CLSK is tied to the ebbs and tides of the crypto market especially high market cap Bitcoin. On the 120-minute chart, it is trending up from a reversal. The 0.5 Fib level is above at 10.0 about 10% upside from the current price. Earnings are February 8th. The last earnings saw a big turnaround as CLSK started to make money. Price is currently about 90% below...
H&S with forming bullish flag shows potential for new highs in late 2024, early 2025.
I'm not a fan of slanty head and shoulders patterns, but when looking at the declining RSI it seems like CLSK is heading for a correction ahead of the next halving. We've seen virtually all crypto mining stocks de-correlate from BTC's price over the last few months as institutions move money into ETFs rather than gamble on which miners they think will survive...
I believe we will retest the Value Area High which aligns well with the fib 1 extension of Wave C pullback, before resuming higher. The upside move could be absolutely insane.
Much like my downside targets for BTC, I am prepping for a bullish trade on a pivot. This might not play out as fast as I would like but I will be using the 50-100EMAs for entries most likely. -I will look to 6 month out calls, those will high open interest (this allows you to sell when you need to) -I try to pick popular expiration dates -In summary I am still...
looking to take this long but am open to it going either way. solid plan in place, lets see how this goes
Looking to see CLSK continue in the uptrend because of the BTC move and get back into the trend lines
In my humble opinion I note that a figure of bearish relevance has been forming for days on different time frames. Considering that a retracement of Bitcoin is increasingly plausible, it is advisable to tighten the stops and open some short positions
Refer to previous charts. Been buying since $2. Looking for a move towards ATH as we creep closer to the halving. Big boys playing the rake game at this point. Hodl on
hi traders. After exiting the accumulation zone, the price started a new uptrend. Recently we saw the price hitting the resistance level at 0,5 fib level. We are expecting a deeper pullback as the support at 0.618 fib level didn't hold. Our entry for long would be around 10,50. If the price drops there, it would be another higher low in this uptrend. Target:...
CLSK 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...
All the indicators show a negative divergence on the 4 hour chart yesterday. In order below the chart: Trend = MACD Volatility = Bollinger Band Width Volume = Fisher Transform Money Flow Index Trend Strength = ADX & ADXR(average strength) RSI = Speed + average speed line
Bought March 15th $14/$15 call vertical for $0.55. My breakeven is $14.55, as long as the stock is above $15 by expiration, I will have $0.45 (or 81%) profit. Oversold!
tonight we can have the Head and shoulder with target around $100 confirmed ...
My last post on CLSK closed at all 3 targets hit with a 160% gain... if you missed that one I would NOT chase this stock but IF we get a pullback into this area to close this gap, I would say it would be a good re-entry. Would need to do this before the ETF news I would think...
CleanSpark Inc - NASDAQ:CLSK This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners). The CLSK Trade - Ideal entry would be bounce off 200 DSMA - Risk/Reward from here is 5.55 which is not bad - Stop Loss placement at 200 DSMA or POC Chart...
Still in all my original trades on NASDAQ:CLSK I have continued to add all the way up. Time to ride the wave. Congrats to all that jumped in on this one. #Btc #Bitcoinminer
CLSK has recently been the strongest Bitcoin mining stock and perhaps that has to do with a move to "greener" mining. But another wild gap up today makes this trend unstable and this may become some sort of Evening Star topping pattern may be printing here. Its currently in the 1:0.618 extension "Golden Window" (up to the 0.786 overshoot ratio) and if it pivots...