$CLSK / 2hThe ongoing overlapping waves in NASDAQ:CLSK have revealed a three-wave sequence in both waves w and x so far. An ultimate decline in wave y may have started Wednesday towards the anticipated Fib-targets.
The initial target remains intact >> 6.27
>> And the ultimate target would be around 5.93.
CLSK trade ideas
$CLSK / 4h#CleanSpark rising by 21% in two straight days and its wave structure quite well would suggest that the correction in Minor degree wave B could have ended at Monday's 6.59 low, though its target >> 6.27 remained intact.
Technically, the trend of Minor degree should have turned upward.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
CLSK / 4h#CleanSpark has worked slightly higher (3.73%), so the countertrend rally in wave x would have remained in a very late stage.
The ultimate decline (estimated >> 28%) in wave y lies ahead
towards the anticipated Fib-targets and against the late-March high at 8.90.
The initial target remains intact >> 6.27
>> And the ultimate target would be around 5.93.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 2hThe price volatilities in NASDAQ:CLSK have revealed overlapping waves which seem to have inclined towards the expected targets and might be framed in an ending diagonal as wave(c) of ((y)).
The Fib-expansion targets remain intact >> 6.27 >> 5.93
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 2hThe price volatility in NASDAQ:CLSK has revealed overlapping waves, which would incline to achieve new lows towards the expected targets that remain intact yet.
Hence, further decline lies ahead to trace out the ongoing wave (c) in a thorough five-wave sequence.
The Initial Target >> 6.27
The Ultimate Target >> 5.93
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 4hThe price volatility in NASDAQ:CLSK last week revealed overlapping waves, which would be inclined to achieve new lows towards the expected targets that remain intact yet.
Hence, further decline should likely lie ahead to trace out the ongoing wave (c) in a thorough five-wave sequence.
The Initial Target >> 6.27
The Ultimate Target >> 5.92
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 4hNASDAQ:CLSK started the week with continuing the anticipated decline by 6.54%.
The ongoing wave (c) might be searching for its extreme-low around converging the Fibonacci levels >> 1.38 & 1(on the channel).
So, further decline likely by 10% is expected in this week.
Eventually All Waves Settle!! #CleanSpark might well conclude the entire correction in Minor degree wave B which remains in very late stage, over just few coming days. Hence, the trend reversal soon lies ahead!
The initial target still remains intact >> 6.27
Ultimate Target >> 5.92
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 4hThe short-term bearish stance remains intact towards the initial target at 6.27.
And as expected, NASDAQ:CLSK continued to decline by 10% in two straight days.
Further decline by 24% would likely lie ahead just over couple of the weeks!
Eventually All Waves Settle!! #CleanSpark might well conclude the entire correction as Minor degree wave B around converging the Fibonacci levels ( level 1.38 where wave B would retrace to 1.38 of the expanding diagonal wave A and level 1 on the Fib channel ), and the ongoing downtrend as well.
The initial target remains intact >> 6.27
Ultimate Target >> 5.92
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
$CLSK / 4hThe short-term bearish stance remains intact towards the initial target at 6.27. And as expected, NASDAQ:CLSK continued to decline by 7% today. So, further decline by 25% would likely lie ahead just over couple of the weeks!
Eventually, CleanSpark might well conclude the entire correction in its Minor degree wave B around converging the Fibonacci levels ( level 1.38 where wave B would retrace to 1.38 of the expanding diagonal wave A and level 1 on the Fib channel ), and its downtrend as well.
The initial target remains intact >> 6.27
Ultimate Target >> 5.92
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 2hThe expected decline by 30% in wave (c) of ((y)) may have started its way down today, and it would be tracing out in a five-wave sequence over couple of weeks ahead.
NASDAQ:CLSK 's initial target remains intact >> 6.27
>> The ultimate target would be around 5.92.
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 4hEventually All Waves Settle!!
CleanSpark might well conclude the entire correction in its wave B, on converging the Fibonacci levels ( level 1.38 where wave B would retrace to 1.38 of the expanding diagonal wave A and level 1 on the Fib channel ).
So, further decline by 30% would likely lie ahead over couple of the weeks.
NASDAQ:CLSK 's initial target remains intact >> 6.27
The Ultimate Target >> 5.92
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 2hCleanSpark ended the week by continue to decline that should have started in middle of the week. As illustrated on the chart above, further decline by 15% is expected now, that it will be taking time in couple of weeks ahead. And the final Fib-expansion target remains intact as well >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 2hCleanSpark worked the week in sideways so far. The nine-wave triangle in wave (b) still remains in very late stage.
Today Its wave ((D)) of the ongoing triangle wave e has fallen, and expected its wave ((E)) of e to go its way up tomorrow.
( the labels in two degrees that mentioned above not shown on this frame.)
Note >> According to the prior NASDAQ:CLSK 's analysis on the same frame, the triangle pattern as wave (b) protracted into a nine waves triangle, which in sub-wave e should have developed itself in a triangle pattern.
Finally, the following decline by 23% would lie ahead >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 2hAs illustrated on the 2h-frame above, CleanSpark seems to have remained yet in process of the correction in wave (b).
Technically, the triangle pattern as wave (b) may protracts into a nine waves triangle, which in sub-wave e might be developed itself in a triangle.
The following decline by 20% would likely lie ahead >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 4hCleanSpark seems to have poised for further decline by 17% in ongoing wave (c), as illustrated on this 4h-frame above.
NASDAQ:CLSK might well conclude the entire correction in its wave B, on converging the
Fib- expansion levels( level 1, where the ongoing wave ((y)) would equal the wave ((w)) & level 1 on the Fib channel ). And the ultimate target remains intact as well >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 4hThere is no change in the overall CleanSpark 's analysis in my 4h-frame. The entire correction in Minor degree wave B still remains in the late stage.
As illustrated on the chart above, It seems that the correction in wave (b) has developed in a triangle so far instead the prior zigzag. And so, following decline by 23% is expected in this week!
NASDAQ:CLSK might well conclude the entire correction in its wave B, on converging the
Fib- expansion levels( level 1, where the ongoing wave ((y)) would equal the wave ((w)) & level 1 on the Fib channel ). And the ultimate target remains intact as well >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 4hThere is no change in the NASDAQ:CLSK 's analysis in my 4h-frame. The entire correction in Minor degree wave B still remains in the late stage.
NASDAQ:CLSK might well conclude the entire correction in its wave B, on converging the
Fib- expansion levels( level 1, where the ongoing wave ((y)) would equal the wave ((w)) & level 1 on the Fib channel ) in couple of weeks ahead.
Currently, further decline by 20% is expected. And the ultimate target remains intact as well >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
$CLSK / 4hThere is no change in the NASDAQ:CLSK 's analysis in this frame. The entire correction in Minor degree wave B still remains in the late stage.
NASDAQ:CLSK might well conclude the entire correction in its wave B, on converging the
Fib- expansion levels( level 1, where the ongoing wave ((y)) would equal the wave ((w)) & level 1 on the Fib channel ) in couple of weeks ahead.
Currently, further decline by 18% is expected. And the ultimate target remains intact as well >> 6.27
#CryptoStocks #CLSK #BTCMining #BTC
AMERICA'S BITCOIN MINER: CLEANSPARKThe chart for Ethereum Futures is showing a promising inverse head and shoulders pattern. This indicates a potential turnaround for the struggling bitcoin mining industry. It appears that miners are behaving more like altcoin investors rather than taking a leveraged stance on Bitcoin. This shift suggests that their fortunes are more closely tied to the performance of Ethereum rather than Bitcoin itself.
Here’s what you should be aware of: CleanSpark (#CLSK), is set to be added to the S&P SmallCap 600 index on March 24.
This index features smaller publicly traded companies in the U.S. that have a market cap exceeding $1 billion and fulfil certain financial requirements.
Being included in this index may enhance CleanSpark’s visibility, boost its trading volume and liquidity, and draw in more institutional investors.
CleanSpark is the second crypto miner to be added to the index after peer Marathon Digital was added to the list last year.
Companies in the index typically benefit from increased trading volume and improved liquidity, making their shares more accessible to a broader pool of investors.
"CleanSpark's inclusion enhances visibility within the investment community," CEO Zach Bradford said in the announcement. “Our inclusion enhances visibility within the investment community and gives us an opportunity to demonstrate the value of being a pure play, vertically integrated Bitcoin mining company and making exposure to our model more broadly available."
CleanSpark operates bitcoin mining facilities across the U.S., focusing on energy efficiency and cost-effective power sources. The company has expanded its operations over the past year with the acquisition of peer GRIID Infrastructure.
$CLSK / 3hAs illustrated on the 4h-frame above, NASDAQ:CLSK 's correction in Minor degree wave B still remains in very late stage!
As anticipated on the structure of current decline in double zigzag wave ((y)) the correction in wave (b)'s quite done, and the following decline in its wave (c) would be expanding in a five-wave impulse likely in couple of weeks ahead.
Currently, further decline of wave (c) would lie ahead( by 24%), and the ultimate target remains intact as well >> 6.27
NASDAQ:CLSK might well conclude the entire correction in its wave B, on converging its
Fib- expansion levels( level 1, where the ongoing wave ((y)) would equal the wave ((w)) & level 1 on the Fib channel ).
#CryptoStocks #CLSK #BTCMining #BTC