Trainwreck

$CLSK Time Again?

Long
BATS:CLSK   CleanSpark, Inc.
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.


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