$RIOT about to play catch up to the upside?
RIOT has been consolidating in a bottoming wedge and looks set to break out. I think we see a very sharp move to the $18 resistance as RIOT has serious catching up to do. I think RIOT and HUT will be the most bullish two miners for this next move up.
After hitting $18, we should see some consolidation before the next big move higher.
Not sure if we get into the 100s or not, but will update the chart as the move plays out.
הערה
Took profits on riot calls +860%הערה
Note: I got out of my call position because I think there's a possibility of RIOT retesting the $9 level before running. I still own spot from the $9 level. If we get a pullback, going to add my call position back for 1/17 expiry and add more spot.הערה
That might've been it for downside. Needs to hold $11.80 to remain bullish.הערה
Rebought some spot here ($11.58) for a trade to $16-18. However, I'm still of the mindset that we're going to see $9-10 before we see above $18.
So will likely exit my position up in that range and wait to see how the chart shapes up.
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Added more at $11.85הערה
Bought some 13C for 11/22הערה
Could be wrong, but I ended up getting out of all of my positions. Not liking the price action.הערה
Welp, glad I did that. Think we can go down to $9 or soהערה
Getting close to going long. Looking for $9.85 or so. If we get down there, looking to take 20C out to 6/20/25.
Support below that would be $8.45 or so. Either of those entries would be great for long-term plays. I think riot will be one of the best performers after this pullback.
הערה
Be careful... think this can go much lower here.
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