RIOT just announced 80% jump in mining productivity y/y in March, and with BTC pricing up over 500% in same period. Stock in lateral consolidation. But annualizing p/s still above 25x. Tethered to BTC price trends. As long as BTC in rising trend, RIOT can run.
Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was...
(This is not financial advice) Hey everyone, thought I would make a crypto play considering how well crypto has been doing these past few days and these stocks usually follow the same movements especially on Monday week opens. I am looking for a entry at 45-50 ad I have set up price targets to take profits at on the way up. The reasons I am bullish on RIOT...
Here is closer look at the current Wave structure in my read for $RIOT.
Hopefully, the price of bitcoin will rise as breaking new ATH, so it would be really supportive for RIOT to confirm that breakout and go to the space!
RIOT has been slowly loosing range. It will probably go up in the short term. Being long is risky, as the price sits in the middle of a wedge, and can definitely drop lower. Just like someone else here said about the Bitcoin, trading this is not worthwhile, until it breaks out of either trend line.
Currently looks like $RIOT is in wave iv up of WAVE 2 down now, then a short wave v down, before WAVE 3 UP = Lift Off!
Look what we have here, an OTC stock that....mines crypto? Must be crazy right? We have seen RIOT and MARA take off, but why does this look...stuck? Answer: Hidden Gem that is due for that cataclysmic lift off. OTC makes it hard to get in for all the retail traders to gobble up and leverage to all sorts of margin calls. On top of some dilution to pay for...
I'm of course still bullish as usual but we could be headed to $43 trendline, who knows if that holds too.. However, earnings report should happen today after close
Still a 3 wave move at this point. Waiting for that $60k and watching triangle formation. I think we will get it soon with BNB, VET, ETH, MARA,etc making new highs. expect to hold 55k. Riot looks to be building for large move to catch up on some lost ground with MARA. think MARA will still be the winner. not financial advice
Earnings on the horizon, there's a lack of confidence here.. Don't forget the meteoric rise during Q4 of 2020 (165% Gain Alone). We can see we are still in an uptrend. We can see rejection off 20 Day EMA. We can see neutral RSI, and potentially bullish Stochastic RSI. Bitcoin is also doing well this week, and will have a strong April, as we are entering a new...
All of my followers know that I have been bullish on SOS ever since February. It's been a battle against the bears and it's not like they don't have any valid points about this company's transparency, but I just hate having to see this stock go down even after good news. Today's catalyst was SOS is issuing new warrants to raise capital for their Crypto Mining...
We are in a choppy market due to many Macro Global Economic Factors. The Cargo Ship Stuck in the canals causing the global economy Billions. Rising Bond Yields. And the ominous feeling of rising global inflation. I am still holding LONG. If hyper-inflation becomes very real. My theory is that the any crypto business/fin tech business will survive and expand....
Riot could drop to $30 to fill a gap before jumping to $100
With lower highs we have a bearish continuation pattern. Daily candles broke the bear trend but we don't have a confirmation candle of the move and we haven't change patterns to a bullish pattern so still playing some shorts mixed with my longs on tickers like RIOT and MARA.