Riot Blockchain: You Really Are a Funny Stock!

Despite the appearance of satire when this news came out a few weeks ago, Riot Blockchain Inc., formerly Bioptix, Inc., continues to sport an attractive daily chart, seen below. 

If RIOT clears $9 again today, in fact, a long setup can be had for this highly speculative play focused on bitcoin and Ethereum blockchains.

To be clear, there is nothing wrong with taking a pass on all bitcoin-related plays if you deem the space to be too speculative for your personal risk tolerance. 

But with RIOT basing fairly well since its high buy volume spike a few weeks back you will notice that, unlike HMNY, this stock seems a bit better suited for an imminent move for continuation higher. 

More on the broad market in my usual Midday Video for Members.