Got a correction in Bitcoin which should lead to a new level of consolidation in the 40s imo. Adding shares on miners with solid growth and revenue. ETH is still up, showing this move is likely a final dip attempt on BTC before a final push.
Major median will guide price. Major hagopian support but dont think we need to worry about this level.
Cleanspark will be another miner getting to 30 exahash (units purchased and ordered.) Based on efficiency and other important metrics, they are always ranked in the top 3, yet their marketcap is not priced accordingly based on their hashrate and growth. This is one advantage understanding BTC mining can benefit you in your investment decisions.
BTFD!
Cheers...
10.08 EH/s HASHRATE
26.4 J/TH EFFICIENCY
88,924 DEPLOYED FLEET
720 PRODUCTION
3,002 BITCOIN HOLDINGS
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Far right of the Market
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Sry, wrong screen. Obviously as close to the pivot you want for risk, but Cleanspark has been holding very well comparatively. I'll buy these C targets, same setup as MARA
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The recent drama surrounding HUT really showcases that all miners are not created equal. I was listening to the fireside chat from Cleanspark CEO /co founders, and the more I hear from Zach and Matt, the more I really appreciate the company. Here's the link :
If you contrast CLSK with HUT 8 in terms of investor relations and knowledge of Bitcoin mining, you will see that there is no comparison. Whereas HUT 8 Corp is primarily represented by Sue Ennis who seems to lack anything resembling a brain, Cleanspark is helmed by two guys who I consider on equal footing to Fred Thiel over at Marathon, Jason at Riot, and Daniel over at Iris Energy. This is what investors want! No BS, no dodgy answers, and bitcoin mining intelligence. I pulled away some capital that I was saving for HUT 8 to put into a more sustainable company. CLSK is now my largest mining position.
Here's my chart update with what I am expecting, or maybe Im just so bullish and this is hopium. Highlighted boxes are extension targets. Not sure where this bottoms, as I do think we got one more kick to the downside later. But no reason to think this pivot high on Cleanspark breaks.
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Linear, D
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Weekly Fibs
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Cleanspark has purchased some facilities to get the 20 exahash finalized. They still have new S21s arriving this year and will need to spend about 100 million on more facilities to house the new fleet. Here is the latest update.
Company ventures into Mississippi with acquisition of three turnkey operations that are expected to generate operating hashrate of 2.4 EH/s
Expands in Dalton, GA, with acquisition of third site and expansion of existing Dalton facilities to bring total expected hashrate there to 2.4 EH/s
H4 update, clean algo target. Also some wave extensions for potential wave 3.
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Weekly update
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Nice setup here. Looking for discounts for the 4th wave. Highest prob target for w3 hit.
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Discount on standby. Algo target 18 then will reassess 🪠🫷
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Wave 3 targets on chart. Best bears get are wave 4s imo.
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My thoughts for February and March - Sideways and up imo.
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Wow
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Not much to update. imo, CLSK still trading at a premium. If its not gonna drop a few dollars then its gonna be heading right towards the median line. Daily geometry is strong resistance. If CLSK is gonna go then it's gonna go! Then we got bigger problems lmao 🫡
Daily Chart :
*notice the .50 is under that high. makes me the think unlikely
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2W chart!
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Macro 618 resistance on CLSK. Here is where I will be interested to add shares if conditions are met.
Hi! HODling 500 shares of this beast, added a little at around 7.5, and was waiting for a push lower towards 5$ to load fully. Now it went to 14$. do u think we still can go lower from here?
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@trader682, Sup bro. lmao! I'm looking for dips on CLSK here, however, it does have higher 18 dollar target so not sure if we range and go there before better dip. Atm all I am watching is the gap. Need to see how the week opens. Cheers bro ✌️
Hi do you trade clsk on binance? This is new to me, I only trade futures. But I am very open to new investments and this looks juicy
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@Tigressa13, Nope, only stock exchanges. Be sure to check out my other ideas on miners.
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I sure will. I am in the UK, and I have always wanted to get on stock exchange, but can’t seem to get my hands on the right one. Do you have any pointers?