Mavski
Long

PAXGXBT - Gold and crypto

KRAKEN:PAXGXBT   PAXG / XBT
If there is any uncertainty in risk-on crypto, this might be a good hedge to scale into for both short term and long term. Momentum looks good. Technical look good. Fundamentals are solid. RSI is could go either way. MACD a little light red, but improving. Possibility of small drop to retest. And/or If XBT , BTC pops, then that's great. This would still be a good hedge in case of an unexpected Btc reversal.
Comment: Okay, as a trade, this does not really work. Too much beta volatility they are not really comparable on short time frame. But long, imo, it will always be a good hedge. Safe haven / speculation
Trade active: I like it again here. Accumulating
Comment: Hmm.. both if both start rising to USD, XBT going to launch and rip this one. Better off just buying Paxg to Usdt pair

Comments

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