$CLSK / 4H Time FrameNASDAQ:CLSK is in the last Minute degree wave of its correction in wave 2.
The final target would be around 11.42 level.
CLSK trade ideas
$CLSK / Weekly ChartLeading Expanding diagonal pattern as wave (1) indicates well the trend is UP!
Trend of Primary degree as an impulsive wave ((3)).
clsk 1dnice bounce off of the trendline of course the gap underneath id like to see a support confirmation here
CLSK PossibilitesThis is a beautifully structured chart with the asset climbing the stairs to a new all time high in perfect order. It seems it is loss making but I guess the market doesn't care and is pricing forward many years or maybe just desperate to get crypto exposure without the risk of getting into the ecosystem itself. Either way, it looks like a buy now for minimum $45 before the next major pullback
CLSK - Dec 24 BTC100K Part 1BTC100K Plan
- Part 1: Once BTCUSD hits 100K, the plan focuses on purchasing crypto miners CLSK and RIOT. These two stocks showed a significant price gap between their current levels and the previous highs during BTCUSD’s last attempt at 100K.
- Part 2: After the crypto miners peak and start to capitulate, the strategy transitions to shorting Bitcoin treasury companies with weak fundamentals, capitalizing on their predictable pullback.
BTCUSD finally broke past 100K this morning.
- I started placing overnight orders for CLSK and RIOT in anticipation of a market opening spike as liquidity flows in. I used ADR% from the entry price to calculate the risk for CLSK and RIOT.
- I have pegged additional +1R risk for unknown variables
CLSK breakout above 18 is IMMINENT!Diamond reversal pattern on CLSK…crypto miners from MARA to RIOT and others all showing strong buy rates per my algo.
Expect breakout to new relative highs within next several sessions.
Looking for a move to 18-20$ before 12/13 on CLSK in particular. great play for in-the-money options play imo
Monthly Candle Cross Over. Cleanspark on monthlh chart RSI crossover and on high and high pattern creates super bullish. Shall it will break earlier high of US $ 24? Seems looking to chart its possible this time.
Disclaimer : This is not buy recommendations. This is just my thinking. Before taking any action, consult your investment advisor.
Clsk Ready for launchEvery Cycle it Pumps like crazy. At the moment it's still cheap.
I Made a great amount of money 4 years ago and I can't wait for this to happen again.
CLSK, death cross and unfilled gaps from the ATL.On this chart we still have not broken out of the death cross. Our 55 EMA is below the 200 EMA, however we are currently above these 2 Ma's. The bulls need the 55 in (amber) to cross the 200 (white). A drop back below these 2 MA's just might not recover and that death cross is still valid. In purple I am pointing out where gaps have not filled from the low of .97, some of these are very small but they are there on the daily chart... Watch this one closely!!! position has been short since $17.
CLSK eyes on $13.35: Key level now obvious to the whole world. CLSK has fallen a long way and is trying to recover.
Currently testing an established support fib at $13.35
Pings on this fib make it very clear to the whole world.
What happens here will say a lot to a lot of people/money.
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Inverse H&SInverse Head & Shoulder printed on the daily chart.
Breakout of the neckline on increasing volume.
Trading halted on Nasdaq on friday 8th of november pending a T12 halt (Nasdaq requesting additional information from Cleanspark)
According to sources Cleanspark has on the 31st of october 2024 filed (and got approved) an application (8-A 12(b)) to register securities, namely warrants excercisable for shares of common stock at an price of $165.24 per share with expiration date in the year 2028. this implication happened due to the merger of Cleanspark and GRIID infrastructure.
1 warrant = 960,395 shares
165.24 x 0.069593885 = $11.50 (share value when deal was completed)
How this impacts the market I can only guess, but looking at the overall increasing volume and the inverse Head & Shoulders pattern I am drawing the conclusion that we are looking at accumulation and on the verge of breaking higher
Bullcase: Neckline acts as support as price makes higher highs
Next level of resistance at $16 (fibonacci 50% level)
Target: $20
Bearcase:
Neckline breaks to the downside and acts as resistance. Price breaks lower, this was a distribution area.
Asset can be consciderd as weak due to being in the area under the fibonacci 50% level and as price makes lower highs it could trigger a sell of
Target: $5
bearcase less likely due to the macro environment BTC making higher highs as global liquidity is on the rise
$CLSK Potential Movement (11/11/24)The gift that keeps on giving: $CLSK! Unfortunately, it was closed for trading today, but we’ll see what unfolds when the market reopens on Monday.
Key support levels to watch are the previous higher high and break of structure at $13.27 and again at $13. These are solid points for when we kick off trading on the 11th. For resistance, we’re moving to the daily chart, with our next level all the way up at $14.92!
As always, trade with discipline and lock in those profits!
David
Diz-Plin Trading
The Case for MinersBTC is now entering its final form. As I see it, the period beginning now and progressing over the coming months is likely to be the most rapid and vicious ascent of this entire market cycle beginning from the post-FTX lows. This cycle shall also culminate in Bitcoin's long-awaited rise to its greatest potential: accumulation on a global sovereign scale.
Thus, the time to pay attention and allocate to BTC beta, especially miners, has reached its apex. I'm a bit late to this post as I have already positioned in several miners, namely CLSK and WULF, but plan to finish accumulating shares and long calls rapidly. The best entries tend to be on daily closes above previous monthly or quarterly highs, especially when the previous monthly candle was a doji or hammer, indicating accumulation and downtrend exhaustion. This is precisely what we just saw with the candle of the month of September 2024, and I entered on the first daily close above its $10.47 high.
This post is generally for made for posterity and on the eve of a possible daily close confirming a textbook H&S bottom. While the measured move of this patter coincides with the yearly POC around ~$16-17, and it may well see some trouble accepting there, I plan to hold the majority of my longs into the 1st fib extension at $35, and, depending on conditions, will leave some to run to the 2nd extension around $52. RSI indicates that we haven't even entered the bull market phase of this run. Have fun and good luck to all - exciting times lie ahead!
CLSK approaching make or break area boost and follow for more! ❤️🔥 we are almost at a trend support zone that has held since early 2023, as long as we hold above 6 dollar invalidation level a rally higher to 12.79-21.98 is possible from here.
CLSK - a larger pictureI am targeting further ~3x growth
Here is the logic - the evolution of the bottoming out process through 4! Cup and Handle patterns of various degrees. Looks interesting
#Cleanspark before price escalation #Bitcoin #crypto #clskAs Bitcoin begins to break out, equities should also pick up and be boosted to new highs. The first interim target is USD 17 and later USD 21.
The previous all-time high was USD 43 and would be very likely if the Bitcoin price were to exceed USD 85,000 + X.
Greetings from Hanover
Stefan Bode
Sparky's possible road to highsCleanSpark EW confluences FVGs and Fib levels. My target is $32 by end of bull.
It is only an idea.
CLSK: Second ChanceContinuing my analysis by popular demand, next on the list is Cleanspark.
This chart is slightly less predictable than some of the other charts we have been reviewing. In particular CLSK has several zones of confluence coming together, however, its tough to guess where this one may bounce.
Generally, I like to make a base case using the .618 Fibonacci retracement from the bottom to top of the impulse. This level also comes relatively close in line with the Weekly Level of support between $6.50 and $7.50. On my chart, Ive marked this as a watch level because we have also have the Value area High of our previous accumulation period at $6. Currently, Ive created a fixed range profile dating to the last POP in Mar 22 which is actually showing us a current break of the value area, which means lower prices are more probable than not.
Now if we get acceptance back below the CC Fib .618, then I would confidently expect to see us move down to the previous range point of control at $4.50 area marked as the ideal buy area.
Furthermore, what also throws me off about this chart is the upwards trending line marked in green, which would also be nice to tap at around $4.50.
The 2 zones which would give us the safest trade are lining up together at around $4.50 / $5 which would be the range point of control, combined with the upwards trendline.
Hope this is helpful!
Good luck!
CLSKAdding today.
Looks like a nice inverted Head and Shoulders.
I am long Bitcoin, so this high-beta top-miner is my choice.
Trade safe
$CLSK to +$100 a share NASDAQ:CLSK - Here is a "Livermore's Speculative Chart" or "Livermore Cylinder" which refers to a pattern or methodology in technical analysis inspired by the famous trader Jesse Livermore.
At present, one could argue that we are in the final process of the Accumulation Cylinder. This pattern might suggest a period where a stock or an asset's price moves within a tight range before potentially breaking out. This could be likened to Livermore's idea of stocks accumulating or distributing at certain price points before making significant moves.
If Livermore's speculative chart is to be playing out here, perhaps NASDAQ:CLSK stocks price could surge to prices even higher than the most bullish expect..
Time to get the popcorn out 👀🍿....
10/21/2024 - Here is a new Buy breakout chosen mechanically: 10/21/2024 - Here is a new Buy breakout chosen mechanically:
Stop @ $8.09
Entry BUY @ $12.57 or more
Target @ $20.01
CleanSpark Rockets: All Targets Hit in 15-Minute Long TradeTechnical Analysis: CleanSpark – 15-Minute Timeframe (Long Trade)
CleanSpark showed strong bullish momentum, reaching all profit targets after entering the long trade at 9.06. This trade has concluded successfully with all targets achieved, confirming a solid upward trend.
Key Levels
Entry: 9.06 – The long position was entered following a clear bullish signal.
Stop-Loss (SL): 8.81 – Risk management was placed below the entry point.
Take Profit 1 (TP1): 9.37 – First target met, validating the initial bullish trend.
Take Profit 2 (TP2): 9.87 – Continued buying interest drove the price to the next target.
Take Profit 3 (TP3): 10.37 – The uptrend remained intact, hitting the third profit level.
Take Profit 4 (TP4): 10.68 – Final target achieved, confirming the trade's success.
Trend Analysis
The price remained well-supported by the Risological Dotted trendline, indicating strong upward momentum. Each target was hit as the price steadily moved in the long direction, with minimal retracement.
CleanSpark’s long trade demonstrated the power of catching the upward trend early. With all targets hit, this trade stands as an excellent example of precision and market timing.
CLSK, a point of no return once it reverse to the UPSIDE.CLSK monthly data is conveying huge accumulation / net buying from the 3.0 levels. This level has been no question the most important order block level where buyers converge.
A prospect of a generous upward momentum from this price level will be inevitable.
Spotted at 3.5
TAYOR.
Be mindful on safeguarding capital, always.
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Related Fundamental News:
Cleanspark boosts mining capacity with new machinery worth HKEX:145 Million.
👉 The US-based cryptocurrency miner NASDAQ:CLSK (Cleanspark Inc) purchased 45,000 units of the Antminer S19 XP CRYPTOCAP:BTC mining machines for $144.9 million.
👉 The current computing power of CleanSpark is 6.7 EH/s, while the installation of the new equipment is expected to push it to 13 EH/s.
👉 According to the deal, the manufacturer will distribute 25,000 units in August, while the remaining 20,000 should arrive in September. CleanSpark plans to deploy all of them at its mining facility in Sandersville, Georgia.
👉 CleanSpark CEO Zach Bradford said the Antminer S19 XP is “the most power-efficient bitcoin mining machine available in the market today” and raised hopes it will turn into a “key component” for the company’s operations.
👉 He explained that the multi-million purchase and the delivery of first-class machinery is part of the firm’s strategy prior to the Bitcoin halving that is expected to occur in the spring of 2024.
👉 The pivotal event, reducing the rate at which new coins are created, will cut block rewards in half – from the current 6.25 BTC to 3.125 BTC. Many experts believe the process will fuel a price surge of the primary cryptocurrency, similar to previous occasions.
