CLSK is making a VERY BULLISH pattern (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I don't even have to say anything.. the chart perfectly explains itself!
Yes we can go down a bit more.. BUT WOW!!
if this is not bullish i dont know what is honestly
NFA DYOR - be careful
Btcminer
BTC Miner "Valuation" ChartThis is not advice on who to invest in, or what, do your own due diligence in checking through the total overall hashrate, the future plans of these companies and how diversified they are in their business operations. IE do they outsource some compute for data centers etc. Hint: Data center usage will be gigantic since it's already built and ready to plug and play so to say.
This is just a super simple analysis of the YTD of some miners I think are pretty decent. This is an incredibly risky "sector" but the larger guys with tons of built or in process of being built Megawatts available are not only positioned to benefit from the rise of bitcoin, and the potential for larger companies to scoop them up for their own ai / data center needs. Just my two cents. As always feel free to reach out for questions or leave a question in the comments. GL
IREN's most important channel to watch!Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright the channel/chart explains itself as you can tell
But here is my short description:
This chart has been respected for 2 years now and still is -
What targets do I have for EOY?
Well anything from bearish 7ish to even bullish 25ish
But my conservative target is 14-15 dollars EOY (NFA)
BOOST and follow for more!
NFA DYOR <<<-----
$MARA sub $10 incomingThese BTC miners all look horrible. I don't know how anyone is convinced we're going higher here.
If we look at the chart on the 3D, you can see that we've formed a lower high and price is rejecting the cloud.
Should price get under $20.19, it would be extremely bearish as there is very little support below that level.
I think price likely falls from here down to the trend line, then we consolidate and break that trend line and fall into the grey box.
I'll only be a buyer in the gray box or if price can break back above $30.
CLSK: Big Move ComingCLSK technicals look like the price is ready to make a move up. Weekly MACD beginning to curl higher, higher highs and lows on the RSI, and volume profile support with a massive volume gap to the upside provide for a bullish setup.
BTC is approaching the time frame where historically, post-halving, the price per coin moons higher. Additionally, the US fed is lowering rates and china is providing stimulus to their economy, which will provide for more cash that can make its way into crypto.
CLSK’s hashrate expansion and BTC owned can make this miner a prime benefactor of a bullish BTC move.
WULF potential breakout coming! (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright everyone, This is JUST AN IDEA.
But as you can see.. we COULD repeat this triangle pattern once again!
But remember to watch the lines/channels and not only price targets
We got downside target and we got upside targets -
Hopefully we breakout of this triangle to the upside
I still believe personally we could end the year at: 7-8 dollars
This is just a quick update, have a nice day
NFA DYOR <<<-----
CLSK most important chart and targets! (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I think from a chart perspective this is our MOST important chart for NASDAQ:CLSK
As you can see.. these "channels" got respected all the way up and down
What are the targets? Well I have highlighted some for you on the charts -
but honestly these prices can change a lot since it depends on when
CLSK hits those lines... So stick to watching the lines and not the
highlighted prices I've put onto the chart.
What do I personally think will happen?
Well i believe we either go in the short term down to 7.5-8 dollars OR
we recover here and 10 dollars is coming soon.
How about EOY?
Well because i'm fairly bullish on CLSK and the chart shows it's possible
I believe CLSK will be 14 dollars to even 20+ (lines on the chart)
How about 2025?
Well again, from my personal perspective i believe CLSK could be
Q1-Q2 2025: 30-40 dollars and potentially Q3-4 2025: 50+ dollars
Of course -> NFA DYOR it's very important you WATCH the lines
and don't just follow hopium.
Wulf the next 30 daysHello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Short description here:
I think either we go down to 3.3 - 3.4 area soon
Or we reverse around the current price and seek the middle line
at 4.5 - 4.6 dollars (I hope for this personally)
I think we could be at 5-6 end of October or early November!
Of course this is just a channel and it could be broken both ways
I do hope tho (cause i own Wulf) that this channel is going to hold.
Anyway, BOOST and follow for more!
NFA DYOR <<<----
CLSK: 2 targets I'm watchingHello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright I'll make this message very short cause I don't have time to write a
whole book atm (sorry) -
the chart explains itself = If we keep riding this channel we could see
anything from low 6s (lowest part of channel) to the middle line at
8ish.. IF we break the channel though I'm expecting 12-13 dollars.
NFA DYOR
NASDAQ:CLSK
Wulf Most important channel to watch!Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I had a more short-term chart posted for not long ago that sadly seems to
not be doing what I was expecting (not wrong yet tho)
This channel right here is what i'm watching now for the "larger picture"
It's a much more important channel overall.
I'm watching the 3.2-3.5 area for a good DCA/Buy
and im still expecting October to be 5-6 dollars
and EOY 8-12 dollars.
we shall see! ONLY IDEAS .
NFA DYOR
WULF could be at 6 dollars in 20-30 days (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Anyway, the chart is more than simple as you can see -
We are in a "rising channel" or a "rising wedge" this is
technically considered more "bearish" but only slightly..
I do believe tho if we don't break down and basically repeating
the same 21 days "pattern" then at the 24th October (this month when posting)
We could be at 5.5-6 dollars! = around a 30-40% gain from the
lowest line.
Anyway, we shall see if it's possible or not.
Once again, there is a chance NASDAQ:WULF could break down and
start the whole "bearish rising wedge" pattern, but hopefully not
IF SO, then high 2s and maybe low 3s would be the target
EDIT: could even be a "bear flag" time shall tell.
NFA DYOR <<<-----
BOOST this post for updates and follow for more "BTC miner" content
I suppose we can call it.
CLSK Roadmap for EOY and 2025Hello Tradingview community!
As always: If these patterns I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I think this honestly could be the "roadmap" for NASDAQ:CLSK
My target for EOY is around 15-25 dollars
and my target for 2025 (Q3-Q4 my top guess) around 45-80 dollars
It does have potential/room enough to go down to: 7 dollar zone
But the bottom could easily already be in (In my opinion)
These are idea's and targets I'm watching that I wanted to share
with the whole world - BTC miners needs some love here on Tradingview.
Anyway, BOOST the post if you like it and follow for more!
NFA DYOR <<<<-----
EDIT: Sorry about the "fingers" they get weirdly located when I release the post..
CLSK October targets (NFA)Hello Tradingview community!
As always: This is just an idea and nothing else.. Don't come crying to me if this prediction doesn't work as charted (ty) - NFA DYOR
Alright.. The chart is kinda explaining itself as you can see -
Either we have another low at around 6.5-7.5ish (IMO)
or we have an uptrend finally forming and entering our NEW channel
Bullish targets: 10.5-12ish (I find this the most likely)
I think NASDAQ:CLSK is by far one of the best miners out there -
Yes I'm bias.. cause I do have a few shares (just a bit) But their fundamental info
I've researched by myself is impressive to say the least.
The chart though (and investors) have been suffering the most out of any miner
recently and I do personally think from my TA perspective, that this trend
down we got currently is about to change upwards instead.
Please BOOST this if you find it helpful and follow for future information!
Very few are charting miners and i personally will do a few over the next many months
NFA DYOR <<<----
Who am I? Just a dude that's been charting for years.. I'm sometimes correct and I'm sometimes wrong, It's that simple.
EDIT: I also got other charts on CLSK on my profile.
$CORZ - Core Scientific Bull Run Starts Again? NASDAQ:CORZ - Hey everyone! I'm noticing some familiar signs on the daily chart that resemble the previous bull run. Last time, there was a 250% increase in just 3 months. I can't guarantee the same thing will happen again, but it might be a good idea to consider a swing-long trade on the next pullback. What do you think?
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $7.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RIOT Platforms Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RIOT Platforms prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.98.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CLSK Rejection at $19.91CLSK had a rejection at $19.91. I would be concerned for a significant pullback to around $10. I would want to see more bullishness into the $19.91 resistance level before considering any longs. CLSK and other crypto-related stocks will be impacted by Bitcoin's price action. Bitcoin is showing some bearishness and concerns for a drop so I'm personally not interested at opening longs near previous all time highs unless I see a great setup. For now I think CLSK is at risk of a drop here with a target around $9-10.
HUT 8 - Time to Let it Reload HUT 8 - NASDAQ:HUT
EARNINGS RELEASE: This Thursday 17th August 2023 👀
⚠️The last 3 quarterly earning reports have had consistent 10% or more reduction to revenues .
o Hut 8 is one of North America's largest innovation-focused digital asset mining pioneers and high performance computing infrastructure provider.
o Hut 8 has one of the highest capacity rates for mining in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally.
o With 9,136 BTC, Hut 8 continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company
o On June 26, Hut 8 announced that it entered a US$50 million credit facility with Coinbase Credit, Inc.
THE CHART
The chart speaks for itself. My ideal entry would be off the POC or 200SMA with three confirmations:
1. MACD CROSS
2. OBV VOLUME BREAKOUT
3. RSI OVER SOLD
Safe Trading folks
PUKA
What if to MARA Never Comes MARA - Marathon Digital Holdings
We covered CIPHER (CIFR) Mining recently which is the 3rd largest public bitcoin mining company. MARA, which we are covering today is the is the 2nd largest public bitcoin mining company in the world. Soon I will cover RIOT which is the LARGEST. We save the best till last.
THIS TRADE:
18:1 trade with 592% potential upside and only -32% downside (the stop could be lowered if you have a higher risk tolerance).
Bullish Developments on the chart:
- Price above the POC means strong underside support
Point of Control (POC) is the price level at which
the greatest number of contracts have been traded
within a volume profile.
- Above 200 day SMA means further strong underside support along side POC line. The 200 day
SMA has not turned upwards yet and I would be much happier is this would materialize.
- We are potentially breaking out of the parallel channel right now. We need confirmation of this. I would prefer the 200 SMA to turn up and for price to bounce off it at some point. This would provide additional comfort.
FINALLY, I think this could be also fall into the long term trade category. The RR is exceptional. The stop can be tight or a little looser. For me, im playing the long term game with BTC and will be holding positions long term in Miners too. If the trade plays out ill be skimming the position for sure but ill be leaving positions run and will update as we follow.
Play it safe guys. Positions that mean nothing to you. Remove and/or manage emotions with position size.
Some Fundamentals to help MARA stick in the mind
- 2nd largest public bitcoin miner
- MARA have 105,200 mining rigs deployed (CIPHER by comparison have 70,000 rigs and RIOT have 84,000+. My understanding is RIOT have the newer 2,000 Antminer S19j Pro miners and 3,000 S19 Pro rigs which arguably perform better) Ill make a table of these differences at some point
- Interestingly the market cap of MARA is $1.98bln just behind RIOT at $2.00bln. CIPR is $0.70bln
- MARA mined 825 bitcoin in the month of March 2023 (Cipher by comparison mined 493 in May and RIOT mining an ATH of 740 BTC in Jan 2023). Again ill do a bit of digging here to see can we get updated figures.
Thats all folks, stay posted for RIOT coming next and some comparison work on T--itter
PUKA