Rsi riot blockchain

W hen bitcoin mining company Bit Digital started shipping its energy-intensive computers out of China in early , eyebrows were raised. The announcement sparked a fire sale of the computers used to power bitcoin, with mining companies scrambling to ship more than 2m of the machines out of China. They arrived by the crateload in countries like the US, Russia and Kazakhstan. This figure keeps growing: bitcoin mining currently uses 66 times more electricity than in Lured by the promise of lax regulation and cheap coal power, an estimated fifth of global bitcoin mining production migrated there.

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Content:

• Riot Blockchain Struggles At Must-Hold Level As Bitcoin Fails To Buck Its Trend: What’s Next?
• Blockchain and crypto are broken
• Bitcoin News
• RIOT BLOCKCHAIN, INC.
• Stock in Queue: Riot Blockchain, Inc. (NASDAQ:RIOT), The Charles Schwab Corporation (NYSE:SCHW)
• Riot Blockchain shares edge higher after Cantor Fitzgerald initiates at Overweight
• Crypto Stocks for long-term growth

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Riot Blockchain Struggles At Must-Hold Level As Bitcoin Fails To Buck Its Trend: What’s Next?

Since the beginning of the year, the big story on Wall Street often hasn't been the pandemic. Rather, the buzz has been about the retail movement and the desire to seek out the next short squeeze. In simple terms, short-sellers are investors betting on a lower share price. Conversely, given that there's no theoretical ceiling as to how high a stock's share price can fly, losses for short-sellers are unlimited.

A short squeeze is a very short-term event that involves short-sellers rushing for the exit at once. To exit their position they'll need to buy shares, which only further exacerbates the potential runaway upside in a publicly traded company. The thing about investing for a short squeeze is that it's usually a poor strategy with few winners. Stocks with high short interest are often struggling businesses and rightly worth avoiding.

Although the following five heavily short-sold stocks are all potentially on the short-squeeze radar for retail investors, I wouldn't expect a squeeze out of any of them. As of the end of June, more than But this is the perfect example of a stock where pessimism is warranted.

Despite there being room for plenty of EV manufacturers in the U. The company exaggerated the technological capabilities of its Nikola One electric semi truck, and its founder, Trevor Milton, stepped down from his role as executive chairman in a middle-of-the-night tweet.

What's more, the Securities and Exchange Commission is also conducting an investigation into Nikola on the heels of a short-seller report from Hindenburg Research last year.

Some of the allegations in that report were confirmed by a Nikola internal review. Building an EV company from the ground up is a difficult and cash-consuming process to begin with. Adding a public relations nightmare on top of it all makes this stock an easy avoid and likely kills its chances of a short squeeze.

There were roughly 20 million shares held short at the end of June, which compares to a tradable float of 72 million shares. Since mining companies are paid via block rewards 6. Secondly, the barrier to entry for cryptocurrency mining is nonexistent. Over time, Riot is going to face increasing competition to validate groups of transactions, known as a block, on Bitcoin's blockchain.

The third issue is that Bitcoin's block rewards halve every four years. By , the block reward will halve again to 3. Essentially, crypto mining stocks like Riot Blockchain are competing for a shrinking pie, and they're entirely dependent on external factors. That doesn't sound like the recipe for a sustainable business model. By the end of June, approximately On one hand, Inovio has an impressively large pipeline consisting of 11 different clinical-stage compounds.

On the other hand, the company has been in business for more than four decades and it's yet to develop a therapy that's been approved by the U. Inovio always seems to offer promise, but it's consistently failed to deliver.

Though it initially looked as if Inovio would be a vaccine frontrunner in the U. Months later, the U. Even though anything could happen during clinical trials, skeptics are historically batting 1. As of June 30, As with Nikola, there's plenty of hype surrounding EVs and EV infrastructure, and there'll no doubt be winners.

But Blink Charging is unlikely to be one of the winners, primarily because it's not investing any of its capital into research and development , at least based on what I and you can see from reading its quarterly Q filings. Innovation is paramount when it comes to EVs and EV infrastructure.

There's also virtually no barrier to entry when it comes to EV infrastructure. There's nothing specific about Blink's charging equipment or its networks that implies it'll be the go-to for green-focused cities and auto manufacturers. This high-flying company has a very small float of only 7. To be blunt, MicroStrategy is a software company in name only.

That's because CEO Michael Saylor has seemingly ignored his company's analytics operations in favor of buying Bitcoin. The issue is this: The bulk of MicroStrategy's funding to buy Bitcoin has come from issuing debt. In other words, Saylor has put his company billions of dollars into debt to buy an unproven, highly volatile asset.

In addition, the company's enterprise software sales have declined for six consecutive years. You'd think the CEO would be focused on turning a tangible business around.

However, Saylor seems to spend more time promoting Bitcoin on Twitter. Suffice it to say, MicroStrategy is unlikely to squeeze its short-sellers out of their positions. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price.

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Blockchain and crypto are broken

These startling figures can, in large part, be attributed to increased institutional adoption that has been witnessed in relation to this industry in the recent past. Additionally, even a number of traditional banking institutions have entered the crypto fray recently. Wells Fargo, one of the oldest banks in the United States, is the newest member of a list of growing financial institutions to offer its wealthy clients indirect exposure to Bitcoin. People are just waiting for a trend, so any slightly positive news could cause the price to move dramatically.

Bitcoin News

Since the beginning of the year, the big story on Wall Street often hasn't been the pandemic. Rather, the buzz has been about the retail movement and the desire to seek out the next short squeeze. In simple terms, short-sellers are investors betting on a lower share price. Conversely, given that there's no theoretical ceiling as to how high a stock's share price can fly, losses for short-sellers are unlimited. A short squeeze is a very short-term event that involves short-sellers rushing for the exit at once. To exit their position they'll need to buy shares, which only further exacerbates the potential runaway upside in a publicly traded company. The thing about investing for a short squeeze is that it's usually a poor strategy with few winners. Stocks with high short interest are often struggling businesses and rightly worth avoiding. Although the following five heavily short-sold stocks are all potentially on the short-squeeze radar for retail investors, I wouldn't expect a squeeze out of any of them.

RIOT BLOCKCHAIN, INC.

One of the major objectives of the platform is to present practical recommendations on capital sharing between public and private institutions in the form of updated information and in-depth analysis. Click here - to use the wp menu builder. How Did That Happen? Analyst's Research. Following its financial earning, Stitch Fix Inc.

Stock in Queue: Riot Blockchain, Inc. (NASDAQ:RIOT), The Charles Schwab Corporation (NYSE:SCHW)

Add to Track list. This is not a good sign for the stock and its daily term trend is down. This is not a good sign for the stock and its short term trend is down. This is not a good sign for the stock and its short to mid term trend is down. This is not a good sign for the stock and its mid term trend is down. This is not a good sign for the stock and its mid to long term trend is down.

Riot Blockchain shares edge higher after Cantor Fitzgerald initiates at Overweight

The largest cryptocurrency trading down 7. The US State Department said on Sunday it was ordering diplomats' family members to leave Ukraine in one of the clearest signs yet that American officials are bracing for an aggressive Russian move in the region. Fears of conflict pummelled shares across the world while bolstering the dollar and oil. Nerves over the US Federal Reserve's two-day meeting starting on Tuesday, added to the mix, with the central bank expected to confirm it will soon start draining the pool of liquidity that has supercharged growth stocks. Smaller cryptocurrencies, which tend to move in tandem with bitcoin, also slumped. While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective.

Crypto Stocks for long-term growth

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Riot Blockchain Inc. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns. Click here for full details and to join for free.

Interestingly, Delta variant fears, inflation concerns, and supply chain constraints were not enough to move markets lower. Large cap stocks outperformed small caps while large cap growth outperformed large cap value. Financials, Communications, and Utilities led the way with 5. Markets continue higher led by a never-ending dovish Fed. Laissez les bons temps rouler! Let the good times roll! The July PMI reading indicates economic expansion for the 14th consecutive month.

Sure, Bitcoin and mining stocks — like Riot Blockchain — have pulled back in recent weeks. However, it appears the pullbacks are overdone. Look at Bitcoin, for example.