$CLSK - High Timeframe Perspective, there are 2 main scenarios I see from an Elliott Wave count, one as my base case and one as my invalidation, so let's breakdown each one! 

The most important thread that you'll read regarding price action and Exit Strategy! ✅👇

The 1st scenario, also my Base Case:

This implies that from an Elliott Wave perspective, we are currently in a corrective wave 2, which precedes a major move to the upside, or an impulsive wave 3.

I'm also looking at a close comparison between the current outlook and what happened in November of 2023, when the corrective wave 2 also came very close to invalidation, right before a major move to the upside, or an impulsive wave 3.

This generally makes chartists and traders become overly cautious in bottom ranges, in case their bullish thesis gets invalidated, so they frequently change their bias right before a reversal comes, something that I'll avoid until we have a clear trend confirmation.

If my bullish thesis ends up being correct, then I look forward to start de-risking once the price approaches the March highs, then distribute the rest of my spot position once it enters specific Sell Zones, covered in past threads. 

The 2nd scenario, my Invalidation:

If the price breaks below the September lows, then it will confirm a structural change, as I highlighted in the thread below, forming both a Lower High and a Lower Low, confirming that the macro trend has changed.

In that case, the next rally would become purely an Exit Pump, also coinciding with a Complacency Zone for retail investors who are hyped that "The bull market is finally back".

From an Elliott Wave perspective, this would also be seen as an impulsive wave B in a larger ABC correction, also implying that the 2024 March top is the macro top for this cycle.

If this happens, I won't panic sell in the upcoming days, instead, I'll wait for the Exit Pump to come, the range being around 14-18$, which is where I'll sell most of my spot holdings, then rotate the profits into other asset classes.

This would be a very dark scenario and I know it would disappoint a lot of investors, but I believe that remaining level-headed and not emotionally attached to the price action is the best way to go.

With that being said, I also want to emphasize that I've DCA'ed most of the profits I took at 15-16$ a few weeks ago back into my spot holdings, because until we have a clear invalidation, the bullish thesis I've shared over 4 months ago at the September lows, remains intact. 

Thank you for reading this thread, if you've enjoyed seeing my perspectives & strategy, please make sure to show your support by interacting with this post, as it boosts the algorithm and helps others find out what I do! 🥂🙏