$RIOT about to play catch up to the upside?

١٠ نوفمبر ٢٠٢٤

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.

١١ نوفمبر ٢٠٢٤

ملاحظة

Took profits on riot calls +860%

١٣ نوفمبر ٢٠٢٤

ملاحظة

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.

١٤ نوفمبر ٢٠٢٤

ملاحظة

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

١٥ نوفمبر ٢٠٢٤

ملاحظة

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.

١٥ نوفمبر ٢٠٢٤

ملاحظة

Added more at $11.85

١٨ نوفمبر ٢٠٢٤

ملاحظة

Bought some 13C for 11/22

٢٠ نوفمبر ٢٠٢٤

ملاحظة

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

٢١ نوفمبر ٢٠٢٤

ملاحظة

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

٢٤ ديسمبر ٢٠٢٤

ملاحظة

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.

٨ يناير

ملاحظة

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