Does this Look like a reversal pattern to you? This is packs G gold against bitcoin. Typically does the exact opposite of what bitcoin is doing so if this is going down because he’s going up US dollar does this look like it’s about to reverse to you?
- Did you ever notice that BTC and PaxGold/BTC have a perpetual inverted correlation ?
- All Pax Gold tokens are backed 1:1 by ounces of London Good Delivery bars held in Brink's vaults.
- Allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit. Availability of FDIC Insurance for Stablecoin Reserves.
- PaxGold acts as...
In this chart you see #paxgold / #bitcoin . This charts indicates the power of #xaugold against #btc . Gold has formed an descending pennant and this pattern is commonly ends up with bullish move. And also , gold is now sitting on a major vertical support zone. I expect #xauusd to outperform #bitcoinusd for weeks if this bullish pattern breaks out.
If this...
We bagged a huge Short trade recently with #PAXGOLD to make up for some null trades before-hand. Now we've got a Long signal from CTv2 coming off an historic support line.
We'll be looking for 7% to reach first TP, 15% to second TP, and let the rest float on until reversal.
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Paxos Gold suddenly pulled back to 100EMA and RSI looks oversold, a bounce seems likely.
This is obviously due to Bitcoin recent recovery, let's hedge our Satoshi bag here!
⚡️⚡️ #PAXG/BTC ⚡️⚡️
Exchanges: KuCoin, Binance
Signal Type: Regular (Long)
Amount: 12.4%
Current Price:
0.08973
Entry Targets:
1) 0.08915
Take-Profit Targets:
1) 0.09987
Stop Targets:
1)...
PAXG looks like it's going to ranging within it's current area of consolidation for at least a few weeks, maybe even months - there's still a potential for plenty of smaller trades within this range, but we'd wait for the upward trend line to squeeze this area of consolidation to a point of breaking.
With plenty of support on the underside and not much resistance...
Fractal patterns indicating a 13d recurring resistance upon the median Gold/BTC pair could provide us a end of the year resolution/ 13-18 dec is decisive, 2nd reversal can occur as late as 22nd dec.
Fractal patterns indicating a 13d recurring resistance upon the median Gold / BTC pair could provide us a end of the year resolution/ 13-18 dec is decisive, 2nd reversal can occur as late as 22nd dec. /w moon index
BINANCE:PAXGBTC
Do not miss this opportunity to buy PAXG:
paxos.com
Buy using the PAXGBTC 5X Isolated margin service provided by Binance margin products and create a limit order at 0.03658
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The PAXGBTC serves as an excellent inverse correlation for BTCUSD.
PAXGBTC has formed an M pattern and is now coming back up to test the previous support line, which most likely will act as resistance pushing PAXGBTC down further. This is usually a sign that BTCUSD will rise.
This is a most likely a short term move and will bring BTCUSD back to the top of it's...
PAXG/BTC in the upper end of the channel on the tail end of a sharp vertical move into major resistance .
Short term price reversal likely. Short opportunity.
Bullish scenario: Price consolidates underneath strong overhead resistance in a tight chop until price bars reach the bottom end of the channel, forming a tight triangle. **Either way this breaks...
PAXGBTC
Is in accumulation
Buy from current prices and 0.04870-0.03388 zone
Target-price 1 - 0.05896
Target-price 2 - 0.06896
Target-price 3 - 0.07872
Stoploss - <0.028
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What sup Guys?! welcome to this analysis again!
At the moment when almost the all markets has been crashed whether stocks , crypto .. and at the same time
there is a relative recession all over the world and the prices of some commodities have skyrocketed
In my opinion, capital will enter the gold and cause its price to rise again in the short and medium...
Paxos Gold is pulling back and retesting 100EMA where it is likely to bounce and continue bullish, let's hedge crypto!
If you know how to Margin trade, you can use up to 2x for that set-up
Current Price= 0.04565
Buy Entry= 0.04553 - 0.04381
Take Profit= 0.05023 | 0.05473 | 0.05972
Stop Loss= 0.04096
Risk/Reward= 1:1.5 | 1:2.71 | 1:4.03
Expected Profit= +12.45% |...
