RIOT Buy the Bitcoin Pullback? LONG

アップデート済
IOT on the 30 minute chart has pulled back 35% from its end-of-the-year high when Bitcoin made

a bullish move. Bitcoin has settled down and RIOT has followed that trend down. the MACD

lines are above zero while the RSI lines have settled in deep oversold territory. I see this as

a good entry for a long position with at least 50% upside and much money if taking

call options. As to the latter, I would look for a Juen expiration at a strike just below the

POC line of the volume profile which is confluent with the mean long-term VWAP. My goal is

a 500% return. The OTM call options are cheap enough to take several and then take

partial profits each time Bitcoin reaches a pivot high over the interval and maybe pick up

another when a it finds a pivot low.
トレード稼働中
Price hit a pivot low at mid-session on Friday for another buy of a call contract.
トレード稼働中
So far sideways this week as this stock is waiting for a dominate move out of Bitcoin.
ノート
The big engulfing green candle to close the last session suggests to me it is time
to buy the dip.

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トレード稼働中
The 100 scale can be confusing to the unfamiliar here is the chart showing actual price

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Bitcoin (Cryptocurrency)BTCUSDcoinbasecryptomarketMARAMoving AveragesOscillatorsRIOTVolume

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