CLSK is deep into the demand zone here and ripe for a call setup. I was caught off guard with this sudden flash dump as you can see my first entry was higher than normal for my liking. I chose June for calls for this very reason. I was able to heavily lower my average as CLSK dipping into a local daily demand zone. I still think the 25$ june calls are a buy...
No other miner has these good vibes when BTC is rallying back to the highs from the recent dip.
Watch out for the rally if BTC continues tmrw.
High IV name , my preference would be commons , not options.
Long between 16-17
Stop loss - 15
Target #1 - 20
Target #2 - 24
Target #3 - 28
Well Done CLSK! its beautiful run so far with the help from Crypto Bitcoin.
it has good earning and potential to expand further in 2024 after Cryto breakout of $50,000
a strong resistance. This attracts more investors with strong volume despite Analyst's rating of $15. Its the best among other Cryto Small Cap stocks.
Targets: $22 the ceiling price above Price of...
Got a correction in Bitcoin which should lead to a new level of consolidation in the 40s imo. Adding shares on miners with solid growth and revenue. ETH is still up, showing this move is likely a final dip attempt on BTC before a final push.
Major median will guide price. Major hagopian support but dont think we need to worry about this level.
Cleanspark will be...
Clsk is struggling to stay above the 14.00 area.
Same area was hard resistance (red arrow) after the stock succeed to break that 14.00 area, she keeps her momentum till the 24.50-25.00 area and from then the stock is deep to 14.00 area again, and now the same area in intended to be a support zone (green arrow on the right)
On top of i, the same area is a daily...
CLSK - struggling to stay above the 14.00 area.
Same area was hard resistance (red arrow on the left) after the stock succeed to break that 14.00 area, she keeps her momentum till the 24.50-25.00 area and from that point the stock dive to 14.00 area again, and now the same zone is intended to be a support zone (green arrow on the right)
On top of it the same area...
Man this thing dumped right as I entered, this is an important visualization of my initial entry and how important averaging in can be. I waited for the stock to hit the demand zone for heavier DCAs. I went with 25$ June calls here. I actually added more to the position today as well since we are now deep in demand. I expect a quick pump from BTC to all-time highs...
CLSK is showing bearish divergence in the weekly and daily divergence. All miners are struggling pre halving. CLSK is seeing some wild price swings in the past couple of weeks. At the moment, crypto market as a whole is putting in some kind of topping action and a correction is coming soon. CLSK is putting in a massive triangle, which should be in its last leg....
Mar 27 Wed's false breakout was an x wave, followed by a quick reversal down. This wave down should be in 5 waves. Bulls should be patient to wait to go long again till at least the end of April / May. Watch when RSI breaks below wave 2, correction would be almost finished.
CLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has
topped at the channel's resistance trendline. The RSI has bearish divergence while the
predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade
CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the...
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...
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...
