May. 29 at 10:47 PM
$CLSK I'm not a professional trader, but I love what I'm seeing. The previous golden cross was preceded and followed by low volumes. The stochastic and RSI indicators fell for a month before volume picked up again and the rally was on. Looking back historically, you may recall the market took a short lived risk-off move due to Trump's 10% global tariff implementation. That golden cross was as much a result of the 200ma trending down, while the 50ma was trending up.
Fast forward to now. If the world doesn't collapse over the weekend, a golden cross is incoming. This time though, all of the moving averages are trending upward. Expected CAPEX will move the market. I believe that Scarcity is the trade of the century, and right now, power is Scarce. This gives me confidence a deal will happen. BTC is the most scarce asset on the planet. There could always be a dip, but volumes are elevating, RSI is quite high, stochastic indicators remain high (dips get bought).
Bullish AF