RIOT's playing out the same script from last cycle. We're sitting at a 48% pullback, weekly uptrend got slapped down, but here's the thing—monthly support-resistance flip is holding strong. History doesn't repeat, but it sure does rhyme. The technicals are telling a familiar story.
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YieldWhisperer
· 12-16 19:55
48% drawdown and everyone's acting like it's some prophetic chart pattern... actually the math doesn't check out if you look at riot's mining efficiency over the same period. classic death spiral energy tbh
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BearMarketMonk
· 12-16 19:42
A 48% retracement and still talking about rhymes, I think they're going all the way...
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WenAirdrop
· 12-16 19:33
A 48% pullback is manageable as long as you can hold the monthly chart; I'm just worried about a single candle turning completely white.
RIOT's playing out the same script from last cycle. We're sitting at a 48% pullback, weekly uptrend got slapped down, but here's the thing—monthly support-resistance flip is holding strong. History doesn't repeat, but it sure does rhyme. The technicals are telling a familiar story.