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Summary
Riot's Q1 earnings are supportive of a relief rally at a minimum.
The stock is tremendously oversold, and Bitcoin is at critical support.
The risk is firmly on the bears at this point and I expect Riot to trade a lot higher from here.
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The utterly wild ride that financial markets have endured thus far in 2022 has taken its toll on a variety of asset classes. We’ve seen perennial leaders smacked down from their prior perches, and while defensive names have led at times, it’s only on a relative basis. There have been few bright spots, and certainly not counted among those is cryptocurrencies, or the miners that generate the coins.
I’ve been bullish at times on various cryptos, and I’ve been similarly bullish at times on crypto miners, but one thing that is abundantly clear about both is that they are extremely volatile. That makes them great for trading, because moves...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...