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Riot Blockchain Headed Lower As Bitcoin Collapses: Here's The Buy

Published 02/01/2018, 02:48 PM
RIOT
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BTC/USD
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Shares of Riot Blockchain (NASDAQ:RIOT) collapsed another 10% Thursday, hitting a low of $12.10. The stock traded above $45 on hype, as bitcoin traded near $20,000. That is long gone and bitcoin is collapsing lower and has strong technical support at $7,500, which probably where it will get a big bounce.

Buy Here

During the expected fall, Riot Blockchain will drop to $9.85 – a huge buy on RIOT as it's a former pivot and the daily 200 moving average. In addition, Riot Blockchain is already oversold and by that point will be extremely oversold. I will be looking to buy at that level for a swing-trade strong bounce.

Riot Blockchain

Latest comments

but riot blockchain is a scam gary
Extremely oversold? Expect to see a whimpy bounce and then it will continue with predominant trend all the way to 0.01.
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