RIOT has made a V recovery once again, making the bear case almost obsolete. The primary and secondary trendline resistance has been successfully broken and right on the third trendline resistance at the moment. Let's look at bull and bear case and see when to enter the rocket to the moon. Bull case: If this is the beginnings of intermediate wave 3, then the...
Which I think it will slice through! #Bitcoin miners tend to follow big technical patterns really well. From the top you can see the massive bear flag that lasted pretty much all of 2021 all whist in the bitcoin bull market and non conforming disappointing price action the secondary bear flag in 2022 that led to a precipitous drop and now there is a...
NASDAQ:WGMI NASDAQ:MARA NASDAQ:WULF NASDAQ:CLSK NASDAQ:NVDA So to keep in line with my new “printing money from Solar Energy” series, I came along this gem, an ETF w all of the Bitcoin Miners stocks. Any financial advisor will tell you an ETF is a great way to trade an entire industry/sector while reducing unsystematic risk, AKA reducing risk...
HUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or less parallel channel and testing the lower support trendline of that channel. The last trend down took about six weeks. A Fibonacci 50% retracement would take...
DISCLAIMER My thoughts are outlined within the chart itself, and they are just my thoughts and opinions based on the technical analysis that I see. I am in NO WAY a professional in the trading of any crypto currency, so ffs, DO YOUR OWN RESEARCH! :) :) COINBASE:BTCUSD NASDAQ:COIN NASDAQ:MARA NASDAQ:RIOT NASDAQ:HUT NASDAQ:IBIT AMEX:GBTC ...
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...