CLSK, nothing changed, $40+ incoming, 2x minNASDAQ:CLSK is low cap asset and is prone to large volatile swing like we are seeing but also gives way to opportunities.
Price is attempting to breakout the macro triangle upper boundary was rejected at first. Breaking above wave D at $24 is key to trigger the thrust I'm looking for towards $42 and $80 all time High Volume Node after that.
Price has momentum above the weekly pivot 200EMA but currently trapped in a High Volume Node where we expect price to stall before continuing upwards.
RSI can stay in overbought for months.
Participants are still afraid of this asset coming against them and its volatility, a reflection of the broader sentiment of FEAR in retail that is still persisting at all time high. Ridiculous bear market PTSD.
A recipe for MUCH higher. until market wide confidence takes hold.
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Miner
Bitdeer BTDR Macro Outlook. Nothing changed, Min 2x to come $54NASDAQ:BTDR is a low-cap volatile asset so traders and investors should expect wild pullbacks like we are seeing and is feature of these type of assets and is why we can make so much money from them when using the right strategy.
The macro structure is bullish in an Elliot wave ABC as there are many series of 3 wave structures.
Wave (3) of C of (C) is underway with a minimum target of the 1.618 Fibonacci extension $41.17 but price can significantly overextend in these assets.
Terminal target is the channel upper boundary and R3 weekly pivot at $55. A break out above this would be very bullish and could see prices as high as $80+
RSI has months left of upside. Analysis is only invalidated below the 200EMA.
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BTDR Volatile, but uptrend intactNASDAQ:BTDR had a huge bearish engulfing candle Friday. I keep my positions smaller on these assets.
Price is still in a wave 3 breakout towards the $25 High Volume Node target. It appears wave (1) of 3 is complete with a wave (2) target of the daily pivot and 0.5 Fibonacci or golden pocket zone nearby. That would also test the untested wave 1 high as support a highly likely event.
RSI has reset to the EQ where it often finds support in a strong uptrend.
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RIOT.. Nothing changed, $40 targetNASDAQ:RIOT broke out through resistance earlier than expected! A retest of the High Volume Node as support is highly likely event and price has a little down to go to get there. It may even be front run today.
RSI is overbought with no bearish divergence and can persist here for months in trending asset.
Wave II is underway and the next target is $40 High Volume Node resistance and the R5 daily pivot.
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CLSK Rejected at thr major resistance, higher to go CLSK hit our first take profit target at the major resistance High Volume Node but has broken out of the macro triangle structure hinting at a big move still to come! Nothing concerning for me yet happening.
Wave 3 is underway to a minimum target of the $40 High Volume Node
RSI is overbought but no divergence and this can persist up here for months.
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CLSK Breaking out!CLSK continues with momentum closing above the macro triangle upper boundary trend-line and now testing the last resistance before a breakout! This will coincide with a break above wave D and flip the macro structure bullish bringing in more capital!
Daily RSI is overbought with slight bearish divergence but can remain this way for weeks in a strong uptrend!
IREN Wont Quit! Fib extension Analogue targets..NASDAQ:IREN Has ran all the weekly pivot in an astonishing wave III. RSI is extremely overbought.
The next Fibonacci extension targets (analogue scale) are the 3.618 at $59 and the 4.236 at $68 for a wave 3 termination.
Fibonacci log targets are as high as $400 but this seems unrealistic so switched to analogue in this case! Stranger things have happened still...
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BTDR Closed above the weekly pivot!NASDAQ:BTDR Wave (3) is underway and price has overcome the weekly pivot for now and bulls want to see this hold! The trend is up, the supports have been tested and the all time High Volume Node is the next target $25.
Fibonacci extension targets are minimum if $38 at the 1.618 with possibility to overextended bringing up the next target of the R5 weekly pivot at $76
RSI is not overbought and has plenty of room to grow, reaching the next leg often kicks in serious momentum!
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RIOT Macro, Higher for Longer!RIOT’s weekly RSI is overbought but can stay like this for many months as price continues upwards, just look at IREN!
Elliot wave (II) completed at the golden pocket. Price is finding minor consolidation at the wave (I) High Volume Node but is expected to break through with current price action and accelerate to $40, the High Volume Node and R5 weekly Pivot. Momentum is in control. Wave (III) has a minimum target of $50, per Fibonacci extension rules.
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MARA Ready To Finally Move towards $30?MARA’s Elliot Wave (II) retracement front run the Fibonacci golden ratio and has now overcome the weekly 200EMA. The weekly pivot looms as strong resistance $21 just above the first target of our recent trade signal. If wave (III) is underway we should see price begin to accelerate alongside Bitcoin with an initial target of $31 followed by $80 High Volume Node.
Expect price to consolidate at the wave (I) resistance $30 for a while. Weekly RSI is crossed bullishly at the range EQ giving it room to move bullishly!
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CLSK Testing Macro Triangle Upper Boundary!NASDAQ:CLSK Macro analysis shows a multi-year triangle has completed at the mid EQ, where price has the highest probability of completing wave E. CRYPTOCAP:XRP Did a x10 after this breakout and I am expecting similar move with CLSK.
Price should consolidate for a while in $16-$20 range as it works through wave D and trend-line resistance. Downside target is the weekly pivot at $13.45 which could offer a great buy!
All time high sits at $80, triangle pattern target is extremely high at $200 (triangle height measured from wave E bottom) but take this with a pinch of salt and keep your profit taking realistic! Crazier price moves have happened!
Weekly RSI is not yet oversold and price often gathers months of strong momentum when RSI gets to these levels reinforcing the analysis.
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WULF Still in wave 3!NASDAQ:WULF continues to push onwards in wave 3 although gradually. The first target remains $13.48 High Volume Node followed by the macro channel upper boundary trend-line.
Support target is the daily Pivot and High Volume Node at at $8.27 and this is also the wave 4 expected Fibonacci retracement zone of 23.6-38.2.
Daily RSI does have bearish divergence from overbought so a retracement is likely.
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IREN still in the bull-trend range!NASDAQ:IREN continues upwards in a tight bullish channel but how long can this extend? R5 pivot targets suggest $65.
Bearish divergence in overbought RSI keeps being negated for now.
Wave (4) downside target is currently the 38.2 Fibonacci retracement at $30.44 and this iwll extend higher as long as price does.
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HUT downside still to come?NASDAQ:HUT has had a great rally finally being subdued by the macro channel upper boundary resistance sending price back to the High Volume Node support on overbought RSI.
RSI has reset to the EQ but has room to fall (or grow again). The next target is the High Volume Node resistance and R4 pivot at $44 with a terminal target of $65
If price loses the support node the next support target is the pivot and wave 1 high $24 and I would look out for a long here if we get it.
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BTDR Bounces from previous swing high support!NASDAQ:BTDR found support at the at the wave 1 high and R1 pivot and looks poised to continue to the first take profit target and all time High Volume Node tat $25! Wave (3) of 3 appears to be underway so should continue to be powerful!
Analysis is invalidated if we drop below $13 and lose the High Volume Node support which sits at the Fibonacci golden from the wave (2) bottom.
RSI did not reach overbought so has room to grow.
Safe trading
RIOT doesn't want to retrace this time!After hitting the High Volume Node and first take profit area NASDAQ:RIOT was rejected as expected but instead of a deep retracement continued to push powerfully back into the node looking poised for a breakout above!
Once the resistance is clear and tested as support RIOT should move quickly to the next High Volume Node and take profit area at $40.
Analysis is invalidated below the R2 pivot, $16, and the retracement will instead be underway!
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MARA Huge bullish engulfing!NASDAQ:MARA had a huge bullish engulfing candle yesterdays almost eclipsing 9 days of price action in 1 session, a characteristic candle for wave 3!
Partial take profit target for me is the High Volume Node between the R4 and R5 pivot, $20, where I expect price to struggle before more upside. Next target is $28 at the descending macro resistance trend-line.
RSI didn't hit overbought and was rejected back to EQ resetting for higher.
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IREN Wave 3 complete Wave 3 appears to be complete with a thrust above the weekly R5 pivot on NASDAQ:IREN .
Sentiment is extremely greed on social and mainstream media warning of a top.
Wave 4 has a target of the R3 pivot and 23.6 Fibonacci retracement at $28, new traders and investors will be trapped buying the hype...
I will look for new longs in this area as I think we go higher long term...
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MARA Wave III Underway!Local Analysis / Targets / Elliot Wave
MARA appears to have begun wave III with a rally out of the range and above the daily 200EMA. Wave III has a price target of the High Volume Node resistance at $31 but with the current tailwindsI I expect to overextend.
RSI is overbought and there is looming resistance from the wave 1 high just ahead. Traders should be cautious of this resistance and expect a range below for a while.
Standard Deviation Band Analysis
Standard deviation bands shows price coming into the fair value regression line as resistance. A breakout above this will bring up the SD+2 threshold target of $55. Bands offered a great buy opportunity when price dipped into the green opportunity zone at $3.
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RIOT At First Target!Local Analysis / Targets / Elliot Wave
There was a lot of doubt on TradingView for this breakout but here we are! Price has now come into the High Volume Node resistance after nearly doubling. Wave III appears to be underway with a minimum expected target of $46 per Fibonacci extension tool. Breaking out of the resistance is key for now but once it happens price should move fast.
Standard Deviation Band Analysis
Standard deviation bands show price is only just overcoming its fair value so has plenty of momentum left in it. The SD+2 threshold is the next target at $30.
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