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 trade ideas
#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
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.
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!
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.
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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
Cleanspark long term outlookIn a time where people are very fearful, it makes sense to zoom out and look at the bigger picture.
CLSK downside wedge and reverseCLSK is shaping up like the rest of the crypto market to have a very strong pivot. I expect a test of the fib I highlighted in two weeks this is about 15$, this will completely erase this washout move. My strategy here was to collect premium with put sells on the way down. I will only start selling covered calls as we approach 15-16$. I will likely keep 20% of my shares to see how much BTC heats up but will gladly let the rest get called away as implied volatility is heating up which equates to more premiums.
⚡CleanSpark ($CLSK) Path to 50 Exahash ⚡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
Potential Bottoming for $CLSK NASDAQ:CLSK could be starting a bottoming process, but downside risks remain since the stock has clearly broken below its 40-week moving average.
It found buyers right at the 100% Fibonacci extension and the 0.618 Fibonacci retracement from its 2022 lows. I don't suggest buying it here because there will be opportunities to buy the stock once it proves itself first. This is merely a potential bottoming process I'm observing.
Bearish 3 Falling Peaks patternCLSK 4 hour chart 3 falling peaks pattern target measured move = approx. 11.70.
Also 11.70 is approx. the long term fib retracement from the Dec 14th 2022 low to the recent high price.
Due to the lower than expect earnings reports from the other miners, I believe CLSK earnings will be significantly lower than expected too.
