Jeff Parent B. Eng. FCSI CIM Bitcoin XBTUSD-CUR DON'T BUY Nov 22, 2024

Technically, looks great. Chart shows a huge consolidation zone and then a breakout. If it were a stock, he'd say to go for it. But there's no value associated with the price. The whole idea has a host of issues. Go back to 2018 and look at the chart. So you can roll the dice and buy it, but don't blame him if you lose money ;)

Jeff Parent B. Eng. FCSI CIM

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BUY ON WEAKNESS

Evolving from this crazy, speculative investment to a real deal. Lots of interest in it. Good rally late 2023, paused, then broke out. Overbought, due for a pullback and then may consolidate. You want to see rallies and consolidation. Don't want to see a breakdown, and there's no sign yet.

BUY

Bitcoin and gold are often rather negatively correlated. That's what happened recently with gold pulling back. Making new highs, and that's good. Could get a retracement of course, but looks bullish for now.

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Jeff Parent B. Eng. FCSI CIM Bitcoin XBTUSD-CUR DON'T BUY Nov 22, 2024

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