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CleanSpark, Inc.

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CLSK trade ideas

CLSK Rejection at $19.91CLSK had a rejection at $19.91. I would be concerned for a significant pullback to around $10. I would want to see more bullishness into the $19.91 resistance level before considering any longs. CLSK and other crypto-related stocks will be impacted by Bitcoin's price action. Bitcoin is showing some bearishness and concerns for a drop so I'm personally not interested at opening longs near previous all time highs unless I see a great setup. For now I think CLSK is at risk of a drop here with a target around $9-10.
NASDAQ:CLSKShort
by realchartchamp
2
CleanSpark Major Potential CleanSpark Inc - NASDAQ:CLSK This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners). The CLSK Trade - Ideal entry would be bounce off 200 DSMA - Risk/Reward from here is 5.55 which is not bad - Stop Loss placement at 200 DSMA or POC Chart Positives - High Volume is ideal signifying increased interest ,float and momentum - Price above POC - Price above 200 DSMA - Pennant price congestion reaching its decision point The Pecking Order for BTC Miners covered to date 1. Marathon Digital NASDAQ:MARA have 156,600 rigs & mined 825 BTC in Mar 2023 (12,964 BTC Reserves) 2. Riot Platforms NASDAQ:RIOT have 95,904 rigs and mined 592 Bitcoin in June 2023 (6,696 BTC reserves) 2. Clearspark NASDAQ:CLSK have 87,936 rigs and mined 575 Bitcoin in July 2023 (1,061 BTC reserves) 3. Cipher Mining NASDAQ:CIFR have 70,000 rigs and mined 493 bitcoin in May 2023 (518 BTC reserves) Clearspark has earned its place above Cipher mining however both companies have been investing much of their Bitcoin into expanding their production lines this year which is why they have lower reserves than the likes of the well established RIOT. We will need to keep a close eye on both going forward as they both fully intend to continue to expand. I am already invested in NASDAQ:CIFR with a small initial position (previously shared a chart on this). I'll be looking for NASDAQ:CLSK exposure between here and the 200 DSMA. The risk reward is reasonable and the chart is attractive. PUKA
NASDAQ:CLSKLong
by PukaCharts
16
CLSK - The Trend Is Your Friend Until...CLSK has recently been the strongest Bitcoin mining stock and perhaps that has to do with a move to "greener" mining. But another wild gap up today makes this trend unstable and this may become some sort of Evening Star topping pattern may be printing here. Its currently in the 1:0.618 extension "Golden Window" (up to the 0.786 overshoot ratio) and if it pivots here, then this is a weak ratio that signals there may be significant downside from here. Notice that the current candle has gapped up beyond the upper wedge trendline; into the higher liquidity that makes a reversal more likely. So its time to take some profits here or a more aggressive trader could even short. This is also on the basis that Bitcoin has no room left to move up if it is to remain in tandem with previous market cycles. This could hang around depending on Bitcoin, or it could be a fast top, but it will likely see much lower lows; perhaps down to around $5. Not advice
NASDAQ:CLSKShort
by dRends35
5
Cleanspark: Powering the Future of Bitcoin MiningBitcoin is making major moves as we get closer to the Bitcoin halving. NASDAQ:CLSK is poised to benefit from this bullish momentum. We just crossed a major resistance level at $13 & Targeting the next major resistance at $40 Cleanspark recently reported a remarkable 165% year-over-year revenue growth in Q1 of FY2024. This impressive growth is a testament to the company's ability to capitalize on the growing demand for Bitcoin mining services. With a net income of $25.9 million and an adjusted EBITDA of $69.1 million, the company is well-positioned to continue its upward trajectory. This is one of the best risk reward plays in the CRYPTOCAP:BTC mining companies. All aboard for the ride #LetsGo
NASDAQ:CLSKLong
by EgideSimba
2
CLEANSPARK $CLSK to 50 by Jan 2025Bitcoin Miner CleanSpark, will reach a price above 50 by 2025. Bitcoin will continue its upward climb in the second half of 2024, price will top out around 80-90k and crypto related assets will be lifted with the wave. Alt coins will go nuts and so will competition such as MARA and RIOT etc.. Overall, Cleanspark may be the dark horse because of its focus on mining with only green energy. Every bull market, the debate of BTC energy consumption returns. People like Cathie Wood can now answer that debate by saying, 'look at cleanspark, they mine with 100% renewable energy.' Instantly stock will double... as for 100 price target, thats roughly 20B market cap for CLSK, 2x from the 2021 highs of MARA and RIOT.
NASDAQ:CLSKLong
by HashxCapital
3
CleanSpark (CLSK) Soars as Bitcoin Miner Expands OperationsCleanSpark Inc. (NASDAQ: NASDAQ:CLSK ) has captured the attention of investors with its remarkable performance in the past year, driven by bullish market sentiments and strategic acquisitions in the Bitcoin mining sector. As the company continues to expand its data center portfolio and operations, coupled with the anticipated growth in Bitcoin prices, NASDAQ:CLSK stands poised for further gains in 2024. The Rise of CleanSpark: CleanSpark ( NASDAQ:CLSK )has witnessed an impressive surge of 172.22% over the past year, a testament to its solid fundamentals and strategic moves within the burgeoning Bitcoin mining industry. The recent announcement of the company's acquisition of four mining facilities further solidifies its position as a key player in the market. Strategic Acquisitions: The acquisition of four mining facilities, including three turnkey sites in Mississippi and one in Dalton, Georgia, for a total of $23.2 million, underscores CleanSpark's ( NASDAQ:CLSK ) commitment to expanding its operational footprint. These acquisitions not only bolster the company's data center portfolio but also position it favorably amidst the ongoing consolidation within the Bitcoin mining sector. Market Expectations and Bullish Momentum: CleanSpark's ( NASDAQ:CLSK ) stock has been buoyed by favorable market expectations, with investors showing increasing interest in the company's growth prospects. Technical indicators suggest a building bullish momentum, supported by recent price dynamics and a strengthening trend channel in the medium to long term. Bitcoin Price Projection: As Bitcoin prices are projected to strengthen in 2024, CleanSpark ( NASDAQ:CLSK ) stands to benefit from higher mining revenues, further bolstering its position in the market. With Bitcoin's anticipated growth trajectory and CleanSpark's ( NASDAQ:CLSK ) expanding operations, the stock is poised for sustained gains in the coming year. Outlook and Potential: CleanSpark's ( NASDAQ:CLSK ) current gains may see further momentum as the stock clears crucial resistance levels, particularly at $9.72 With a strong foundation in place and favorable market dynamics, NASDAQ:CLSK has the potential to emerge as one of the top-performing crypto stocks in 2024. Investors are advised to keep a close watch on key resistance levels, with $13 serving as a potential catalyst for further surges. Conclusion: CleanSpark's ( NASDAQ:CLSK ) strategic acquisitions, coupled with bullish market sentiments and the projected growth in Bitcoin prices, paint a compelling picture for the company's prospects in 2024. As it continues to ride the wave of positive momentum, NASDAQ:CLSK stands poised to deliver substantial returns for investors seeking exposure to the burgeoning cryptocurrency sector. In summary, CleanSpark's ( NASDAQ:CLSK ) ascent in the Bitcoin mining industry reflects not only its solid fundamentals but also its strategic vision for expansion and growth. With favorable market conditions and a bullish outlook, NASDAQ:CLSK presents a compelling opportunity for investors looking to capitalize on the potential of the cryptocurrency market in 2024 and beyond.
NASDAQ:CLSKLong
by DEXWireNews
CLSK - Bounced EarlyIs up 13% so far today and my short puts are now up at 72%. It won't be too long before it will be time to buy them back to close the trade and take the premium. I have overlaid BTC so you can see how early this bounce happened. It began to bounce before BTC had bottomed. And that was fine because I use limit orders to capture an area. This trade was in part made possible by having an awareness that Bitcoin would bounce where the high liquidity was as well as work on CLSK chart. I have linked the Bitcoin thread below where I described the high liquidity area below the orange trading range. From here I think this is going to be a connective wave that will at some point see some more downside, but looking strong for now 👍. Not advice
NASDAQ:CLSK
by dRends35
3
$CLSK Yieahhhh- approaching the high volume profile that can act as support - sitting in the golden fib retracement - reaching previous resistances that can be turned support - RSI shows a broadening channel and is now on the bottom part of the channel - This can be the end of Wave 2 and start of a huge Wave 3 NASDAQ:CLSK is under huge selling pressure, if it can withstand this area there is a huge upside. But we need a strong bounce soon to turnaround the selling momentum. High Risk vs Reward Play, I am a casino guy not planning on getting only my feet wet, going all body in all the way to the nipples for now. Yieahhhh
NASDAQ:CLSKLong
by rubfigue
2