Not saying it's gonna happen now, and in general, I don't like betting against BTC. BUT, what comes up must come down, and this is the best long spot to make when BTC is trending lower. PAXG is a gold-backed token that is inversely correlated with BTC/USDT. Happy trades, CD
Paxos Gold broke-out of the descending TL and regained 50MA support, breaking the wedge would send it higher. This is a hedge against crypto, if you know how to Margin trade, you could use up to 3x for that set-up! Current Price= 0.03874 Buy Entry= 0.03880 - 0.03802 Take Profit= 0.04099 | 0.04229 | 0.04399 Stop Loss= 0.03647 Risk/Reward= 1:1.33 | 1:2 |...
Pax Gold is forming a very bullish pattern and is likely to bounce after 100EMA retest, maybe even break-out later. Also, support could break-down because of Bitcoin bullishness, but let's take that trade as a crypto hedge! Current Price= 0.04853 Buy Entry= 0.04820 - 0.04660 Take Profit= 0.05374 | 0.05814 | 0.06650 Stop Loss= 0.04231 Risk/Reward= 1:1.25 | 1:2.11...
Possibile breakout. Entering enter 0.049 and 0.054. Target1: 0.0065 Target2: 0.0078 Target3: 0.0095
Ma200 just broke, looking bullish.
We can see on this time frame Gold is starting to "get weaker" in front of BTC ,after it hit a local top earlier today If gold "loses strength" we may recover soon - people need to hedge maybe even buy the dip now PS : we know gold is moving like a turtle comparing to crypto - this chart is for reference to the crypto situation -panic we are seeing now
In my opinion cryptomarket,will bleed huge. My fundamental analysis: NYAG needs documents from $USDT within 90 days, USDT market cap still rises as they print money, but in my thought at some point they need to redeem and burn their tokens in order to get their documentation in place. Every crypto (altcoin,bitcoin) graph draws head and shoulders on the chart, I...
Multilayered strategy. With inflation running hot into the foreseeable future Bitcoin and Gold have my full attention. Expecting Gold to hit new lows against Bitcoin over the next few days. Short term 2 bar trail. Longer term hodl... continuing to cost average into short position until 4th quarter.
Price forming a rang and its looking like accumulation schematic according to Wyckoff. Higher Low was made right by the demand zone.
I know, I'm trying hard with #PaxGold but I've got that feeling it will be worth it. XAU (true #Gold) is very bullish, not as much as BTC but still, take that as a hedge position if crypto market dips! Current Price= 0.12701 Buy Entry= 0.12535 - 0.12161 Take Profit= 0.13208 | 0.13858 | 0.14987 Stop Loss= 0.11488 Risk/Reward= 1:1.2 | 1:1.76 | 1:3.07 Expected...
#PaxGold is a digital asset where one token is backed by one fine troy ounce of gold bar. Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run! Current Price= 0.14543 Buy Entry= 0.14300 - 0.14628 Take Profit= 0.15235 | 0.16302 | 0.16798 Stop Loss= 0.13693 Risk/Reward= 1:1 | 1:2.38 |...
BTC correction, Gold pump, or combination of both. Been averaging into both.
Here an interesting comparison between the two main gold-replicating coins PAX/BTC XAUT/BTC with gold itself. While pax replicates pretty loyally, pax's value tends more to oscillate around the gold value. Currently the difference is 0.03 btc (13%). Let's see how it plays out to consider this trade in the future.