CLSK huge head and shoulder on 4h? If this pays our with a CME gap fill for BTC at 78k and a d a big correction in stock market overall we might go down big time...lets hope not but so far we have seen very little action on miners with BTC at 100k!
CLSK trade ideas
“4” reasons to go long CLSKI went long NASDAQ:CLSK again - at 12.3175 at the close today. Since this summer when I started posting ideas, I've made 5 trades in NASDAQ:CLSK and made an average of almost 13% per trade and those 5 trades averaged under 3 days in length (all verified in ideas I've posted here).
The miners are such a gold mine when it comes to how I trade. One of the keys for the average person when it comes to the miners is to look in the “minds” for the stock. When everyone there starts complaining about conspiracies, criminality, or changing their mind back to “this thing is garbage” 2 weeks after they were gleefully shouting “to the moon” and posting rocket emojis, you know it’s getting close to time to buy 🤣.
Seriously, though. My algo says it’s time to buy and you know I don’t question its judgment. But if you just look at the chart, there are a few other things that also poke you in the ribs and whisper “buy itttttt”.
1) Uptrend - the regression channel here makes it obvious, but NASDAQ:CLSK has been in an uptrend since the beginning of September. The trend is your friend until it ends - and it hasn’t yet.
2) Higher highs and higher lows. Part of the uptrend thesis, but until this closes below 9.80 (an over 20% loss from here), the uptrend is intact.
3) Minor (no homonymous pun intended) support at 11.40 from the low of the gap up candle.
4) Finally, 4 consecutive down days. Going long after 4 down days in a row has been an incredibly quick and reliable payoff for quite some time now. You’d have to go back to September of 2022 to find a 4 down day buy that didn’t pay off in under 3 weeks. In fact, it has only taken even 3 weeks 2x since then. The most common payoff is 1 day, and almost all have been less than a week since Sept. of ‘22. I’m all about the quick payoff and I’m expecting this one to be as well.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. Depending on the situation, I may sell calls as well since the premiums on miner options are just ludicrous.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
$CLSK / Weekly ChartLeading Expanding diagonal pattern as wave (1) indicates well the trend is UP!
Trend of Primary degree as an impulsive wave ((3)).
clsk 1dnice bounce off of the trendline of course the gap underneath id like to see a support confirmation here
$CLSK / Weekly ChartNASDAQ:CLSK Rally in an Impulsive wave 3 in Minor degree will start soon!
The Fibonacci Targets : 42 71
$CLSK / 4H ChartNASDAQ:CLSK In hourly frames seems to have started its decline in the last wave of the correction of Minor degree wave 2. The Fib target would be around 11.
$CLSK / 4H Time FrameNASDAQ:CLSK is in the last Minute degree wave of its correction in wave 2.
The final target would be around 11.42 level.
$CLSK / Weekly ChartNASDAQ:CLSK Will start soon its rally on Primary degree third wave.
An impulsive wave 3 of (3) of ((3)) UP!!!
$CLSK / 4H CHARTNASDAQ:CLSK in this 4h time frame,
It seems to have completed the entire correction in a double zigzag as Minor degree wave 2 on the retracement of 61.8% at 10.63.
#BitcoinMining #CLSK #Bitcoin #CryptoCurrency
#ElliottWave #WaveAnalysis #ChartPattern #TrendAnalysis #ElliottChart
$CLSK / 4H Time FrameNASDAQ:CLSK completed the correction of wave 2 in Minor degree at 11.05.
The same degree impulsive wave 3 on the uptrend will start soon!
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
UPDATE On last chart CLSKWe are approaching a golden cross, For the bulls we want a significant cross to confirm, you can look back in the history to see the power of the crosses. However I am in a short position, again looking at our history we can see in the larger structure behind we had a death cross and a failed golden cross. Should we fall through these MA's and not get a significant crossover you can also see the power of a death cross in the history. Should we fail here I have an area of Fibonacci confluence for a primary target area. GL!!!, Watch this one.
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 PossibilitesThis is a beautifully structured chart with the asset climbing the stairs to a new all time high in perfect order. It seems it is loss making but I guess the market doesn't care and is pricing forward many years or maybe just desperate to get crypto exposure without the risk of getting into the ecosystem itself. Either way, it looks like a buy now for minimum $45 before the next major pullback
CLSK a lesson in supply and demandObserve this chart. You will note how powerful weekly supply and demand zones can be. Strong buying came in in the green box (demand). Strong selling arrived in the red box (supply). These are some of my favorite strategies for my most preferred setups which are multi-week/month. I would not be surprised to see a test back into the demand zone on this diltuted stock. Bitcoin bulls are simply buying the ETF and better proxies these days including MSTR, HOOD, COIN, and IBIT.
$CLSK / 4H ChartNASDAQ:CLSK in hourly time frames,
The leading diagonal in Minor degree wave 1 on the uptrend that should be in the end of its correcting down in a w-x-y (zigzag) retracement of 78.6% as the same degree wave 2. The fibonacci target at 9.55 level is expected now!
#BitcoinMining #CLSK #Bitcoin #CryptoCurrency #Crypto
#ElliottWave #WaveAnalysis #ChartPattern #TrendAnalysis #ElliottChart
CLSK - Dec 24 BTC100K Part 1BTC100K Plan
- Part 1: Once BTCUSD hits 100K, the plan focuses on purchasing crypto miners CLSK and RIOT. These two stocks showed a significant price gap between their current levels and the previous highs during BTCUSD’s last attempt at 100K.
- Part 2: After the crypto miners peak and start to capitulate, the strategy transitions to shorting Bitcoin treasury companies with weak fundamentals, capitalizing on their predictable pullback.
BTCUSD finally broke past 100K this morning.
- I started placing overnight orders for CLSK and RIOT in anticipation of a market opening spike as liquidity flows in. I used ADR% from the entry price to calculate the risk for CLSK and RIOT.
- I have pegged additional +1R risk for unknown variables
CLSK breakout above 18 is IMMINENT!Diamond reversal pattern on CLSK…crypto miners from MARA to RIOT and others all showing strong buy rates per my algo.
Expect breakout to new relative highs within next several sessions.
Looking for a move to 18-20$ before 12/13 on CLSK in particular. great play for in-the-money options play imo
Monthly Candle Cross Over. Cleanspark on monthlh chart RSI crossover and on high and high pattern creates super bullish. Shall it will break earlier high of US $ 24? Seems looking to chart its possible this time.
Disclaimer : This is not buy recommendations. This is just my thinking. Before taking any action, consult your investment advisor.
Clsk Ready for launchEvery Cycle it Pumps like crazy. At the moment it's still cheap.
I Made a great amount of money 4 years ago and I can't wait for this to happen again.
CLSK, death cross and unfilled gaps from the ATL.On this chart we still have not broken out of the death cross. Our 55 EMA is below the 200 EMA, however we are currently above these 2 Ma's. The bulls need the 55 in (amber) to cross the 200 (white). A drop back below these 2 MA's just might not recover and that death cross is still valid. In purple I am pointing out where gaps have not filled from the low of .97, some of these are very small but they are there on the daily chart... Watch this one closely!!! position has been short since $17.
CLSK eyes on $13.35: Key level now obvious to the whole world. CLSK has fallen a long way and is trying to recover.
Currently testing an established support fib at $13.35
Pings on this fib make it very clear to the whole world.
What happens here will say a lot to a lot of people/money.
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