CLSK fake out breakout past trend resistance 😰same thing happened to NFLX recently, this can dip to 5.10-5.3 pivot level area before the next move higher
target 7-8 after the dip 🎯 boost and follow to show your support 😛
CLSK trade ideas
CLSK LongSold at 1st Target on CLSK at $7
BTC holding at $30K for so long and enduring harsh news this summer feels good.
Regulations will build investor trust and a lot of bad actors have been weeded out.
Cleanspark is one of the most promising mining companies currently. DYOR
Predicting more action through the summer and a continuation of the channel.
Targets $12 and $20
CLSK | Informative NASDAQ:CLSK
Technical Analysis for NASDAQ:CLSK :
If the price of CLSK breaks above the bullish line of $6.24, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $6.84.
Conversely, if the price of CLSK breaks below the bearish line of $5.41, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $4.33.
$CLSK Booming Bitcoin Bonanza In April 2023, Bitcoin price exceeded $30 thousand for the first time since mid-2022, fulfilling crypto investors’ dreams of spring. The end of Crypto winter has left Bitcoin as a mere shell of what it once was, that said, spring is when young buds blossom into mighty trees. One such bud is CleanSpark, Inc. (NASDAQ: CLSK), which is a BTC miner that is expanding its operations amid Bitcoin’s recent surge. As things stand, CLSK stock is up 185.7% YTD and has the potential to further run thanks to its expansive endeavors. For this reason, CLSK stock could be one of the best Bitcoin miners to invest in this year.
CLSK Fundamentals
Looking to capitalize on Bitcoin’s boom, CLSK has engaged in a series of acquisitions and expansive purchases, the latest of which is the acquisition of two major facilities in Dalton Georgia, which started operations shortly after the purchase in late June. Currently, about 1.5 thousand machines are live which are currently contributing just under 1 EH/s – with an additional 4.5 thousand miners expected to commence operations in the coming weeks. Given its current 6.7 EH/s processing rate, this increase in production will likely assist CLSK in reaching its year-end target of 16 EH/s which is a major step towards profitability.
In addition to Dalton, CLSK is currently in the midst of another undertaking in Georgia. Currently, CLSK is expanding its Sandersville facility, which when completed will add over 6 EH/s to its mining operations. Based on these actions, CLSK is setting itself up to become one of the most successful Bitcoin miners.
BTC Halving
On April 26, 2024, BTC will be halved which is likely to cause the price of Bitcoin to rise – not immediately afterward. The significance of the halving lies in the fact that Bitcoin production will become a tedious task and the market’s supply will dwindle. CLSK’s actions take into account the halving process as by increasing its processing capacity it becomes capable of creating more BTC post-halving. Additionally, if CLSK starts stocking up on BTC pre-halving, it could potentially ride the post Bitcoin halving run which would likely increase its cash balance substantially causing CLSK stock to soar.
A Shift Away From Banking
Bearish banking indicators have bombarded the US populous, causing a shift away from traditional banking practices. Due to increasing interest rates and currency devaluation – inflation – many people have opted to utilize Bitcoin as an alternative to traditional banking. This mass migration of funds resulted in a 27% BTC run this past June.
That said, the Federal Reserve is planning on hiking interest rates two more times in 2023, resulting in the interest rate rising to 5.6%, which could cause a flock of financiers to shift their funds from traditional financial institutions to Bitcoin resulting in another run.
Moreover, the recent rise of BTC ETFs is a clear indication of the institutional legitimation of Bitcoin as a form of investment. Overall, the current economic ecosystem seems optimal for Bitcoin’s growth, which in turn could result in a major run for CLSK.
CLSK Financials
According to its Q2 2023 report, CLSK’s assets increased from $452 million at the beginning of the year to $531 million. Meanwhile, its cash balance halved from $20 million to $10 million. On the other hand, CLSK’s liabilities increased from $48 million to $57 million.
In terms of revenue, CLSK witnessed a YoY increase from $37.1 million to $42.5 million, while expenses almost doubled due to its expansion from $34.3 million to $60 million, resulting in its net loss skyrocketing from $171 thousand to $18.4 million.
Technical Analysis
CLSK stock is in a neutral trend and is trading in a sideways channel between $5.06, and $6.16. Looking at the indicators, the stock is currently above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is approaching overbought at 68 and the MACD is curling bearishly.
As for the fundamentals, the growing interest in Bitcoin as an alternative to traditional banking is a major catalyst for Bitcoin miners since they become more valuable when Bitcoin’s price increases. Considering CLSK’s recent acquisitions in Dalton, Georgia, and its plans to reach 16 EH/s by the end of the year, CLSK could be well-positioned to navigate through its business post Bitcoin halving – making it one of the Bitcoin miners to watch closely this year.
CLSK Forecast
Currently, CLSK is increasing its processing speed which is extremely promising since that indicates that it is prepping for the halving of BTC, and also because BTC might run in response to increasing interest rates this year. With the growing interest in Bitcoin as an alternative to the banking sector and Bitcoin’s ongoing surge, CLSK stock may be one of the best Bitcoin mining stocks to hold this year.
Pigeon is long CleanSpark $CLSKCleanspark is on pace to reach 10eh/s in the next 30-40 days. That is late july early august. They have the miners on site and racking. They also have the miners already purchased and being delivered to reach or possibly exceed 16eh/s by the end of the year. This is a miner that has been lagging against all others. As book value goes they are severely undervalued and have positioned themselves to become a top 2-3 miner.
Retail investors aren't liking the dilution but it looks like to me they won't need to use all of the ATM as the stock price has increased. Retail and even analysts have low price targets because there is uncertainty they can pull off the targets they've set out. They have diluted 57% over the last 2 quarter to get 2.5x in hashrate, from 6.6eh/s to 16eh/s. I am fine with this as as they are growing before the halving as miners need to be aggressive and also efficient as possible. Pigeon sees this as an opportunity to buy value and have a calculated asymmetrical bet on the books.
There is no such thing as a 'quad top', this is making LH's into resistance. Expecting pace of move to be speed up as that resistance is snaped. Would like to see that zone labeled to hold tho.
Pigeon is long sparky.
CLSK1Y
Volume is decreasing.
RSI is in a downtrend.
MGI is decreasing.
5Y
Volume is decreasing.
RSI is falling.
MGI is decreasing.
ALL
Volume is decreasing.
RSI is at a top.
MGI is falling.
Prediction: There is a gap around $1. Look for a major pullback from here.
For my educational purpose, not to be used as financial advice.
BTC Mining: The Overlooked Crypto 10x+ CLSK, MARA, RIOT, BITFBitcoin Mining Companies may be able to do 10x - 50x or even more if BTC trades over 50K in the 2024 halving bull cycle.
2025 LEAP options may offer leveraged returns even beyond generic price action.
CLSK is just an example. Multiple opportunities in the space. DYOR
1. Most BTC Mining stocks are multiples away from 2021 all-time highs.
2. Bear market has proven which bitcoin mining companies have strong financial bases.
3. Bear market allowed for companies to implement expansion road map with capital from the 2021 bull market.
4. During Bull market these stocks have volatility normally found in altcoins.
Strongest/Largest players in my opinion: Marathon ( MARA ), Riot Platforms ( RIOT )
Highest growth Value in my opinion: Cleanspark (CLSK), Bitfarms ( BITF )
All investments are risky, calculated and managed risks are always required.
bullish confluenceClean Spark has analysts buy ratings, what are you waiting for ?, the AO is trending positive and a bull div on both the RSI and AO, expecting a bounce
CLSK buy at market HODL stop loss $0CLSK buy at market HODL stop loss $0 I mean this thing got train wrecked.
CLSK High volumes with bullish divergence RSICLSK
keeping an eye on the next few days
High volumes with bullish divergence RSI
CLSK UPGRAIDS Chart on our random finds. he took a random bet on my charting and hit so now I have to create a trajectory for my boy.
CLSK Watched this last year and this retracement was insane from the run up. I broke the levels of importance. I like the Higher Low from the 99 percent drop and making a run up and maintaining good trend. If this current support line fails then we will retest the anchor point lower range.
Horizontal Channel Pattern look promising for $CLSK-Multiple bottom sitting at $3.74 area
-Potential 30% rise to $5 in the mid-term
-Pattern looks promising considering S/R lines hit multiple times
-Long Term Target is $10 but we now wait for volume
As always, DYOR
Let me know what you think in the comments!
Patterns Within Patterns (Head and Shoulders) Larger head and shoulders in orange
The head constitutes both the larger Head and shoulders and also the smaller one, which contains the white shoulders
Interesting Inverted H&S Pattern
$CLSK ~ Interesting...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$CLSK cleaning mining 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team purchased shares of digital mining bitcoin company CleanSpark $CLSK today at $5.35 per share. Our take profit is set at $9
Hello guys! This week a new crypto bill has been the main topic of focus inside of the crypto world. NY has also passed a crypto bill which will ban crypto mining via fossil fuels. $CLSK is way ahead of other bitcoin miners and has been building grids which will allow crypto to be mined without using fossil fuels.
Our entry: $5.35
Target: $9.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
:) helloDamn i bought this at 7.5 something an didnt sell when i was up like with 40% damn, this is just a fallen knife looks like it will go to 3,5$ or more scary 1.20$ ? this is just crazy i dont have more money :-/ i was up like 117% last year dont even wanna say whAt is this year, thx all gov. for ruining the economy with you fake pandemi, they want or money an us to obey them thats the problem.
Freedom forever V
$CLSK another cycle 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team purchased shares of digital mining bitcoin company CleanSpark $CLSK today at $7 per share. Our take profit is set at $12
Our entry: $7
Target: $12
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CLSK morning dip buy up 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
The crypto market is at its loading zone. My team is loading up shares of crypto related companies that we believe will surely benefit from this rally.
Today my team purchased shares of clean-energy software and bitcoin mining company $CLSK at $10.30 per share. Our first target is $12.50
Our entry: $10.30
Target 1: $12.50
Target 2: $9.75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CLSK sold our shares with a 21% gain 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: My team purchased shares of digital mining bitcoin company CleanSpark $CLSK at $10.30 per share on March 3, 2022.
We sold our $CLSK shares today at $12.50 for a gain of 21%.
Thank you all for sticking with us through this trade despite us hitting our stop loss on this trade early on. We held through and have been rewarded nicely!
Congrats to those of you who took this trade!
Our entry: $10.30
Target (HIT): $12.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
