CLSK: Second Chance

Jan 13

Continuing 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!

Jan 24

Note

Getting a small bounce off the weekly. Seems like most miners are still performing weak outside of MARA which has pops and drops.

May 13

Note

Cleanspark is clearly the strongest miner out of the bunch, it seems like we might not get the opportunity I was hoping for as price builds value above the previous high.

At this point, anything between $11-$13 looks like a solid buy zone.

May 14

Note

Dear Followers! I have decided to take a trade here on CLSK as we hit the Value area low and are seeing a potential bounce and holding the previous resistance.

This chart is slightly reminding me of Nvidia with the Gap up which may never be filled.

May 21

Note

Exactly as predicted

May 23

Note

Currently consolidating , clear trend lines

Oct 7

Note

looking to get in on the gap fill

Oct 14

Note

Also cant forget this perfect trade at the low

Oct 14

Note

Big falling wedge, would be very nice to take this one up to the weekly.

Oct 14

Note

Would love this to play out

Oct 17

Note

Almost at the target.

I would welcome a pullback into the S/R flip around $10.60, for this stock to really start moving again. This would be more of a longer term entry for me if we find support as I do believe the crypto rally is about to truly begin.

Oct 18

Note

Weekly Target is basically hit. Out of this trade entirely. Lets wait for a new entry.

Oct 18

Trade closed: target reached

There we go target hit

Oct 24

Note

It would be beautiful to build a new entry if we get it.

Oct 24

Note

Rejecting at the .618 Fib. Looking for the corrective move into the 1-1 zone using trend fib extensions.

Oct 28

Note

golden fib still providing resistance

Oct 29

Note

This may look like a nice retail trap. Bearish divergence at the high, fill of the previous gap zone, and a bearish opening candle to start the session. I will be watching these zones for bearish price action.

Oct 30

Note

Currently counting the elliot wave expanding flat to give me an idea of where we are in the current price action.

I believe we are not moving into the last wave of this correction, where we would need to see a impulse wave down, with RSI confirming divergence. A bull divergence moving into our buy zone would give me confidence that the low is in, and we can begin the next move.

Oct 31

Note

exactly according to plan so far

Oct 31

Note

My plan to enter again here in 3 orders

Oct 31

Note

Seeing Bitcoin bounce here at 70k, I have added some CLSK. My MARA trade idea hit exact targets, where I added some more funds.

Oct 31

Note

Coming into the original buy zone plan will continue to execute my trade as planned here.

Oct 31

Note

Order filled, the current low hit $10.60 today. Would like to see BTC hold 70k, and move back towards the ATH.

Nov 1

Note

I wish there was a giant target emoji as this filled my order by 1 CENT.

Nov 1

Note

Bigger picture holding up , we are directly at the 0.618.

Nov 1

Trade active

Some more orders filled today

Nov 1

Note

It almost looks like a direct mirror version of the previous move gap down.

Nov 4

Note

All my orders have been filled, into the demand zone from the gap up mid october.

Nov 6

Note

Perfect

Nov 6

Note

Close above 13.40, and these next targets would be the top of the previous range. First resistance is approx $15.

Nov 7

Note

Critical level here to close above today. Nice strength here.

Nov 11

Note

exactly as predicted, don't forget to take some profits on the way up, and leave a runner. I will likely look for areas to compound this bad boy once price retraces

Nov 12

Note

Slightly front run the weekly level, for me this is generally a sign that any pullback is a buy the dip opportunity to take liquidity from the zone.

The best risk to reward zone for me would be the gap up zone where liquidity may be sitting at approx $14.85, approx 10-15% pullback.

Nov 13

Note

Entering the buy zone but I am a bit hesitate with such a sharp move down, as bitcoin has only slightly pulled back.

I will be looking more so for a reaction first here, as there is potential we may even fill the gap.

This is a good spot to take a small position, however I will wait for more clear signs before adding more.

I will remain PAYtient at the moment and let the market show its hand.

Nov 13

Note

Looking nice, getting some reaction at the level, in confluence with the value area low. Let's hope to see a confirmation reclaim of the orange value area for continuation and a compound zone.

Nov 13

Note

Will be following the price action tomorrow and visualizing where this move may go.

Nov 13

Note

This would be nice, but it would need to be a strong bounce from this zone. All reliant on Bitcoin price action.

Nov 14

Note

So far the channel is being respected, be cautious here, would like to see it hold. If it breaks I would not be surprised to see a sharp move down.

Nov 14

Note

As expected this morning, this will be critical as it can be a sell trap. If price can reclaim the channel it would be more bullish.

Nov 14

Note

Would like to see a bounce if the overall markets bounce here, otherwise I will likely expect a gap fill

Nov 14

Note

Weak volume, coming down, next support zone is at the CC retest in confluence with the S/R flip. I will move my stop expectations slightly lower.

Nov 14

Note

Gap Filled, looking for a reaction here

Nov 14

Note

PAYtience paid off, and Ive compounded the position. This value area low is going to be KEY to reclaim in order for price to push higher. Bitcoin also with a nice sweep of the support.

Nov 15

Note

final zone to hold here, added to position at the vwap

Nov 15

Note

Nice reaction, now lets see this level hold for the rotation to the upside.

Nov 15

Note

Getting some bull divergence here, this for me is a must hold level. Let's see how next week plays out.

Nov 18

Note

So far price action is moving as expected, all 3 of my zones have given me a reaction enough to look for the current low at the S/R flip as the must hold level. Break below, very bearish.

Let's see if we can get a strong push higher today.

Nov 18

Note

Retesting the S/R flip zone

Nov 19

Note

Trade will be stopped out of the value area is broken, the orange line is the last zone of support. Break below 12.80 for me is weakness.

Nov 19

Note

She is fighting as much as she can

Nov 19

Note

Nicely respected the last level of critical support zone

Nov 20

Note

Market makers accumulating and shaking people out with this chop

Nov 20

Note

Market maker loading the boat at the lows

Nov 20

Note

Bullish divergence on the 30 min. Look left and see what happened after the last bull divergence rally.

Nov 21

Note

If we break a the daily s/r flip, I will likely be out of this one and look for better opportunities. Whenever these miners are down massively while BTC is at all time highs It becomes a concern for me.

Nov 22

Note

held up for the rally finally

Nov 26

Note

Would be nice to get continuation if it's truly an uptrend. Kinda weaker than I expected for BTC nearing 100k. Either way, new opportunities everyday :)

Dec 3

Note

terrible annoying chop, value area of previous range still holding up so we should expect higher until we lose the low.