in fact very similar. I'm talking about their business models! I'm unsure if a name exists for what I'm about to explain, however for simplicity I like to call it The Perpetual Asset Model.
This model consists of a few steps which are the basis for the growth and allow the company to rapidly expand operations and thus increase both vAssets and vEquity without the need for debt financing. The steps are as follows and are very simple to understand:
(1) Issue equity to raise capital
(2) Use capital for OPEX (e.g., buying ant miners, or property in the case of IIPR)
(3) Seek a tangible ROI (e.g., +mining bitcoin, or rent in the case of IIPR)
Riot can increase the vAssets by issuing equity to buy more ant miners and mine more bitcoin. Usually issuing equity is not good for shareholders (duh) because it dilutes the value per shares. However, there is more than meets the eye, I used the word perpetual in the model's name, lets understand why:
As Riot increases its hash rate with more ant miners, it'll be able to mine more bitcoin and therefore generate more profit, so the reason this model is perpetual lies in the value of bitcoin. If the value of bitcoin (an asset on their balance sheet) increases faster than the equity dilution deteriorates share price, then equity will actually rise in value instead of fall. I used IIPR as an example because the property they buy with cash raised from equity offerings goes towards property that both generates income and appreciates in value (they also sign a 4% annual rent increase YoY with tenants).
So the perpetual nature of this model is a function of bitcoin's value. As bitcoin increases in value and Riot issues more equity to increase mining capability, it'll eventually be able to self-sustain OPEX by (1) mining more bitcoin, (2) selling bitcoin as it increases in value, and (3) using these funds to further grow its operational output, just like IIPR is doing (except their bitcoin is the rent increase YoY + property appreciation equivalent).
In short:
- The assets on their balance sheet will eventually be fully self-funded solely by the appreciation of bitcoin
- Early on, if Riot keeps X% of the bitcoin they mine and issues equity to fund operational expansion (increase mining capabilities), and if bitcoin does keep increasing in value, they'll eventually hit a point where:
PV future profits from increase in mining capabilities > funds received from equity issuance
And therefore, in theory, they'll eventually mine enough bitcoin and have enough on their balance sheet to fully self-fund operations
I hope you all enjoyed this, just me geeking out on some corporate finance stuff (haha), I will be repurchasing Riot very soon, leave me a comment or question, would love to answer! And don't forget to like!
RIOT reversal ready?!Sitting nicely on the point of control volume shelf which is also the 61.8% on the fib retrace. TTM Squeeze and MACD's setting up to the upside.
