$RIOT about to play catch up to the upside?

2024年11月10日

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.

2024年11月11日

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Took profits on riot calls +860%

2024年11月13日

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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.

2024年11月14日

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That might've been it for downside. Needs to hold $11.80 to remain bullish.

2024年11月15日

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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.

2024年11月15日

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Added more at $11.85

2024年11月18日

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Bought some 13C for 11/22

2024年11月20日

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Could be wrong, but I ended up getting out of all of my positions. Not liking the price action.

2024年11月21日

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Welp, glad I did that. Think we can go down to $9 or so

2024年12月24日

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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.

1月8日

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Be careful... think this can go much lower here.