$Riot Platforms(RIOT)$ ๐๐ฅ๐ฏ $RIOT Is Primed for a Breakout & Iโm Betting on the Hash Ribbon Ignitions๐ฏ๐ฅ๐
โก While everyoneโs glued to Riotโs earnings chatter, Iโm focused on something bigger. Underneath the noise, a setupโs building that I havenโt seen in months and itโs screaming asymmetric opportunity. โก
Bitcoin adoption isnโt slowing down. Spar supermarkets across Switzerland are rolling out Bitcoin payments after successful pilots.
When Bitcoin hits the checkout line, miners like $RIOT donโt just benefit, they amplify.
Riot Platforms drops earnings post-market 01May25, and the stage couldnโt be set any sharper.
๐ Where Things Stand:
โข Revenueโs expected to jump to $158.6M, a full +100% year-over-year
โข EPSโs forecast to swing to -0.12 USD, from +0.81 USD last year
โข EBITโs expected to turn from +$203.9M to -$30.7M
This isnโt a clean earnings setup, and it doesnโt need to be. Riotโs a pure Bitcoin leverage play right now, not a margin story.
๐ The Charts Tell the Story:
โข Riot smashed through the TrendCloud on the daily, lining up with the broader miner rally
โข Weekly RSIโs showing bullish divergence, with buying pressure growing even as price hesitated
โข TMOโs leaning bullish, not full-blown yet, but close
โข Key support at $6.36 held like a fortress
โข Resistance at $7.73 was taken out, with Fridayโs post-market closing at $7.79
The technicals are lining up, and when miners start leading, they rarely do it quietly.
๐ฎ The Hidden Catalyst, Hash Ribbon Ignition
The Hash Ribbon fired a buy signal in early April at $7.33.
Last time this signal fired in October 2024, Riot ran from $8.66 to $15.82, a clean +104% move.
A similar move now would put Riot around $14.97, and I wouldnโt rule out even higher if Bitcoin catches momentum.
Signals like this donโt show up often, and Iโm not ignoring it.
๐ก๏ธ Behind the Scenes Strength Most Traders Are Missing:
โข Riot holds 7,327 Bitcoin as of Q4 2024. Thatโs real balance sheet firepower that grows every time Bitcoin rallies
โข Riot secured a $100M credit line with Coinbase, using Bitcoin as collateral, keeping liquidity strong without issuing new shares
โข Riot locked in 700 MW of fixed-rate power contracts in Texas, giving them a major advantage as energy costs crush weaker miners
Thereโs real resilience under the hood, even if the headlines wonโt tell you.
๐ What the Analysts Are Seeing:
โข 16 analysts covering
โข ๐ข 19% Strong Buy
โข ๐ข 75% Buy
โข ๐ก 6% Hold
โข ๐ด 0% Sell
โข ๐ด 0% Strong Sell
โข Mean target price: $16.68, implying +114% upside from Fridayโs $7.79 close
The Street sees whatโs building. Iโd rather be ahead of them.
๐ Short Interest Is the Fuel:
โข 8.38M shares shorted
โข 31.49% of the floatโs short
If Riot surprises even modestly, or if Bitcoin keeps climbing, these shorts are cornered. Forced covering could sling this stock higher before most even realise itโs happening.
๐ Seasonality vs Reality:
Mayโs historically been a weak month for Riot, with an average return of -4.67%, but Iโm not putting weight on that this time. Bitcoinโs gaining adoption momentum, technicals are firing, and the setup looks nothing like a typical May.
๐ง Why Iโm Positioned for Upside:
This is a pure volatility trade with the odds leaning towards the bulls.
Bitcoin strength, miner technicals, Hash Ribbon ignition, analyst upside, and heavy short interest, it's all stacking in the same direction.
If Bitcoin pulls back, sure, $6.36โs my line to watch. Buright now, the risk, reward balance is clear, and Iโm positioning for the breakout.
Iโm not here to trade scared.
Iโm here for the kind of moves that only come around a few times a year.
๐ข If you want setups that beat the herd to the punch, follow me ๐๐ Iโm all about hunting the next big movers before the noise even starts. Letโs stay sharp, stay fast, and build real momentum. ๐๐๐
Trade like a boss! Happy trading ahead, Cheers, BC ๐๐๐๐๐
@Tiger_comments @TigerStars @TigerWire @TigerPicks @Daily_Discussion
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