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19.11.25 - 06:06
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RIOT: Is the Low in? (TradingView)
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RIOT got support on a high volume node, around 0.618 fib retrace area. MACD is signaling a potential turnaround. The price decline was also on a low volume, suggesting a counter trend correction, rather than an impulsive one, also suggesting capitulation hasn't been done yet. Crypto market overall is super oversold and looking for at least a dead cat bounce. So, is the low in for RIOT? Maybe not. RIOT has a tendency of a long wave 2 with at least 2 fake out moves. This time might not be any different. The first clue would be to see the price getting support above the broken trend line. Second clue would be price getting above $24. Until then, I would expect price to get resistance on the trend line and making its way towards $11 support, maybe a bit lower. To be transparent, I did buy back some for the bounce play.
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21.10.25 - 02:57
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RIOT Breakout Setup – Eyes on $22.90 Zone (TradingView)
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RIOT is forming a bullish pennant right below key resistance at $22.90.
A breakout above this level could open the way toward $23.96.
Failure to hold above $22.00 might lead to a short-term pullback toward $21.00.
? Bias: Bullish above $22.00 – watching for breakout confirmation.
? Targets: 22.94 / 23.96
? Support: 21.00
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12.10.25 - 00:57
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RIOT: Beginning of the end or not done with bull market yet? (TradingView)
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RIOT Platforms bull run has been an amazing one in 2025. Almost 300% in 6 months. Now markets are at a juncture of conflicting macro events that will shape the direction for the next move in a few weeks. Friday was particularly a bad day, and one for the history books for crypto.
For RIOT, we still have a 3 waves zigzag shape starting from the low of January 2023. In Macro sense, this could be a large B wave for even a larger structure starting from February 2021 top. So, to get a confirmation of which direction RIO will go, we need to wait for a bit. Ideally, if bull market to continue, RIOT needs to hold the top of the downward channel that it broke out of, somewhere between $14 to $12. Even it is a deeper wave 2, price should absolutely get support on $9 - $8 area. Anything below that, will be a very bad situation for the bag holders.
Weekly RSI is looking pretty healthy. Price has made correction at this level many times in the past. We want to see RSI level comes back to the median band and get suppor
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29.09.25 - 08:09
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RIOT: Looking fairly bullish still (TradingView)
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RIOT reached the $20 milestone intraday last week that got sold off very quickly. The consolidation right now seems like a distribution patterns, but there are some indications that the bear case is not that strong. The daily MACD hasn't had a cross yet. It is doing the Almost tag and go thing, which can give things another boost before finally turning down. Elliott wave perspective the fifth wave was pretty clean. Now, even price makes another slightly higher high, it could be an extended B wave. That is overall pretty bullish in the macro sense. It will make the probability of minute degree wave 2 that much stronger. Percentage wise it might still drop 30%-40%, but that is in line with what has been happening historically. This year alone, we have seen a 60% drop followed by a 225% bull run and the year is not over yet. So, plan right now is to watch the support levels. I have the fib retracement levels up on the chart along with the Bollinger Bands. The bottom of the band is lining up with .618 level. Also
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20.09.25 - 23:48
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RIOT: Is it the top? (TradingView)
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RIOT has successfully managed to complete a 5 waves bullish sequence with somewhat of an ending diagonal finish as of Friday close. The closing hour was a pretty sharp drop with somewhat of a bear flag pattern after closing. This may suggest that the top is in for the sequence. If you have booked a profit, congratulations to you! I am now very curious about how the next move will play out. It is always possible that the upside move is not yet complete. It will not be confirmed until price breaks below $16.8. But the preliminary signs are suggesting that distribution has begun. If it is indeed a time for correction, then the support points are lining up with Fib retracement areas almost perfectly. BTC is the key to everything else here. BTC is also looking to put in a B wave top for a larger wave 4, that may take the price down to around 100k. Trad markets, even though put in higher highs last week are poised to make a turn as well. The next 2 weeks will be very important for the rest of the year.
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12.09.25 - 06:57
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RIOT: Can it complete the sequence? (TradingView)
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RIOT has woken up in the last few days and finished an exciting rally to create another higher high above July high, even above Nov 2024 high. This can be the total move to finish a complete 5 waves sequence since April low. But from geometry perspective, putting another high would make things neat and clean. The initial move down is in 5 waves. So, we should expect a bounce tomorrow before another leg down. I am keeping a close eye on 1 hour RSI. I want to see a bullish divergence forming in 1 hour and then in 4 hour to have a high probability of starting the final fifth wave to complete minute degree wave 1. BTC as well should get severe resistance at around 118k area and go down again to finish up wave 4. Should expect some turmoil at the end of September into early October before the yearend rally starts. For RIOT that means, hopefully hitting $18 target and then hopefully keeping the retrace above $10. Only then we can set some new targets for $30-$40 along with some good news on their expansion projects
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29.08.25 - 08:15
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RIOT: messed up EW count, but making higher high and higher low (TradingView)
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RIOT EW count hasn't been easy. The impulses are not quite clean; the corrections are too deep for comfort. But as long as price is making higher highs and higher lows, I will stay on that direction. The concern is the overlapping impulses. Either RIOT will explode with a series of wave 3s or we have a tricky count with creative fitting of waves. Until price falls below $13.59 in the next day or 2, I can't fit a diagonal count either. I already took profit today and will hold the rest with a stop right below $13.59 and let this play out longer to see if a clearer EW count appears. Ideally, want to see price above $15.34 to somewhat confidently say we have a full 5 waves sequence.
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17.08.25 - 01:54
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RIOT: In a do or die situation again! (TradingView)
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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
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02.08.25 - 08:51
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RIOT: Looks pretty bad, but still has a chance to recover (TradingView)
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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.
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28.07.25 - 06:39
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RIOT LONG (TradingView)
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NIce breakout W/ Volume, following BTC momentum, Following with BTC momentum. $20 First Target.
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26.07.25 - 06:42
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RIOT: Sideways is good (TradingView)
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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.
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03.07.25 - 08:39
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RIOT: Do or Die time (TradingView)
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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
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14.06.25 - 02:42
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RIOT: 3 waves moves are not good! (TradingView)
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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.
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07.06.25 - 07:57
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RIOT: Can it break the down channel? (TradingView)
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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.
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29.05.25 - 03:48
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RIOT: Should go down a bit more... (TradingView)
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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
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22.05.25 - 21:54
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RIOT: The Sleeper Trade to $130 (TradingView)
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? 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
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15.05.25 - 03:15
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RIOT: Not really keeping up with Bitcoin. (TradingView)
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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
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