PAXG/BTC Point of inflectionSeems like we are close to a point of inflection? A wave up and btc dumps into the ground and a wave down and btc bears are dead... no more pax g available for borrowing so the shorts are heavy.... Should be an interesting couple of days.by UnknownUnicorn13468879Updated 2
BTC x STEADY CURRENCY (GOLD) BTC - GOLD recorded double top between October and November. Pivot for Fibonacci Regression lies between these 2 ATH. In November BTC consolidated horizontal resistance at 0.0673 (BTC - Steady currency) enables horizontal resistance between ATHs (BTC - U.S. Dollar) creates a rising wedge due to dollar inflation BTC broke through 1.0 fibonacci regression level and the new bottom became the next fibonacci level. BTC touched 1,618 fib and is currently pullingback. First GANN FAN applied to the last ATH and indicates the downtrend line (in yellow). Possibly the (3/1) (4/1) and (8/1) lines could indicate the future downtrend lines if BTC breaks through the yellow line. Second GANN FAN applied on December 28th. Its last line (8/1) shares the same values as the yellow line. Its penultimate line (4/1) is the current downtrend line. BTC - GOLD registered several times during 2021 values in the "Now or Never Zone". Most are due to daily variations, but with daily closings above the "Now or Never Zone". Considering this history, it would be possible for BTC to repeat this pattern. Good area for buying cryptocurrencies in general. In tradingview there is no BTCPAXG for analysis. So I had to invert the graph to represent BTC growth. Candle colors are inverted. I didn't "convert" to USD or USDT, as the U.S. Dollar is worthing less with inflation. Source: fred.stlouisfed.org by renatorez212
BTC / GOLD (Steady Currency)"The Federal Reserve had 7.17 trillion U.S. dollars of assets on their balance sheet as of June 3, 2020, up from 4.17 trillion U.S. dollars on February 19, 2020." Source: fred.stlouisfed.org From July 2020 until today, USA has been injecting approximately 1 trillion USD every 8.5 months continuously. This becomes evident when comparing BTCUSDT November peak higher than in April 2021, while PAXGBTC (with inverted graph to illustrate BTC growth) shows that all BTC All Time High share the exact same line of horizontal resistance. Therefore BTC "became worth more in November" because U.S. Dollar inflated. In the above technical analysis it is used: - horizontal pitchfork to define fibonacci and median levels - currency comparison: PAXGBTC - white line - high - currency comparison: PAXGBTC - white line - low The main fibonacci levels are painted in yellow, as when BTC breaks through them, there is a big move. There is a chance that BTC will stay on top of the blue support for a long time and then try again to break through the yellow resistance. by renatorez27
PAX Gold/BTC Bump and run PAX Gold/BTC Pair on the move Pax Gold/BTC is in a bump and run pattern, targets highlighted on the chartLongby BarneyG113
3x All Time High sharing the same horizontal resistanceThe Federal Reserve had 7.17 trillion U.S. dollars of assets on their balance sheet as of June 3, 2020, up from 4.17 trillion U.S. dollars on February 19, 2020. Source: fred.stlouisfed.org From July 2020 until today, USA has been injecting approximately 1 trillion USD every 8.5 months continuously. This becomes evident when comparing BTCUSDT peaking in November greater than peaking in April, while PAXGBTC (with inverted graph to illustrate BTC growth) shows that all BTC ATH (All Time High) share the exact same line of horizontal resistance. Therefore BTC "became worth more in November" because USD inflated. By analyzing BTC~GOLD and plotting reverse fibonacci retracement to find out how much more BTC can depreciate, it turns out that the bottom 1.0 fib shares the same value of resistance and support (light white horizontal line) at 0.04541. This analysis aims to show that BTC may be forming Ascending Triangle Pattern (referring to my last post). Thanks @DeflationL for sharing the ideaLongby renatorez23316
In support of BTC rising triangle, not rising wedge.The denominator (USD) is broken. As such, to see long term patterns, we need to look at BTC expressed in gold rather than USD. With BTC the quote rather than USD, the INVERSE is what we're looking for when looking at BTCUSD highs. So the lows in PAXGBTC represent the highs of BTC.by Bagnuss442
PAXG Vs BTCPAXG, a gold peged crypto, Has been gaining in setoshi value. For the past few months PAXG has collapsed in satoshi value seeing all time lows of 2.6 million sats. That would put PAXG At an 88% discount from its ATH daily close of 31.9 million sats. Despite this massive collapse, In the last month the trading pair has rebounded 37% from it's all time lows. Sitting at 3.6 million satoshis, it has flown past 2 price levels that have been met with selling pressure in the past. 3.3 million satoshis and 3.5 million satoshis respectively. This move was driven by high volume which has pushed PAXG to 4.19 million satoshis before pulling back. The spike in volume coincides with bitcoin losing $354 billion from it's all time high in market cap. This behavior could be due to uncertainties with inflation, supply chain issues and the chinese real estate debt crisis. This may force Investors to look for relatively inexpensive risk off stores of value. This could explain the sudden uptick in demand for PAXG as opposed to BTC. It may not be popular opinion but I think this chart is worth monitoring. I believe it has room to run higher. Longby Kumo92
Guess who's back, back again.. Gold-pegged stablecoin PAXG (and by extension Gold) is indicating a strong bullish divergence (daily) against BTC at previous support. A very deep retracement (100%) makes the likelihood that this is a Base candidate ambiguous but I wouldn't be surprised to see a rally soon. No trade entry until price breaks the (Red) deceleration channel though.Longby theansweris422
PAXGbtc - BinanacePAXGold Early signs of reversal, early and thus fragile. Wanna see and hear oure insights, check the video out. As always this is no financial advice and always doe youre own research. Stay happy strong and healty. untill the next one, Cheers!Longby MyPileus3
PAXG/BTC buy opportunityHi followers, BINANCE:PAXGBTC formed beautiful trading setup, after a big drop in price, the pair consolidate sideways for nice period of time, above important support area. After which the pair formed higher low, suggesting positive reversal in price, break above the sideways move and a retest of that area. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only! Longby FradkinXBT0
If / when BTC dumps, buy this: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, CDby cryptodonovan0
$PAXG/BTC 4h (Binance Spot) Falling wedge near breakoutPaxos 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 | 1:2.88 Expected Profit= +6.72% | +10.10% | +14.53% Possible Loss= -5.05% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 10 daysLongby TradingOnUpdated 3
$PAXG/BTC 1D (Binance Spot) Ascending triangle on supportPax 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 | 1:3.75 Expected Profit= +13.38% | +22.66% | +10.30% Possible Loss= -10.74% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1.5 monthsLongby TradingOnUpdated 2
Descending Wedge Possibile breakout. Entering enter 0.049 and 0.054. Target1: 0.0065 Target2: 0.0078 Target3: 0.0095 Longby hBroker2
GOLD vs BITCOIN 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 by blackriver850
90 Days USDT uncertainty turning to PAXGIn 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 don't want to keep USDT either. Lokking at USD/Gold chart we have strong support level at $1690, where we should bounce to $1750. Looking at Btc/Gold chart I showed all the resistance levels (my targets): resistance red lines not as strong as resistance blue horizontal lines and black is very strong resistance level. If you dont understand something, I would gratefully answer all of your questions. Not financial advise, do your own research and good luckLongby ArturMemetovUpdated 2
Drop Fiat Challenge... Trade Of The Century! - Bitcoin Vs GoldMultilayered 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. Shortby DogeyBlaze7
PAXGBTCPassed MA360 and came a little bit down, but still it can give it another tryby XenoneoUpdated 1