If it comes up from this point and this wave down isn't greater than the previous wave, I'm leaning towards the pullback being done. The W-A of W-(W) is questionable on counting and could easily see the first 3 waves being 5 waves instead. If that is the case, I'd lean towards another wave down. Either way, the correction is probably getting close to done.
Riot, a BTC mining company see's significant price surge post BTC halving
RIOT April breakdown has confirmed the intermediate wave 2 still intact. Good news is, price is likely making a major bottom. The bottom rectangle on the chart represents several technical support zones and if price comes down to this area, it will be a buy for me. We should at least expect a bounce from there. But if price doesn't hold in this area, then we have...
I already provided RIOT analysis ⏰ successfully top 🔝 & correction completed 🚀 Unfortunately 😬 my 2 posts got disconnected against trading view rules 📌 Again making complete analysis for next bull run 🐂 Before entering pls #DYOR Below this post I will update you everything 🙂 So just follow and share post and save it by boosting 🚀 it 🙌 So if I updated...
Reasons for bullish bias: - Price bounced from support - Price respected trendline - Swing trade Entry Level(CMP): 12.40 Stop Loss Level: 9.97 Take Profit Level: 15.63
RIOT low risk trade. Stop loss below the support. Take profit at 60% upside.
The chart looks beautiful! Bought April 19th $10 call for $2.82 CRYPTOCAP:BTC will be much higher by expiration.
The stock market cycle of psychology? The wave of "Public" enthusiasm.
On the 15-minute chart- RIOT uptrended and then retraced. It is now supported by the standard Fibonacci retracement zone and UNDER the intermediate term mean anchored VWAP. On the RSI indicator, the signals are UNDER the 50 level another suggestion of direction being forecasted. In the meanwhile BTCUSD is trending down. while RIOT is not trading. I will watch...
On the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms trend reversal. Higher highs higher lows. 3) Price action confirms support on past resistance. (Green bar). 4) The inverse head &...
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...
Investment analysts at JPMorgan have upgraded Riot Platforms Inc.'s stock rating from "Neutral" to "Overweight" and set a target price of 15.00 USD. This adjustment is based on the anticipated significant growth in Riot Platforms' hash rate, a key performance indicator in the cryptocurrency mining industry. Riot currently operates with a hash rate of 12.4 EH/s...
If BTC uptrend in tact. RIOT has bullish post-june fundamentals. If Rate cut thesis in tact etc.
It's been rough for the miners. As BTC is making all time high, miner stocks are not getting any love. This divergence is ultimately result in market picking a direction after the consolidation is over. Right now, RIOT is range bound, sitting at the middle of a channel. I have both bullish and bearish EW count. Whichever is correct, doesn't really matter, as...
NASDAQ:RIOT -Consolidation is expected as lower highs and higher lowers are printed -RIOT is filling gaps and vector candles at ~11.5 and ~12.2 respectively (So buy zone should be around those) -Pivot point was registered at 11.94 -As long as it doesn't break the low ADR ~11.3 we should be good -If it breaks low ADR, the new pivot could be ~9.7 -Target 1...
The daily price movements remain below the 200-day moving average (200MA). However, there's a potential for a test of the lower trendline marked in yellow. Historically, after such a test, we anticipate a reversal. Considering the ongoing market trends with #BTC, a reversal appears imminent.
Mara and riot both have double tops. IBit has several FVG that are quite large along with Mara and riot — i think these sellers and buyers will get a chance to get back in, and it will push back up.