Rikity

Rikity

Nothing earth shattering here on predictions, analysts say the price target is $600. Keep in mind, it was above that level already, so there is a possibility it runs past that. My play was buy the Apr $570 call, sell the $600 call against it to trim off the IV drop that will happen tomorrow. Also caps my upside, but its definitely a long play. You could...

Rikity

We have a bloodbath in the making. I closed every position I had whether loss or not. Major selloff in the works

Rikity Updated 

We need to hold above $68 tomorrow. Bullish long term but it looks like RIOT is finding its place. BTC hit new highs over the weekend and I think a key level on it is $56700 vs $78 RIOT. We might have an interesting open, I'm looking for a rise in BTC above $57k to add here if RIOT gets above $78. RIOT right now is figuring out its place, the short term...

Rikity

Earnings on the 24th. The company is selling out of all GPU's they've made for 6 months and this will happen for the foreseeable future, so earnings cant be bad. That said, I dont like earnings plays. It could go your way and get the opposite price reaction. After the dust settles, if it stays above the trendline (estimated $593 level) I'm selling put spreads.

Rikity Updated 

Update before close, an h pattern has formed. If this breaks that 58-60 zone box, I'm bailing on this. Be very careful what happens overnight here. Pull in your size, there is no guarantee on a short here but aside from the bearish market and tape on the stock today, the following 2 things I observed: a. RIOT has decoupled from BTCs price reads - BTC is...

Rikity Updated 

Looks like we've established to volume zones. I dont want to go as far as to say they are Support though. The green box is where we found buyers in the hard selloff today on unemployment news. What does unemployment have to do with crypto or a company with 7 employees? Well I'm sure you know the answer to that. It also looks like we've decoupled RIOTs...

Rikity

I see a lot of chart analysis from others posting on this. To be honest, I dont think charts or technical indicators are going to have a whole lot to do with this going forward. This current uptrend is hype and acceptance by business and finance industries that are making it a valid currency. Currencies charts tend to somewhat follow the rules of chart...

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The volume of the first day this thing started to move a week ago vs today, its higher. The selloff this morning while BTC was staying steady spooked me a little bit so I sold off my LEAPS and a few calls that were already in a profit. Going forward, I'm just going to go with more of a neutral strategy, expecting that one day where we get a big selloff. With...

Rikity Updated 

I pulled in some size, I have no idea where the top is on this. I reduced some size locking in some gains and buying much further out options for the long term. I'm actually considering to sell naked puts at the $35-40 level hoping to get assigned. Would'nt mind at all buying some discount shares at that level. Long term there is some growth here, could a...

Rikity Updated 

Today RIOT smacked the previous high and stop like it hit a wall. Lets see this baby break out and it will be off to the races. Look at the beautiful long term basing pattern. The stock has been strong and this could explode

Rikity

Looks like we are nearing the end of the consolidation. I think this run down is going to have a pop to the upside soon. The price and volume has been descending, sellers are running out.

Rikity

Could it be possible we have another springtime selloff? How deep could it go? The impact of shutting the economy down has been hidden for sure, if this doesnt happen now, a correction is due and we are just postponing it. We can only print dollars for so long until the world looks to adopt a more stable currency.. could that be bitcoin? I didnt hear the...

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Not much to see on the chart but it going up. You would think there's going to be a little resistance right here, but I dont think any of it matters. This whole month is full of binary events. I've looked at all the indicators I use and there isnt anything there thats disagreeing with longs on this.

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Good place to enter long here looking out for the $66 level for first zone. Volume is also an indicator here

Rikity

Still running strong NVDA is in an intra-day flagging pattern bouncing off the 544 area, if it breaks through I have a short term target of 550 value area and a very strong high volume node at $570 above that. This could possibly test the ATH $589. Earnings report would be expected first half of November. I'm still bullish based on fundamental sales of their...

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Last week much of the market and sector sold off, NVDA did not follow. Their new video card series rtx 30xx has been selling out each release in seconds. They likely wont be able to meet demand for several months. Their competitor on the GPU market, AMD appears to be pretty far behind. Fundamentally and technically I feel this has potential to the upside by...