The bounce upward this week is looking choppy and corrective, keeping the bearish count alive. If this path continues next week, we should see heavy resistance between $12 and $13. The leg down afterwards should be the last leg on this downside, and we should see the entire crypto market come alive with intense impulsive drive when that is done. Right now, if we...
Riot Platforms Inc is a bitcoin mining company. Its stock price positively correlated with bitcoin price. When bitcoin is up miners sell less btc to support operations. Therefore, they get to keep more btc in their balance sheet.
Riot Bullish I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
RIOT is going through a major rout right now. It has fallen much harder compared to BTC. At this point we should see at least a relief rally for both. Current price action looks like a larger wave C is playing out. However, we cannot completely discount the bullish case. The way to identify would be the pace and strength of the next move. If we see a choppy wave 4...
Updating our stance on HUT 8 . Looks like a massive HTF Flat correction. LMK your thoughts please.
The performance over recent months as we enter a new CRYPTOCAP:BTC bull cycle (RELEVANT & recent timeframe) NASDAQ:CLSK - 307%+ since Dec 2022 NASDAQ:CIFR - 485%+ since Dec 2022 NASDAQ:MAR - 4,729%+ since Mar 2020 NASDAQ:RIOT - 1824%+ since Mar 2020 Keep an eye on who is holding the 200 day and who holds diagonal support PUKC
Bitcoin saw a nasty Daily topping tail on volume. So far it appears the ETF news is a sell the news event. Despite BTC selling off slighlty the decline really wasnt all that bad respectively. Compared to some of the equity market signals we got in the crypto stocks today. The likes of Coin, Mara, MSTR, WULF, RIOT...all saw some nasty daily reversal signals....
You tell me? Do you think #Bitcoin will cross $100k this cycle or not? If it does , why wouldn't our miners create parabolic tops in new All time high territory? Good luck in your speculations.
Just check it out, massive point for NASDAQ:RIOT to break out and rip, paired w/ the halving we are def in for a ride so lets see if it can break this channel and really kick it upwards.
We are long after the backtest of the breakout pattern and the key level. The targets are clearly defined, however, if one was to go for the third take profit only they could have their stop loss below the last low at 8.6. Happy trading!
Hello Traders, Lets dive into this . Pay attention. - **Market's Pulse:** ETH's price is the heartbeat of market sentiment. Rising? The market's optimistic about Ethereum's future. Falling? Time for a closer look. - **Ethereum's Weight in Crypto:** Think of ETH's price as a measure of its clout in the crypto world. Higher price, bigger footprint. - **Smart...
... for a 3.60 credit. Comments: High IV/IVR (115.3%/36.3%). Looking for this to "behave" between the 11.40 and 18.60 break evens for a few weeks ... . Metrics: Max Profit: 3.60 ($360)/contract Profit at 25% Max: .90 ($90) Buying Power Effect: 3.40 ($340)/contract ROC as a Function of Buying Power Effect at 25% Max: 26.5% Break Evens: 11.40/18.60 Delta/Theta:...
Since the beginning of 2023, the price of Bitcoin has risen significantly relative to other asset classes, demonstrating once again to Wall Street that “digital gold” should not be discounted even despite legal battles with FTX and Binance. Moreover, in recent weeks, we have seen strong momentum in Bitcoin, bouncing off support with ease even in the face of...
Check out the chart it isn't too much but if you were trying to capitalize on NASDAQ:RIOT or NASDAQ:MARA this pullback looks like a nice spot to do it, i am personally observing the price while being in two longer trades until April but i'm looking to snag some more profit off of BITSTAMP:BTCUSD by capturing it through NASDAQ:RIOT or NASDAQ:MARA , so...
RIOt has great rally off the lows. Favoring 1 last leg higher, however targets were reached. We will see how the pullback plays out, if remains above the previous low of $5.16 where we labelled it as wave (ii), we can go long with a stop loss just below that low. Theress 3 nice gaps clearly visible below HKEX:9 , HKEX:8 & HKEX:7 ; so those are areas we can...
RIOT price action has been interesting. The choppy action in the month of October has kept me out of a trade but, the November pump has made things a bit awkward. From EW perspective, I have 2 possible counts that are high probability. I have changed some degree of labeling from my last post, but overall, it's the same idea. Option 1: Bearish idea that we are...
Video Analysis on RIOT Blockchain. Higher Time Frame post BTC 1/2ing cycle.
Crypto stocks are on the move, and Riot Blockchain (RIOT) is setting up for a potential breakout buy here. The stock carries a relative strength rating of 98/100, putting it in the top 2% of stocks based on performance. Crypto and digital payment companies was the top-performing sector over the last 2 months and ranked 2nd over the last 3 months. In other words,...