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RIOT is still trying to recover from the July 25th fall off the cliff. At the moment, the consolidation is looking rather sluggish and difficult to get a clear five moves up. The minuatte degree wave 4 is much larger than minuatte wave 2. However, minuatte wave 3 subdivision has a subminuatte wave 2 much larger than subminuatte wave 4. So, we can chalk this anomaly as an alternation of size. Right now, the focus in the last low. If $10.59 breaks down, then this wave 4 will most likely get invalidated and $15.34 will most likely be some kind of 3 wave top. It could be a leading diagonal, could be some kind of B or X wave or be a number of things. Breaking below $10.38 will be a confirmation that any hope of a wave 5 is gone. If that happens, then depending on how BTC acts for the next 3 months, we would either see a C wave up in RIOT and then a fall, or a continuation of dumpage activities back to the bottom of the channel. Alternatively, If RIOT and BTC can manage to keep the last low intact and somehow pul

Breaking down into the big bad channel maybe was the first warning of a false breakout. August first price action just made things a whole lot worse. The hope here is that RSI is tanked and has multiple pints of bullish divergence. But the bad news is, the overall price action is still a very 3 waves structure. If price falls into wave 1 territory, then it is pretty much game over. It could be a leading diagonal, or it could be another x wave to bring the price back down to the bottom of the channel yet again. BTC is also trying to maintain must keep support level. So, if next week we see a sharp recovery, then the 5 waves structure may still be intact. However, if price breaks down below $10, then best to stay out of it until things settle down. I took some profit at the top of the channel and got stopped out for most of my position for now. I will hold the rest with a stop at $9.5. If price recovers, then will ride the final wave towards $18.

NIce breakout W/ Volume, following BTC momentum, Following with BTC momentum. $20 First Target.

RIOT has broken above a very important downward channel dating back July of 2023. It is imperative that RIOT stays above the channel. The sideways consolidation while BTC and the crypto market corrects is a pretty good sign. Next week might be more of the same, maybe a bit more down to gain the momentum back for the last leg up. If we get the final move up, it will confirm a 5 waves sequence. The target would be between 2 to 2.618 extension between $18.68 to $24.33. On the flip side, going back inside the channel would be a sign of weakness. Going back to $11 would be a confirmation of bull run end. All will depend on how the broader crypto market performs for the next 2 weeks or so.

I am going back on forth between two counts, both bullish for the time being. It is all about how wave 1 completed. I have readjusted wave 1 as leading contracting diagonal which has several impulsive moves but still in 3 waves, making things very difficult count. The May low is deep enough to be wave 2 following the diagonal. Wave 1 of 3 started off strong but the June dip was a bit too deep. Now, it is do or die time. We want to see a very strong wave 3 of 3 holding the narrow and steep channel to the outer edge of the macro downward channel. That will be the true test of the bull market. If RIOT has any chance of breaking out of the rut, it needs to have a short wave 4 and then try for a clean break. Even then, the entire move since April low would be in 3 waves. For the rest of the summer, we need to see if the price dips back into the channel or gets support on top of it and makes the final move up to give us a clean 5 waves move. By the end of this year, overall markets should also top out for the cycle

Since the April bottom, RIOT moved up very nicely. Even since the May bottom, things were looking decent. However, the move since June 5th bottom even though we saw some strong moves, it ended up 3 waves move. Along with a lower low today June 13th, I am forced to change into my alternate count. I don't think we are looking at a series of 1/2 moves any longer. With BTC also stalling out, I am tracking the entire sequence as a leading diagonal structure. So, this means, the current correction might get deep. The first leg down has also been a leading diagonal, so I am expecting a sharp move up next week before resuming farther down. I have taken profit already and most likely take some more profit if market allows next week and have a stop loss to get kicked out if needed. I will look for opportunities along the fib retracement areas. Until $6.19 breaks, the bullish bias will still prevail. However, until the big bad downward channel is broken, bear case is not fully gone.

Now is the pivotal moment for RIOT. This wave 3 needs to be strong enough to break through the two yearlong downward channel. Not only that, a full 5 waves sequence needs to complete after that to have the full confidence that RIOT is out of its rut. It will take a long time to reach the heights. But for now, we need to see price break above $13 and try to get towards $18. There will be resistance zones on the way, but not too much time can be spent to keep the momentum. BTC looks to have the tailwind it needs to start making new price discovery and that should help RIOT to get where it needs to go.

RIOT has pulled back with quite a picture perfect 3 waves. But this may be only the first leg of the correction. BTC is also looking primed to take a dip towards 100k-95k area. If that happens, I would look RIO to come back towards the golden zone are and close the gap along the way. There is also a head and shoulders pattern that might play out. If price gets towards $7.2 area, that would be the true test of the bull market. Price needs to hold the $7.3 - $7.2 area and get a sharp reversal to provide any confidence for the wave 3 move up. All eyes will be on BTC and how the correction plays out there. If BTC is making a long-term top here, then RIOT will be in a lot of trouble. I will, however, start accumulating this dip in accordance to the wave count. I am going to wait a bit longer to see if price comes down a bit more. On the other hand, if this is the end of correction right here and both RIOT and BTC starts to take off, then just need to hold the nose and dive in. Money management will be key to succe

? RIOT to $130? The Bull Case Is Heating Up RIOT Platforms is primed for a major breakout — multi-year triangle compression on the weekly, identical to its 2020 setup before a 35x move. We're now approaching the 1:1 time Fib window (2021 top → 2022 bottom → 2023 echo high), the same cycle structure that triggered the last parabolic rally. BTC at $111K, eyeing $160K. History says miners lag then explode. RIOT gained 35x in the last BTC breakout — this cycle could easily echo that with a $130 target (0.886, last cycle price hit the 0.786, prior to that, the 0.65 so the logical next target is the 0.886 Fundamentals are locked in: ⚡️ Hash rate: 33.7 EH/s ? Producing 500+ BTC/month ? Cost per BTC: ~$44K → profit margins >70% at $160K BTC ? Treasury: 19,000+ BTC (~$2B) ? New Corsicana site online, scalable beyond 35 EH/s Sentiment setup is explosive: ? High short interest = squeeze fuel ? Chart reclaiming macro trendline + coiled tight ? Retail and institutional flows rotating into miners Cycle symmetr

While BTC is pushing into January highs, RIOT and other miners are still far off from their respective January tops. RIOT had a fine move off the April lows but May started to get choppy. It is not a good sign if Miners are hitting a wall while BTC is ripping. So, at this point the best bullish case for RIOT is a leading diagonal structure. Right now, BTC, NDX etc. are looking to coming up on a local top. RIOT should also see a little bit higher price and then get ready for a correction. This is when the true test of bull market will take place. Both BTC and RIOT should form some kind of an inverted head and shoulders pattern. In that case the correction should last for a couple of weeks to a month or so and create a higher low. We do not want to see RIOT dipping below $6.96. I am out in the sidelines at the moment. I will start to buy in again at around $7.9- $7.5 support area. Hopefully the gap close and then ready to rip. If price is in fact on wave 3, then the move up should be in clean 5 waves up, 3 down

OptionsMastery: ?Sound on!? ?Make sure to watch fullscreen!? Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!

The move up today looks very encouraging, but we only have a 3 waves move so far. Price broke above $7.39, which is a good sign, a higher high. Now price needs to stay above $6.67 and complete a full 5 waves sequence. Even then, the danger might not be over until price breaks above $8.24 and better yet, above $8.86. I will be ready to get my bag filled on wave 2 retrace and will have stop loss at the last low. If we don't see price making another high before the retrace, chances are RIOT will go lower one last time. At the moment, crypto market overall seems to be on a rebound. Has the mighty bull market started? We will find out soon enough! I am following M2 money supply chart closely. There are some very intriguing analyses out there on correlation between M2 global money supply and total crypto market cap. Fundamentally, it makes a lot of sense. And if BTC rebounds, RIOT and other miners will rebound stonger. Recently, the Gold bull run has made GDX spike higher (almost 33% for gold this year compared to

This is my less severe crash idea. We should get one more lower low in this count to close out Wave 2 of the intermediate degree. The low of $6.22 is not very clean and the recovery since then is also quite choppy, suggesting a final flush out. My previous count expects a worse case. This one is a bit more hopium induced. If I am totally wrong and the long-term wave 3 already started, then we need to see a very strong move out of the steeper channel and a quick ride to the upper limit of the bigger channel, and a break above that. Until then, looking to buy at the next low with stop loss again and continue that process until we eventually get a low. Stop loss is very important to preserve capital, in case things are really going to zero (as many are suggesting; not me). If that means missing out on an initial wave 1, it's not a very big deal in the grand scheme of things...

Sunday night drop broke below $6.36, invalidating the minor wave 2 count and confirming that Intermediate wave 2 is still in progress. This price action can be a triple combination WXYXZ pattern. Now, good news is, this should be the last C wave leg. Bad news is it can still drop quite a bit more before the intermediate wave 2 is invalidated ($3.26). Even though I will most like get shaken out of my position, I will be looking to re-enter at the fib areas (1.618 extension and 2x extension), if price goes down there. Otherwise, I will wait for a bottom to confirm and buy in after a full five waves up and three waves down pattern. For now, need to stay away from the volatility.

Friday drop came about a hair length from invalidating my current count. But a strong reversal is keeping it intact still. We do not have a full 5 waves moves up to confirm a wave 1 yet. So, it is possible that Monday might sell off again and invalidate this count. If we lose the minor degree wave 2, then it will mean the Intermediate wave 2 is still on going. It will also mean there will be 2 more waves to complete a five waves move for wave C to the downside. Right now, market will need to prove the bottom, even though I nibbled in again at the low. I have a stop loss right at the $6.4 bottom if market decides to go down for some more. To have any confidence for a real reversal, we need to see price break above $8.24. Markets are very emotional and highly volatile. But Bitcoin is showing something out of character that is more aligned with its ethos rather than acting as a rick on asset. It could be history in the making, but now is too early to tell. If Bitcoin does become the safe haven asset to hide from

?Sound on!? ?Make sure to watch fullscreen!? Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!

RIOT and any other miners will follow the direction of bitcoin, but all markets in general are looking close to bounce. How far it goes remains to be seen, but for now looking for the turn in the box area.

NASDAQ:RIOT has achieved the cluster of anticipated Fib targets on its differing time frames. But the market selloff in last hour today, and exceeding the targets would suggest to analyzing the wave structure of the current decline in hourly frame as well. So as depicted on the chart above, considering a barrier triangle as the correction in wave (b) properly reveals the wave structure of the following decline in a five-wave impulse as wave (c) which now its 5th wave as a final decline would remain in the late stage. The final Fib target >> 8.08 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC

NASDAQ:RIOT may conclude the entire correction in Minor degree wave 2 on the anticipated cluster of Fib targets. Technically, the wave structure of corrective wave 2 in a wxy double zigzag seems to be completed well now. And also exceeding the Fib channel & cluster of expected Fib targets indicate the current level should be respected likely as a significant low. #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC