Focus List REview Pre-Open 7-23-24Going over our Main focus list Pre-OPen looking for A+ trades only
CLSK trade ideas
Going over our main Focus list 7-22-24 4hrGoing over our main focus list looking for how we could have traded them better. going to move this review to the morning session after our ES overnight price action video. keep working hard. get some rest and prepare yourself for battle tomorrow.
CleanSparkEntry Point: Consider entering a long position if the stock breaks above the recent high of $20.49 with strong volume.
Stop Loss: Place a stop loss at $16.08 to manage downside risk.
Price Target: Aim for an initial price target of $24.25, aligning with the average analyst forecast. A more aggressive target could be $30.00, contingent on sustained bullish momentum and positive news flow.
Conversely, a short position could be considered if the stock fails to maintain above the $16.08 support level, with a stop loss at $19.65 and a target near $13.24.
The recent price action shows CLSK rebounding from a low of $16.08, reaching highs around $20.49. The bullish candlestick patterns observed in the recent sessions indicate strong buying interest. The Ichimoku Cloud analysis shows the price action above the cloud, confirming a bullish trend.
$CLSK repeating price actionI'm more confident that bitcoin will continue to be strong for the next 60 day cycle.
It's interesting to see the NASDAQ:CLSK price action and indicators repeating from last cycle.
It's currently floating above the Komu cloud after a multi month consolidation
The Bollinger bands have contracted after an extreme Bollinger band breakout (not shown for tidiness)
Bitcoin on both final impulse moves was slightly below its ATH
Bought a small position of Aug 23 $25 calls to potentially catch this impulse move.
CLSK is oversold againI'm not a fan of trading this close to earnings reports, so I'm not jumping on this one. Too much negative volatility is possible and when you build positions the way I do as the price drops, a negative earnings report can wipe out months of profits instantly.
That said, the indicator is undefeated in spite of previous earnings reports over the last 12 months so it is tempting. It's very possible a trade could close before earnings, too - the last one was only held for a few days before meeting the exit criteria. But if it slides all the way to earnings time, that's a big bag of stock you're holding when that report drops.
But alas, not being a Bitcoin bro myself and liking to sleep soundly at night, I'm just not brave enough to bite here. I will keep you posted as to how the trade would have worked out though.
Remember: this is NOT investment advice. Sometimes it's a play by play of my trading and sometimes, like now, just entertainment. Be careful out there!
CLSK contractionCLSK is doing its thing again, my cash secured puts have been printing for me. The interesting thing about this chart is while BTC stochastic RSI is heating up on the daily, it remains bottoming on CLSK. CLSK broke my previous wedge to the upside and I Was able to enter a small short at my targeted zones. These zones remains in effect.
-CSP around 15-16$
-Profit taking around the median of the range which is 17.5$
-Covered-calls as we approach 18-19$
CLSKHad a heavy position earlier, closed today to reduce the concentration. Will restore buys as soon as the correction will look more reasonable. Lower time frame chart in the updates
The structure is mega-bullish.
CLSK ranges CLSK continues to range in the general area between 15.5 and 19.5. With BTC rejecting further bearishness for now we look for upside. My strategy for this dump has been to sell 15.5$ and 15$ puts on a weekly basis for premium. I plan to exit the trade at 80+% profit today or tomorrow to capture more Theta decay. Hopefully CLSK will bounce a decent amount above 15.5$ today, if not I will take assignment on these if the premium does not change enough in my favor. I will then sell covered calls as BTC heats up.
-Remember this is a daily chart, these things take a few candles to play out, these are not immediate
AVOID CLSK JULY 7 2024I have clearly explained why to stay away from clean spark. I can catch it at a higher level and minimum risk.
Right now the risk is too much. If you have any questions feel free to DM me.
Clsk looking bullish 6th July 2024The video will uploaded soon with logics and I believe in making money with data and with fluke.
Clsk is looking good to add positions here. Will show you where & when to add option positions in the analysis.
Rentering CLSKI am starting to sell 15.5$ puts on CLSK as it approaches the bottom of the range I have been trading for a few months. I like this strategy as I can be long but accept that there can be further downside at the same time. I will be layering in sells as we dip lower starting now.
-The lowest I would expect CLSK to go to is about 14.3 if BTC gets very bearish on a wick
-I would love a bounce around 15.6ish here but would be happy to slowly sell these if BTC remains boring around 60k
CLSK - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Long CLSK @16.50Same story as JMIA. Oversold and good track record - will post more track record details later.Holding until overbought and profitable.
Bullish Consolidation Ending
bullish kumo breakout after 125 day consolidation
mid point of PF held
triangle thing
triple bottom scoopy thing (iHS)
entry: here and/or WF HH and/or DCA and/or blue PF midpoint
exit: 33-40
SL: <15, below Cloud
CleanSpark Long on Range BreakSeeing a nice stair-stepping pattern on CLSK. This stock has had great momentum and it looks like it could be breaking out of a trading range soon. Could continue to offer great upwards momentum in the near future.
CLSK update on breakoutThis chart did indeed breakout to the upside, as did my Riot chart ( although weaker). We enter steep resistance here, most of these upside resolving wedges I post fall apart and often to back to where the broke out or completely fall apart. With recent BTC weakness I have decided to enter a safer naked put setup 15$ strike for September to juice my downside bet. I have also de-risked and left all of my options selling positions on BTC related stocks last week before the major pivot continued.
-I expect at least 15.5$ here soonish
-Followed by a dip into the demand box again.
Clean Spark is getting ready. 🚀CleanSpark (CLSK) is closely tied to the price of Bitcoin (BTC) because it is a Bitcoin mining company.
When BTC breaks out, CleanSpark tends to follow.
Currently, BTC appears to be preparing for its next upward surge, while CleanSpark is forming a symmetrical triangle pattern.
Once CLSK's price breaks out of this symmetrical triangle pattern, the next move will be confirmed, potentially targeting the previous resistance level at $40.
$CLSK Time Again?Bitcoin is consolidating at the top of a 3 month long range... coiled like a snake and looking like a cup n handle or inverse H&S pattern with targets above $90K. There is $1.5B in shorts from $72k-73K that would be massive short squeeze fodder. ALl of that to say.... CLSK has ALSO been consolidating but in a much more bullish way with bullish divergence going back to March.
I posted "looks like time to get long" on June 5th to my twitter so here is the details on the trade which is now up $2.00 (10%)
I got long-tapping the trendline at support but safest bet would have been to wait to see if Bitcoin breaks out and CLSK pops out of the supply line I used to show the divergence on the MACD.
I am a long time holder of this stock and I add when it makes sense... if you are looking at this for the first time, I would recommend applying any trading strategy looking at the levels.
This is the most profitable BTC miner stock even after the halving cut reward in half - $40 is the target long term.
CLSK ticking time bombCLSK is wedging out like many of the miners, after that wick into the daily demand the stock has a strong recovery and consolidating contraction. We see a breather on the stochastic RSI, a new wick to test the 20 EMA. I think we see a test of the golden fib again on this BTC momentum, this is 22.2$.
$CLSK back test of break outGuys, Its time. BTC ETF, ETH ETF and Election year. Pump this shit. Its go time.
CLSK JAN 2025 $20 Call Option - Bull Run play.Holding options on CLSK into Jan 2025. Looking for CLSK to take out old high, with potential TP at the FIB 1.618 extension.
BTC miner macro reversalCLSK dipped just barely into the weekly demand on a wick. I was thankfully able to average down my 25$ calls for June on this dip. I am in the red on this position but it is looking like the recovery could be massive from here. The daily stochastic RSI is fully reversed, and the weekly is just getting started. With BTC ranging over 70k this is very bullish. Id love to see a push of the golden fib here, I do believe we will be over 25$ by June 21st. I still expect new BTC all-time-highs by end of month as well.
CLSK - long, medium,short-term plans. Technical and fundamental Hello, friends! Shark here, and today we’ll be looking at the technical and fundamental analysis of the mining company stock CLSK. We will cover long-term, medium-term, and short-term plans.
Technical Analysis
Long-term Trading Plan (pink), timeframe 1 month:
Global resistance level: $40
Global support level: $1.74 (established in 2023)
Channel width: 2198%
Accumulation period: 3300 days
Note that the lows on the monthly timeframe are rising while the highs are falling, indicating an accumulation phase. Once the price breaks the global descending line, an active participation phase may begin, potentially leading to significant growth.
Medium-term Trading Plan (blue), timeframe 1 week:
Support level: $14.78
Resistance level: $23.45
Trading range: 58%
Currently, there is no clear direction, and the price moves between support and resistance, indicating an accumulation phase. The price is above the ascending trend line, pointing to a pronounced local uptrend. Consider buying at the levels indicated on the weekly timeframe.
Short-term Trading Plan (yellow), timeframe 1 day:
Resistance level: $18.32 (from daily timeframe)
Support level: $14.78 (from weekly timeframe)
The chart shows a local ascending trend line (yellow). The price has broken through resistance and is now in the middle of the channel.
Consider two scenarios:
Trading Scenario: Buy at the support level of $14.78 with a subsequent rise to the resistance level at $23.45. The potential movement is 50%.
Breakdown Scenario: If the support level of $14.78 breaks, the price may drop to $10.54 (from the daily timeframe), followed by growth to the global level of $40. In this case, the growth potential is about 400%.
Fundamental Analysis
Company Description:
CleanSpark, Inc. (CLSK) is an American company specializing in the development and implementation of energy efficiency and energy management solutions, as well as cryptocurrency mining. The company offers various software and hardware products to optimize energy consumption and improve energy efficiency.
Factors Influencing CLSK Stock Growth:
Increase in Cryptocurrency Prices: As a mining company, CleanSpark is directly affected by cryptocurrency prices, especially Bitcoin. An increase in Bitcoin’s value can significantly enhance the profitability of mining operations, boosting CLSK’s stock price.
Technological Innovations and Expansion of Mining Capacity: CleanSpark is actively investing in upgrading and expanding its mining farms. The introduction of more efficient mining rigs and increased overall capacity can contribute to higher revenues.
Energy Projects and Partnerships: The company develops energy management solutions to reduce electricity costs and improve environmental sustainability. Partnerships and contracts in this field can significantly impact the company’s financial performance.
Regulatory Changes: The introduction or modification of laws and regulations related to cryptocurrencies and the energy sector can positively or negatively affect CleanSpark’s operations. Positive regulatory changes can stimulate stock growth.
Financial Results and Reports: The publication of quarterly and annual financial reports with results exceeding analysts’ expectations can drive stock price growth.
Historical Events Affecting CLSK Stock:
Investments in Cryptocurrency Mining (2020-2021): In late 2020 and early 2021, CleanSpark invested heavily in cryptocurrency mining, leading to a significant increase in revenues and attracting investor attention, driving stock growth.
Acquisitions and Expansions (2021): The company acquired several mining farms and expanded its capacity, positively impacting its financial performance and boosting stock prices.
Financial Reports (2020-2022): The release of positive financial reports and exceeding analyst forecasts also contributed to stock price growth.
Conclusion:
CleanSpark stock has growth potential due to its activity in cryptocurrency mining, technological innovations, energy projects, and positive financial results. However, investors should be aware of the risks associated with cryptocurrency market volatility and potential regulatory changes.
If you enjoyed this review and want more ideas like this, give it a like! Share your thoughts on this asset in the comments below! Don’t forget to subscribe to the channel so you don’t miss new videos and updates. Thanks for watching, see you soon!
