RIOTGap filled and not yet parabolic. If you get bored chasing TSLA - this could be the next YOLO play for the masses. I'm in 21JAN22 $3 Leaps so I can write against.
RIOT trade ideas
RIOT updateold my remaining shares today at $11.50, has a limit sell at the price and it got triggered.
For the coming month I'll mainly be playing options while the market rallies then I'll go back into swing trading a little more!
My options list:
$AMD above 98 (already in)
$CRM above 227
$ZM above 404
$BA below 219
$PLTR above 29 (already in)
RIOT BUY LONGThis particular stock shows signs of high institutional buy in, looking at the gap index compared to the stock's daily price movements.
Looking to break out of this patternWill most likely follow this pattern into the new year. Have reduced shares and will look to re-enter during the next bull run for bitcoin.
Staying within the uptrend channel.RIOT continues to stay within the uptrend channel. Chart Looks good and MACD looks ready to go green. Considered selling my position, but i believe RIOT and MARA will go higher with Bitcoin expected to hit 21k by the end of the year.
RIOT updateThe last 5 trading sessions that saw the price take a breather, or correction, have been on lower volume. Combined with bitcoin's choppiness, I believe this was nothing more than a shake down and people taking profit (as I have, I sold half my position).
I don't have a price target anymore because bitcoin could rally and cause this thing to fly beyond what I'm thinking
Nice Pattern into New Year!Ive resinded all of my shares and have taken a bit of a vacation with Cyberpunk coming out and will reenter on the next downward slope. I am hoping that we follow this trend to allow for an entry. However Bitcoin does not seem to be bouncing down right now and it is throwing this stock into a very good territory. Will revisit this stock in the coming weeks.
No price targets for me just yet. Stay tuned for another entry.
Riot staying with the wedge. RIOT is still within this uptrend, and i expect the uptrend to continue. Long term bullish on RIOT.
RIOT updateLittle update here:
(1) lower volume
(2) playing off both the 50ema and 1.618 Fibonacci line
(3) BTC consolidating (forming a base)
(4) market timing, every morning we're seeing distribution followed by accumulation, this has me believing we're in tax season (sell-off)
I'm a buyer at $8-8.20 or $7-7.50, depending on how the volume the picks up and dries up over the following few days, sitting on 30% cash and still need to sell my 1 loser. Fresh powder will get diploid when the price is right, patience!
RIOT is ready to GO down, but to where?Like Mara , Riot has a cap at 6.50... and Mara has filled its cap.
If bitcoin is cooling off, Riot might down to 6/7 area.
RIOT going back under 8 I hope this thing won't go down too deep
Bitcoin is cooling off too. But Riot had a great up trend , incredible.
The question is really when bitcoin can go over 20K?
The only miner that could outperform Bitcoin..!When I compared RIOT with Bitcoin, it is completely obvious that this Bitcoin miner has always outperform Bitcoin during bullish rallies!
I believe the next big market fever hovering around Bitcoin and it’s miners!
RIOT 11/23/2020RIOT seeing a huge rally due to BITCOIN rallying to all time high's as we approach December another a bull phase of BITCOIN we can expect RIOT to rally as well, Last Friday we had a great entry on RIOT @$5.80
RIOT opened today with a strong move up to $6.20 pushing all the way to $7 before seeing momentum and volume slow down.
Scenario A: RIOT see's another move up to $10, with our target $20 as that is All Time High in 2017 during the bitcoin bull phase.
Scenario B: RIOT has a pull back @$6 to fill the gap from the strong move we saw this morning
RIOT $15 target if BITCOIN stay's bullish
Acquire positions when RIOT dip's
Uptrend channel.RIOT looks to be in a bullish uptrend. Trend is your friend. As long as this stays within this channel we should see this pass 10 bucks. If it breaks the channel up that is good too. Im long term bullish on RIOT and MARA
$10.30 Sell Was NothingWe saw a pretty heavy sell off around $10.30-$10.35.
Dont stress this too much. Heavy red candles are the minefield we are dodging. The sell volume will be very erratic and irrational with us being above common supports here.
I would look to our previous high, which was a very long time ago however we must look to history to see where this rocket will land.
Will keep everyone updated with how opening goes on Monday. Looking for a slight pull back but hopefully nothing major.
Chip in when the consolidation pattern is about to end..!Reliable Trend + Bold bullish moves after every consolidation pattern..!
$10.50 TargetHoping to stay above our trend and break out of this triangle. We do that and its to the North Pole for Christmas.
RIOT critical breakthrough$9.34 a CRITICAL price pit based on the historic breakout also the top of both shoulders. Once we overcome this we will definitely be safe for a gap fill to $13.
I added another 120 shares at $9.14
RIOT updateStill going strong. Next stop will be $11-13 for a gap fill then maybe up from there. Stay vigilant however, I believe a market cap below $1B but above $600M is likely and discounts the future cash flows among growth opportunities accurately.
staying within the uptrend channel. RIOT seems to be staying within this uptrend channel. As long as it stays within this channel i am holding and will consider adding into my position.
RIOT is ready to GO, but to where?This is the current state of Riot, it is a Rocket ready to launch.
Yesterday was to buy the low, now it is closed and ready for take off.
Incredible...
Riot 8 but when? For Riot and Mara, they might have a small retracement as a result of Bitcoin thanksgiving selloff, which might forming a W double-down consolidation this week.
Hopefully for Riot, it would stop at 6.20 or 5.30 if so, otherwise it could be + - 4.70.
Frankly speaking the bull is running out of steams, maybe I am wrong, this week we might see 8 but I doubt further than that. I might sell my small shares at this level and "patiently" waiting for the next opportunity.
