- 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...
XAUBTC is one of my favorite indicators to decide if bitcoin's big crash or big pump is over! The rivalry between GOLD and BTC is worth watching and being careful about.
It seems that bitcoin will suffer a little more depreciation against gold and will lose more value until it reaches the next resistance zone, I mean between 0.1 to 0.11. After the touch and a few...
Noticing that the trend has started to reverse, not so sure about converting BTC back to ETH unless ETH corrects very hard...like below 1K again, which might be in the card over the weekend...Why the dump...don't care...probably has something to do with Real Interest Rates rising. Gold got clubbed like a baby seal early in European session, so I guess Gold is now...
Idea for trying to find / timing eventual gold bottom around here
past crypto euphoria, gold lost 4.83% (btc 10k to 20k)
2020, gold already lost much more
after crypto many, gold had a nice bull setup before more lows
so gold bottom, impossible to determine, should be not far
Not investment advise, trade your own plan.
It is interesting to see the relation between Gold and BTC, It has room to go down pulling BTC up.. Also, if we have a reversal BTC could goes down with no much obstacles
What do you think?
Just more proof that Crypto.com is making huge strides; this shows CRO (red and teal), MCO (green) BTC (white) and Gold (yellow) in dollars since the pandemic and resulting market meltdown. (I'm a newb, take this for what it is, an ADD-borne musing xD).
Log chart is interesting. BTC may have better times from now on. Until July end, it will be crucial. If GOLD/BTC reduces, it means BTC's price increases.
Log chart is interesting. BTC may have better times from now on. Until July end, it will be crucial. If GOLD/BTC reduces, it means BTC's price increases.
Or potentially a descending triangle, Bitcoin is being met with resistance that I have colored blue which is a downward sloping trendline since the blow off top of late 2017, and the other blue line is strong support dating back to 2017 & more recently it's acted as a Micro bottom multiple times. Bitcoin is still trading above the 200 Day MA & with the halving...
