Did we get a signal on May 18, 2021? We will see it with certainty a little later, if the blue moving average line should change sides and cross the yellow circle, but for now it almost looks like it.
History of signals (yellow circles) generated so far:
26-Aug-2011 sell Bitcoin, buy Gold
19-Feb-2012 sell Gold, buy Bitcoin
16-Mar-2014 sell Bitcoin, buy...
Comparing the longest available Bitcoin chart (Bitstamp) on Tradingview with IDC gold price.
We went from 0oz-0.1oz. From 0.1oz-1oz From 1oz-10oz. Now we are on our way to 100oz/btc.
Will we be able to reach this ratio? What do you think? 1000oz/btc next? 🚀
One more move down... and one more very last move down... and one more...
But then, at some point, there's just BOOM!!... and the upward slingshot movement starts!
Or am I looking at this the wrong way?
(Note: we are looking at the Weekly chart)
... the Gold/Bitcoin ratio.
Far oversold on all scales. This means that compared to Bitcoin, Gold either becomes completely useless or is just very cheap. What do you think it is?
It is worthwhile to follow the development for example on 1h. Right now it seems to be reversing. Stay tuned, it is going to be exciting.
To explain it simply, if the blue curve keeps...
#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 |...