RIOT trade ideas
Bitcoin in Retrace - Fundamentals Push Riot to the DownsideMy outlook and price targets for the early part of the coming week. Extreme downside targets are only achievable if Bitcoin retraces into the 40K range. This might or might not occur, so watch the market and form your own judgements. All times are in Pacific Time.
$RIOT - grab your commonsSlight IHS
Stochastic strong
MACD is cinched
ATR is settling
Call option buying is strong
I like selling calls against commons on RIOT and buying back lower or allowing to expire worthless.
It's volatile, so be careful.
Bitcoin, MARA, RIOT Set To Breakout To All Time High?Since a month ago, OTC:GBTC had a reaction dropping 26% from its peak with increasing supply. However, there are a number of bullish characteristics formed after the sell-off. These are the tell-tale signs for trend trading to ride on the strong trend of BINANCE:BTCUSDT .
Find out why BITFINEX:BTCUSD is set to breakout and how to benefit before it makes the explosive gains by trading Bitcoin or stocks like NASDAQ:MARA and NASDAQ:RIOT . Key support and resistance levels are elaborated in the video for low risk entry via trading the breakout or trading the pullback.
$RIOT - Can we go higher? $RIOT looks ready for much higher prices this upcoming week.
$BTC is up big and approaching new highs.
Im going to be looking for a good entry this week... based on price action.
Riot needs a close above 68 on the dailyWe're back in a range again, getting repelled by the $68 level. We need a close above here to move on.
RIOT New projections 3/18 until levels are breached.RIOT New projections 3/18: With the movement of BTC and the integration of intangible assets in the financial system, RIOT is poised for the upside. Levels indicated are supply/demand zones where significant movements are observed for price action. Projections hold until max level (upper limit) is breached.
$80 RIOT INCOMING?If BTC bull flags up on the hourly as I have laid out in my other post, I do believe we will see RIOT reach the $80 level. RIOT has is own awkward bull flag forming, not the most technical or cosmetic but still... This is not financial advice.
Riot Blockchain gains +13% on Fed newsThe Federal Reserve now sees inflation running to 2.4% this year, above its previous estimate of 1.8%. The central bank now expects real gross domestic product to grow 6.5% in 2021, compared with its 4.2% forecast from its December meeting. The Fed estimates the unemployment rate will fall to 4.5% in 2021, below the previous estimate of 5%. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
RIOT Uptrend I think we hit the magic ratio around 5/10-5/12 which will trigger a correction. Looks like a target price of $105-$110.
CRYPTO - RIOT - The Wyckoff MethodWyckoff Method Application:
Hello everyone, DPT here. I love analysis, and I love to learn about and trade using theories and frameworks Dow Theory, Elliot Wave Theory, Action Reaction, and others, as I develop my own methodology... Today, I spotted a very good fit for the Wyckoff Method for a trade setup, and I wanted to share this with you. There are a few steps omitted, but I included the article which I used as reference so you can follow along, or use it as a template for your own trades. This is not financial advice, just an informational!
5 Step Approach to the Market:
1. Determine the present position and probable future trend of the market.
- Currently swinging bearish:
2. Select stocks in harmony with the trend.
- RIOT is known to follow BTCUSD, as it is a BTC miner!
3. Select stocks with a “cause” that equals or exceeds your minimum objective.
- I have high conviction that BTC is (a) on a downtrend with more downside, (b) RIOT has yet to price this in.
4. Determine the stocks' readiness to move.
- TA Oscillators and Moving Averages show that the stock is ready for a move to the downside.
5. Time your commitment with a turn in the stock market index.
- I have high conviction that the stock market index will also see downside in the nearest future:
Three Wyckoff Laws:
1. The law of supply and demand determines the price direction.
2. The law of cause and effect. (BTC and stock market downtrend, yet to fully be realized by RIOT).
3. The law of effort.
Analyses of Trading Ranges:
- Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand. Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR.
Wyckoff Schematics:
- A successful Wyckoff analyst must be able to anticipate and correctly judge the direction and magnitude of the move out of a TR. Fortunately, Wyckoff offers time-tested guidelines for identifying and delineating the phases and events within a TR, which, in turn, provide the basis for estimating price targets in the subsequent trend.
Nine Buying/Selling Tests:
FYI - I won't be using a P&F chart.
1. Upside objective accomplished. ✔️
2. Activity bearish (volume decreases on rallies and increases on reactions). ✔️
3. Preliminary supply, buying climax. ✔️
4. Stock weaker than the market (that is, more responsive than the market on reactions and sluggish on rallies). Stock did not make new high, when BTC made a new ATH! ✔️
5. Upward stride broken (that is, support line or uptrend line penetrated). Currently in the beginning of a descending scallop (scythe) pattern, clearly breaking uptrend line. ✔️
6. Lower highs. ✔️
7. Lower lows. ✔️
8. Crown forming (lateral movement). ✔️
9. Estimated downside profit potential is at least three times the risk for if the initial stop-order were hit. ✔️
STRATEGY:
- Entry: 63
- SL: 87
- TP1: 47
- TP2: 38
- PT: 23
- RRR: 1.71
- Timeframe: 45d
- TRIGGER:
1. Confirmed rejection at this resistance.
2. BTC continued downtrend.
3. Increasing sell pressure.
“…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2)
As always, if you enjoy this post, please Like, Follow, Leave a message... GLHF!
- DPT
RIOT to test new highs with BTC hitting ATH over weekend$RIOT impulse move based on BTC new highs. Price Target of $80 then $90.
Price: $62.81
Support: $57, $50
Resistance: $65.67, $72, $79.44
The last time BTC hit ATH, so did RIOT. RIOT up 30% at open!Subject says it all! Looking for another ATH from RIOT on Mon.
Updated target for RIOTWith recent surge in Bitcoin price, RIOT will test its last all time high, if it can pass 85, the next target will be 100 by March end or early April 2021.
RIOT Buy H4 On Monday pushafter 15 day correction you can see price get strong key level where price was rejecting from up to down many times on 10 03 21 13:00 candel price get strong action and close above key levels i think there start new ATH run at price target 90-100$ per share
PS.
1. stimules come
2. btc have global uptrend
3. riot start local uptrend
4. btc price target near 70-75K
i have open some long positions at 10 03 21 13:00 when candel close above key levels
Bull Flag pattern on RIOTTextbook bull flag developing on Riot Blockchain. A daily close today above $52 is a confirmed breakout. Next week the breakout is at $42.
Target for the pattern is (high - low of the flag) + the breakout point. $79.50 - $16.75 = $62.75. If confirmed this week = 62.75 +52 = $114.75 price target. If next week $104.75
riot still holding puts i bought at the open at 57 yesterday this is not a trading advise or recomendation. this is simple idea
Market is struggling today, be carefulI neutralized my longs, we are having trouble getting higher right now. Not saying we are going to fall out of bed today but its looking like we might have a pullback in the works a few bucks. Ideally I think a pullback to $55 would be healthy and set us up to push through $70 next week
