With the current economic climate swirling around debt like a hurricane, fiat currencies will be the big loser. People are waking up to the fact that currency is printed out of thin air, and in times of emergency - oblivion! Commodities will be the big winner, and cryptos with real world utility.
Paxos Standard (PAXBTC) is now showing multiple bullish signals and a clear bullish breakout is about to take place. Let's start by looking at the chart patterns and signals. 1) We have the "Cup pattern", which is bullish in nature. 2) We also have the "3 Heads pattern" which is also known as "Inverse Head & Shoulders", also bullish. For the chart...
Paxos Standard (PAXBTC), which we use as a reverse indicator for Bitcoin (BTCUSD), is now looking bullish. First, we have the long wick on June 14. This signals the first attempt to change the trend. We have prices moving above EMA50, while EMA10 has been conquered for a few days. The MACD is now on the bullish zone and the RSI above 50. PAXBTC moves inverse...
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...
Potential Long, followed by Short at 99MA Resistance. Pattern spotted on the 1D and confluence on the 4H and 1H. Using Support and Resistance Levels as well as the moving Support and Resistance Levels of the Moving Averages. Basic Rounded and Micro-Retests taken into account when anticipating the bounces at both the Long Level and the Short Level.
Paxos Standard (PAXBTC) looking bearish today versus Bitcoin... This analysis is true only when the daily candle closes and if it does so below EMA300 (0.00014143). Right now prices are moving below EMA10, EMA50, and EMA300, with EMA300 being the strongest of the three EMAs mentioned above. Closing below this level can almost guarantee a test of EMA200/MA200...
Yesterday I looked at the Paxos Standard (PAXBTC) chart and saw some bearish signals, this told me that Bitcoin (XBTUSD) was about to move up... And so it happened. Right now I am seeing some bearishness on this chart, seeing PAXBTC go down is another signal that Bitcoin can easily go up. Conditions for change If prices move and close above EMA10 (0.00015371),...
About Paxos Standard Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to 'transact at the speed of the internet'. It aims to meld the stability of the dollar with blockchain technology. Paxos, the company behind PAX, has a charter from the New York State Department of Financial Services, which allows it to...
Pattern: Channel Up on 1D. Signal: Bullish as the price reached the Higher Low trend line of the pattern. The RSI is also on the 5 month Support Zone. Target: 0.000165 (just below the April 23, 2019 symmetrical Resistance).
Pattern: 1D Channel Up. Signal: Bullish once the price approaches the Higher Low trend line of the pattern (potential bounce on the 1D MA200). Target: 0.0001500 (just below the 1D Resistance).
Note how volume response to support and resistance violation on chart. Support moved up, so next bullish bounce should be from 3970-3980. Lower values will take it back to ~3940 - 3900. Fingers crossed for breakout
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) Paxos Standard / Bitcoin (PAX/BTC): Support, Pivot & Resistence – Short-Term
Just a short video review of current situation and what we may expect next.
Could be another leg down. But Bitcoin has a long tradition of breaking patterns, and doing big moves in the opposite way, so we'll see.
Pushed pretty nice up the resistance, now breaking through, it may go a bit more up but better to buy on the retest if it happens, much better chances. It's probably going to attack the previous highs after it.
Pushed pretty nice up the resistance, now breaking through, it may go a bit more up but better to buy on the retest if it happens, much better chances. It's probably going to attack the previous highs after it. Original idea by Svarog This level of resistance remains a level we need to break above and retest, the idea is still valid, watch that level! - Jack