CurrencyCapital

RIOT UP but sell the news on SEC ETF Review

Long
NASDAQ:RIOT   Riot Platforms, Inc.
Crypto universe bid on prospect of SEC ruling pluss seasonality pluss fiscal funds still being allocated and breadth minus spectacular seven leaves rest of S&P 500 (S&P493 lol) P/E ratio at about 15 times and that is a long term fair value. $4,200 is critical level right below 200DMA held the other day and Santa clause rally pluss Israeli/Hamas war seems "contained" at this point as Israel pauses for humanitarian purposes after Biden embraces fellow president Netanyahu in spite democrat division on the subject in spite historically supportive. A change in geopolitics, a break of the $4200 S&P critical "Put-Wall" level, and/or a news headline on a ruling from SEC on the Crypto ETF are all "sell-the-news" events, to be looking out for.
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