Been buying shares of RIOT, and will continue to add shares anytime this gets in the 9s. After a couple bad years of production, RIOT's new Corsicana facility is energizing and the new miners will boost hashrate and increase efficiency. Oh, and lets not forget the 8500 Bitcoin on the balance sheet and positive earnings. RIOT has been undervalued for too long!
As...
In the heart of Texas, a clash of interests has erupted as Riot Platforms' ( NASDAQ:RIOT ) ambitious plans for a Bitcoin mining facility encounter staunch opposition from local residents and authorities. What initially seemed like a promising venture for economic growth and job creation has now become a battleground, highlighting the environmental and social...
You tell me?
Do you think #Bitcoin will cross $100k this cycle or not?
If it does , why wouldn't our miners create parabolic tops in new All time high territory?
Good luck in your speculations.
Riot Platforms has shown an accelerated decline pattern
This figure shows the weekly candle chart of Riot Platforms' stocks in the past three years. The top to bottom golden section at the beginning of 2021 is superimposed in the figure. As shown in the figure, the stock of Riot Platforms has shown an accelerated decline pattern in the past three weeks, and...
Dips getting bought around 10$. Price range it's getting tight with a nice bullish flag pattern forming. I would like to enter before the breakout happens (if it happens) with a very small risk.
Looks ready to run back to ~14.80, possibly higher depending on the push we see in BTC.
I'd be cautious at 14.80, and extremely cautious at $21.20..
Shorter term..
I don't think this stock rallies to new highs until 2025.
