Cleanspark ? Really ? Lol ! What an irony ! BTC tards like this one... no wonder... The only thing "clean" about this shitshow is the scrubbing of it's books... i've been short this piece of garbage since the top and every time i see it in a story i think... why the hell didnt i short more ?
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"Cleanspark" ... nice name for an energy wasting environment wrecking company... only a company with something to hide would come up with a name like this.
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Hashrate divided by BTC price continues to trend higher making new daily all time highs... in other words more and more miners continue to compete for ever decreasing rewards... this is an unsustainable business model. Furthermore, new Bitcoin users has just flatlined month over month for the first time ever. This in my opinion is the beginning of the unwinding of the worlds largest ponzi scheme.
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"Clean-Spark" .... nnnnyea ok ! Let's see what can we call the company to try to keep the enviro nazis off our tail since we are actually sucking up tons of power for no good reason... how about Clean Spark ! Get it... Clean... and then Spark ? nnnnyea nnnnyea ... brilliant
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I got a new slogan for them... "Cleanspark" ... the spark that ignited the ponzi spiral... one too many miners piled atop a house of cards.
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Most investors in this actually believe Michael Saylor knows what he is talking about and not a coke addicted gambler. Lol
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The fate of CLSK depends on whether i am right about this being a wave 4 bear market ralley or i'm wrong and this is the beginning of a new upswing... seriously , it could go either way... but im leaning towards bear market rally. Trading is about probabilities. There is no certainty. Enjoy the ride.
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a few fibonacci level for your viewing enjoyment... just repelled from the most bearish one...
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also i have specifically targeted CLSK because they mine BTC... the most worthless coin of them all ... when the crypto shitshow takes it's final bow, it will be BTC leading the way to the bottom. Also CLSK likes to pay their executives over 100% of the profits... nice plan ! Those "assets" ... um... ya mean "mining rigs" will be worthless in a BTC sub 10k environment.
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Investors in CLSK have a good close look at this BTC chart and seriously ask yourself... "does this look bullish" ? If you say yes then i suggest you give up your stock trading career here and now. CLSK is a leveraged play on BTC... it is a massive short here !
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BTC shorts forming a large bull flag consolidation inside the giant diamond pattern. Once this breaks out of this diamond the entire shitshow is going down for the count... and that includes ALL associated crypto piggyback companies such as cleanscam.
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Miner revenue... bear flag below long term trend line support. Hash rate continues to increase in a crypto bear market spells doomsday for miners. All i can say is BTC better go back up soon or many of these companies are in deep trouble !
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here's a lesson for you newbies out there... successful trading is like a court case... you have the accused on the stand and we are her to prosecute them ! I never take a trade on one piece of evidence alone ... i challenge the jury to have a close look at exhibits A, B, C and D listed above ^^^ and i render the accused guilty as charged ! Next !
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just have a look at the bear market rallies in Microstrategy... this is proof that chart action alone and typical technical analysis is no match for the irrational coordinated buying by hoards of disillusioned millenials with daddies checking account... i have recently adjusted my trading strategies to account for this ... in other words completely worthless garbage stocks can see massive rallies... you can thank social media for this... its like a massive pump and dump scam... these things used to be done by email but nowadays its twitter, reddit, etc... on the other side there is better shorting opportunities for those that can spot them !
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That last trade was like taking candy from a baby was so easy... BTC plebs dont realize... we have broken the major trendline ! All upmoves should be shorted for the forseeable future. Have a nice day ;)
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Sorry guys i hate to tell you this but it's game over for Bitcoin... wake the fuck up and get the fuck out is all i can say...
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go check my last ideas on BTC if you have any doubt i know my shit... BTC is a mess might have support at the short term trendline upbreak but it will fail and the crash after that will be EPIC !
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the real crash in BTC has not happened yet, you aint seen nothing... the real crash will evaporate 99% of what you own if you own this garbage... youve been warned, if you read this and continue to hold remember to tell yourself later that it WAS YOUR FAULT
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you were warned idiots ! move into gold now or lose everything
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This trade is like taking candy from a baby... or should i say (shhh a millenial baby) LOL
Microstrategy sez they might sell 500 million in shares... LOL Need money to fund those tax evasion charges Mikey ? lololol What a shitshow this is all turning out to be... yea "CHAD" for sure lol... millenials are are the male bimbos of the 21st century.
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...and their entire business succeeding or failing depends on the price of ONE ASSET.... lol... talk about DUMB... CLSK is as stupid as MSTR obviously.
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miners will soon be shutting off their rigs by the tens of thousands and the network will slow to a crawl. BTC death spiral incoming.
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There are now ZERO profitable coins to mine. If someone... or some business tells you they are making money mining they are full of shit. This is a dying business model. Especially if ETH continues to thrive now that mining is dead, expect the entire mining concept to go the way of the dodo bird.
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Where will the sheep panic flock to when all hell breaks loose ? ie. crashing global stock markets and crashing ponzi coins ? Think hard now... that's right... to the only REAL store of value asset for over 5000 years now... gold (and silver)... crypto is the biggest scam yet... this is how far we have come: GOLD(real money)>PAPER(fiat)>CRYPTOS(literally nothing) Cryptos should theoretically be worth LESS than fiat because at least fiat has some metal and some paper in it... cryptos is literally VAPORWARE. ...lol "FEW !" :)
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as much as i hate to admit cryptos follow precious metals, fact is they do... i expect cryptos to follow PMs up as the trend reverses to the upside but eventually fall away as people start to figure out what real money is...
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ask yourself why is BITI up today same day bitCON is up ? HINT:... bears are the smart money :)
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Ready you BTC losers ? All together now ya hear me ? Reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!
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couldnt cross the trendline = WEAK , expect more downside, looking for 16000 ish next
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it's amazing how easy it is to make money when you trade against the herd... lol
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just a friendly reminder... when you lose everything cuz you continue to hold onto a ponzi sheme... IT WAS YOUR FAULT ! ... no one else to blame but YOU
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the LUNA idiots ignored the warnings... same with a shit ton of other crypto rugpull baghodlers... nobody expects BTC to be the same... thats the rub boys... it will be the same and you will be written into the history books as one of the suckers that lost their life savings... now thats a story you can tell your grand kids !
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nice slow grind into the abyss... us shorts love this shit :)
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Here's another good one... Core Scientific... Ooo another flashy name that probably suckered in lots of the BTC Bros... lol... as i warned many times... MINING IS OVER YOU CLOWNS .... :)
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Argo blockchain.... LOL .... PT Barnum was right !
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new promotion, buy 100 shares and get a free red ball for your nose and pair of matching floppy shoes.... bwahahaha :)
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Lol
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This miner short was something that anyone with grade 6 math skills could have figured out... not even any charts required... in fact my 13 year old figured it out lol... Difficulty at new highs, Hashrate at new highs, with BTC making new lows.... DUH ! :)
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Enjoy your clownbucks guys HONK HONK !
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BTC is below monthly trend line support... very bad. Although we are at support zone right now i dont see a possible bottom until around 10k .... and thats wishful thinking at best. LONG TERM BEAR MODE is in full effect now
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Level clown shoes reached ! Hang on a little longer to receive a big red nose :)
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wonder who can guess what the absolute shittiest performing sector of 2022 was ? Lols.... here's a clue... it's the sector i made the most money .... and the most FUN from shorting the shit outta ! hehehe :)
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Minting money outta thin air... Lol... hmmm... now why wouldnt this work as a long term business model.... hmmm...... bwahahahahaha !
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The crypto selloff is only getting started... you've been warned bubs :) ... but ya picked the wrong side ...lol ... us gold bugs warned you over and over... but you just couldnt listen Lol... youtube.com/watch?v=xer32BmkORk
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A big shout out to core scientific for making this short a christmas miracle... Lol ... who's next ? bwahahahahaha !
@etfsandstuff any ETH related stocks to short? Even the Economist predicted their drop....irt seems.
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@fantasyste, I dont trust the economist ... (rothschild owned rag) ... sorry dont know any ETH related stocks... but i suggest to focus on BTC as it is continually losing ground to all cryptos... it is the weakest horse in the race !
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@etfsandstuff, I dont trust them too.....But.... their 2022 the world ahead gave a perfect prediction of events (no mystery, since they control the economy)-next month shall be security issues in West and Missiles in East... interpretation is free...
What if BTC is just a first experiment and a ponzi scheme that may be abolished ? its value is really too high to believe it can be used as the "gold standard" how they continously advertise..............
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@fantasyste, good take... yea they have no problem showing us the truth lately.. they are quite brazen. I agree... im sure they have many more cryptos up their sleeve in case BTC fails... actually the only crypto i really trust is monero... ive followed it for years and used it daily and i have not seen anything suspicious about it... it's universally hated so im on board with that ! I actually think XMR will blow away all of them eventually as we head into hyperinflationary scenario where not only security but privacy is valued a lot more... those who own BTC now have zero clue about privacy.
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rofl
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@DavidStark, im sorry that wasnt constructive. What I meant was... per last quarter financials CLSK holds approx 400 million in assets and at current price ($5.38) is still undervalued by at least half.
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@DavidStark, hey i dont mind being laughed at but you are right, not constructive. Feel free to post your own ideas tho if you are so bullish. It is always those with zero ideas to their credit that do all the laughing and i find that funny myself ;) My analysis is based on BTC price < 13k. Cheers