CLSK approaching make or break area boost and follow for more! ❤️🔥 we are almost at a trend support zone that has held since early 2023, as long as we hold above 6 dollar invalidation level a rally higher to 12.79-21.98 is possible from here.
CLSK trade ideas
Inverse H&SInverse Head & Shoulder printed on the daily chart.
Breakout of the neckline on increasing volume.
Trading halted on Nasdaq on friday 8th of november pending a T12 halt (Nasdaq requesting additional information from Cleanspark)
According to sources Cleanspark has on the 31st of october 2024 filed (and got approved) an application (8-A 12(b)) to register securities, namely warrants excercisable for shares of common stock at an price of $165.24 per share with expiration date in the year 2028. this implication happened due to the merger of Cleanspark and GRIID infrastructure.
1 warrant = 960,395 shares
165.24 x 0.069593885 = $11.50 (share value when deal was completed)
How this impacts the market I can only guess, but looking at the overall increasing volume and the inverse Head & Shoulders pattern I am drawing the conclusion that we are looking at accumulation and on the verge of breaking higher
Bullcase: Neckline acts as support as price makes higher highs
Next level of resistance at $16 (fibonacci 50% level)
Target: $20
Bearcase:
Neckline breaks to the downside and acts as resistance. Price breaks lower, this was a distribution area.
Asset can be consciderd as weak due to being in the area under the fibonacci 50% level and as price makes lower highs it could trigger a sell of
Target: $5
bearcase less likely due to the macro environment BTC making higher highs as global liquidity is on the rise
The Case for MinersBTC is now entering its final form. As I see it, the period beginning now and progressing over the coming months is likely to be the most rapid and vicious ascent of this entire market cycle beginning from the post-FTX lows. This cycle shall also culminate in Bitcoin's long-awaited rise to its greatest potential: accumulation on a global sovereign scale.
Thus, the time to pay attention and allocate to BTC beta, especially miners, has reached its apex. I'm a bit late to this post as I have already positioned in several miners, namely CLSK and WULF, but plan to finish accumulating shares and long calls rapidly. The best entries tend to be on daily closes above previous monthly or quarterly highs, especially when the previous monthly candle was a doji or hammer, indicating accumulation and downtrend exhaustion. This is precisely what we just saw with the candle of the month of September 2024, and I entered on the first daily close above its $10.47 high.
This post is generally for made for posterity and on the eve of a possible daily close confirming a textbook H&S bottom. While the measured move of this patter coincides with the yearly POC around ~$16-17, and it may well see some trouble accepting there, I plan to hold the majority of my longs into the 1st fib extension at $35, and, depending on conditions, will leave some to run to the 2nd extension around $52. RSI indicates that we haven't even entered the bull market phase of this run. Have fun and good luck to all - exciting times lie ahead!
$CLSK Potential Movement (11/11/24)The gift that keeps on giving: $CLSK! Unfortunately, it was closed for trading today, but we’ll see what unfolds when the market reopens on Monday.
Key support levels to watch are the previous higher high and break of structure at $13.27 and again at $13. These are solid points for when we kick off trading on the 11th. For resistance, we’re moving to the daily chart, with our next level all the way up at $14.92!
As always, trade with discipline and lock in those profits!
David
Diz-Plin Trading
CLSK could end 2024 at 17-20 dollars (NFA)Hello Tradingview people!
Before i explain my idea... I just want to make it clear this is an idea and nothing more!
If NASDAQ:CLSK doesn't do this specific pattern I'm showcasing, then don't come crying to me (Do your own research before investing)
Anyway, As you can see on the chart I'm showcasing for y'all, this pattern has worked multiple times in the past and is even known to be the CLSK "bottoming pattern" for the most part.
Again this is an idea and nothing more, but if this does play out i could personally see CLSK being at 17-20 dollars EOY (maybe) and 2025 Q3-Q4 30-50 dollars .
NFA DYOR <<<-------
What do you all think? Comment down below without being rude (ty)
UPVOTE if you like the idea of course.
CLSK - a larger pictureI am targeting further ~3x growth
Here is the logic - the evolution of the bottoming out process through 4! Cup and Handle patterns of various degrees. Looks interesting
CLSK is making a VERY BULLISH pattern (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I don't even have to say anything.. the chart perfectly explains itself!
Yes we can go down a bit more.. BUT WOW!!
if this is not bullish i dont know what is honestly
NFA DYOR - be careful
#Cleanspark before price escalation #Bitcoin #crypto #clskAs Bitcoin begins to break out, equities should also pick up and be boosted to new highs. The first interim target is USD 17 and later USD 21.
The previous all-time high was USD 43 and would be very likely if the Bitcoin price were to exceed USD 85,000 + X.
Greetings from Hanover
Stefan Bode
CLSK: Second ChanceContinuing my analysis by popular demand, next on the list is Cleanspark.
This chart is slightly less predictable than some of the other charts we have been reviewing. In particular CLSK has several zones of confluence coming together, however, its tough to guess where this one may bounce.
Generally, I like to make a base case using the .618 Fibonacci retracement from the bottom to top of the impulse. This level also comes relatively close in line with the Weekly Level of support between $6.50 and $7.50. On my chart, Ive marked this as a watch level because we have also have the Value area High of our previous accumulation period at $6. Currently, Ive created a fixed range profile dating to the last POP in Mar 22 which is actually showing us a current break of the value area, which means lower prices are more probable than not.
Now if we get acceptance back below the CC Fib .618, then I would confidently expect to see us move down to the previous range point of control at $4.50 area marked as the ideal buy area.
Furthermore, what also throws me off about this chart is the upwards trending line marked in green, which would also be nice to tap at around $4.50.
The 2 zones which would give us the safest trade are lining up together at around $4.50 / $5 which would be the range point of control, combined with the upwards trendline.
Hope this is helpful!
Good luck!
Sparky's possible road to highsCleanSpark EW confluences FVGs and Fib levels. My target is $32 by end of bull.
It is only an idea.
CLSKAdding today.
Looks like a nice inverted Head and Shoulders.
I am long Bitcoin, so this high-beta top-miner is my choice.
Trade safe
$CLSK to +$100 a share NASDAQ:CLSK - Here is a "Livermore's Speculative Chart" or "Livermore Cylinder" which refers to a pattern or methodology in technical analysis inspired by the famous trader Jesse Livermore.
At present, one could argue that we are in the final process of the Accumulation Cylinder. This pattern might suggest a period where a stock or an asset's price moves within a tight range before potentially breaking out. This could be likened to Livermore's idea of stocks accumulating or distributing at certain price points before making significant moves.
If Livermore's speculative chart is to be playing out here, perhaps NASDAQ:CLSK stocks price could surge to prices even higher than the most bullish expect..
Time to get the popcorn out 👀🍿....
10/21/2024 - Here is a new Buy breakout chosen mechanically: 10/21/2024 - Here is a new Buy breakout chosen mechanically:
Stop @ $8.09
Entry BUY @ $12.57 or more
Target @ $20.01
CleanSpark Rockets: All Targets Hit in 15-Minute Long TradeTechnical Analysis: CleanSpark – 15-Minute Timeframe (Long Trade)
CleanSpark showed strong bullish momentum, reaching all profit targets after entering the long trade at 9.06. This trade has concluded successfully with all targets achieved, confirming a solid upward trend.
Key Levels
Entry: 9.06 – The long position was entered following a clear bullish signal.
Stop-Loss (SL): 8.81 – Risk management was placed below the entry point.
Take Profit 1 (TP1): 9.37 – First target met, validating the initial bullish trend.
Take Profit 2 (TP2): 9.87 – Continued buying interest drove the price to the next target.
Take Profit 3 (TP3): 10.37 – The uptrend remained intact, hitting the third profit level.
Take Profit 4 (TP4): 10.68 – Final target achieved, confirming the trade's success.
Trend Analysis
The price remained well-supported by the Risological Dotted trendline, indicating strong upward momentum. Each target was hit as the price steadily moved in the long direction, with minimal retracement.
CleanSpark’s long trade demonstrated the power of catching the upward trend early. With all targets hit, this trade stands as an excellent example of precision and market timing.
CLSK, a point of no return once it reverse to the UPSIDE.CLSK monthly data is conveying huge accumulation / net buying from the 3.0 levels. This level has been no question the most important order block level where buyers converge.
A prospect of a generous upward momentum from this price level will be inevitable.
Spotted at 3.5
TAYOR.
Be mindful on safeguarding capital, always.
-----------
Related Fundamental News:
Cleanspark boosts mining capacity with new machinery worth HKEX:145 Million.
👉 The US-based cryptocurrency miner NASDAQ:CLSK (Cleanspark Inc) purchased 45,000 units of the Antminer S19 XP CRYPTOCAP:BTC mining machines for $144.9 million.
👉 The current computing power of CleanSpark is 6.7 EH/s, while the installation of the new equipment is expected to push it to 13 EH/s.
👉 According to the deal, the manufacturer will distribute 25,000 units in August, while the remaining 20,000 should arrive in September. CleanSpark plans to deploy all of them at its mining facility in Sandersville, Georgia.
👉 CleanSpark CEO Zach Bradford said the Antminer S19 XP is “the most power-efficient bitcoin mining machine available in the market today” and raised hopes it will turn into a “key component” for the company’s operations.
👉 He explained that the multi-million purchase and the delivery of first-class machinery is part of the firm’s strategy prior to the Bitcoin halving that is expected to occur in the spring of 2024.
👉 The pivotal event, reducing the rate at which new coins are created, will cut block rewards in half – from the current 6.25 BTC to 3.125 BTC. Many experts believe the process will fuel a price surge of the primary cryptocurrency, similar to previous occasions.
CLSK: Big Move ComingCLSK technicals look like the price is ready to make a move up. Weekly MACD beginning to curl higher, higher highs and lows on the RSI, and volume profile support with a massive volume gap to the upside provide for a bullish setup.
BTC is approaching the time frame where historically, post-halving, the price per coin moons higher. Additionally, the US fed is lowering rates and china is providing stimulus to their economy, which will provide for more cash that can make its way into crypto.
CLSK’s hashrate expansion and BTC owned can make this miner a prime benefactor of a bullish BTC move.
CLSK most important chart and targets! (NFA)Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I think from a chart perspective this is our MOST important chart for NASDAQ:CLSK
As you can see.. these "channels" got respected all the way up and down
What are the targets? Well I have highlighted some for you on the charts -
but honestly these prices can change a lot since it depends on when
CLSK hits those lines... So stick to watching the lines and not the
highlighted prices I've put onto the chart.
What do I personally think will happen?
Well i believe we either go in the short term down to 7.5-8 dollars OR
we recover here and 10 dollars is coming soon.
How about EOY?
Well because i'm fairly bullish on CLSK and the chart shows it's possible
I believe CLSK will be 14 dollars to even 20+ (lines on the chart)
How about 2025?
Well again, from my personal perspective i believe CLSK could be
Q1-Q2 2025: 30-40 dollars and potentially Q3-4 2025: 50+ dollars
Of course -> NFA DYOR it's very important you WATCH the lines
and don't just follow hopium.
$CLSK BullishNASDAQ:CLSK
-Looking good here to add IMHO (NFA).
-Still on the uptrend channel.
-Bullish div on the weekly (strong signal)
-Stochastic rsi about to confirm bullish momentum.
Target: $39-$47 by EOY.
CLSK: 2 targets I'm watchingHello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright I'll make this message very short cause I don't have time to write a
whole book atm (sorry) -
the chart explains itself = If we keep riding this channel we could see
anything from low 6s (lowest part of channel) to the middle line at
8ish.. IF we break the channel though I'm expecting 12-13 dollars.
NFA DYOR
NASDAQ:CLSK
CLSK Roadmap for EOY and 2025Hello Tradingview community!
As always: If these patterns I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I think this honestly could be the "roadmap" for NASDAQ:CLSK
My target for EOY is around 15-25 dollars
and my target for 2025 (Q3-Q4 my top guess) around 45-80 dollars
It does have potential/room enough to go down to: 7 dollar zone
But the bottom could easily already be in (In my opinion)
These are idea's and targets I'm watching that I wanted to share
with the whole world - BTC miners needs some love here on Tradingview.
Anyway, BOOST the post if you like it and follow for more!
NFA DYOR <<<<-----
EDIT: Sorry about the "fingers" they get weirdly located when I release the post..
CLSK October targets (NFA)Hello Tradingview community!
As always: This is just an idea and nothing else.. Don't come crying to me if this prediction doesn't work as charted (ty) - NFA DYOR
Alright.. The chart is kinda explaining itself as you can see -
Either we have another low at around 6.5-7.5ish (IMO)
or we have an uptrend finally forming and entering our NEW channel
Bullish targets: 10.5-12ish (I find this the most likely)
I think NASDAQ:CLSK is by far one of the best miners out there -
Yes I'm bias.. cause I do have a few shares (just a bit) But their fundamental info
I've researched by myself is impressive to say the least.
The chart though (and investors) have been suffering the most out of any miner
recently and I do personally think from my TA perspective, that this trend
down we got currently is about to change upwards instead.
Please BOOST this if you find it helpful and follow for future information!
Very few are charting miners and i personally will do a few over the next many months
NFA DYOR <<<----
Who am I? Just a dude that's been charting for years.. I'm sometimes correct and I'm sometimes wrong, It's that simple.
EDIT: I also got other charts on CLSK on my profile.
CLSK - Sep 24 Opening Sustainable Momentum- Down trend continuation after pull back
- Lower highs
- Price opened with momentum and closed below support
- RUT and SPX had a broad market drop that ignited this move
Opening Sustainable Momentum 🚀
Strategy
Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Stock Pool
Shortlisted Mid to Small cap Tech stocks that have clear D1 and H2 price movement (Not choppy). Historically has shown price movements aligned to high impact moves in on the RUT index.
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
