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Paxgold

Long PaxGold + Mana, Short BitcoinHere's the simplest way to play crypto over the next few months and still make money: 1st Simplest Profitable Crypto Setup into 2022: -Long PAXGOLD -Shit SHORTCOIN Here's the second simplest and probably worth the non-existent risk at these levels: -Long PAXGOLD -Short Bitcoin -Long MANA No doubt some people out there believe that decentralized coins will, by default, become the next "obvious" safe haven against "risk assets" (lol), inflation, and becoming fully "employed." Despite these people's misuse and overuse of quotation marks, not to mention their nearly dogmatic misunderstanding that multiple safe-haven assets are allowed to trend up simultaneously... ...I do like the concept of decentralized currency very much. Perhaps even more than I do the concept of gold retaining physical value, ad infinitum. So, probably should, like, throw a couple hundred or grand at Mana, put it all in a vault, and wait until sometime soon before it doubles. -Piggish-Pax-Gold-Mana EIGHTCAP:PAXGUSD CME:BTC1! BITSTAMP:BTCUSD BINGBON:MANAUSDT CRYPTOCAP:TOTAL2 TOCOM:GOLD
EIGHTCAP:PAXGUSDLong
by UnknownUnicorn5511258
17
PAX Gold (PAXG) - May 30hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (PAXGUSDT 1W Chart) From a mid- to long-term perspective, it needs to rise above 1880 to continue the uptrend. (1D chart) If it finds support and rises in the 1845-1857 zone, it is expected to turn into an uptrend in the short and medium term. There is a possibility of a temporary decline to around 1823. At this point, you need to check whether it leads to an uptrend accompanied by volume. ---------------------------------- (PAXGBTC 1W chart) The key is whether it can rise from the bottom section of 0.02667-0.07. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
PAXG the coin of the momentFor those who don't know PAXG it's a crypto which value is related with the reserves of gold of a company called Paxos. Since Putin decided to attack Ukraine, as in every conflict, XAU (gold) started climbing after years of stagnancy and this drove up PAXG price as well. PAXG has been in constant rise following XAU price since the 31st of January breaking out what it could either be a pennant or a symmetrical triangle. I always look at the worst case scenario, in this case we could have a final price which could reach almost 2300 USD. However I think this is not the time to buy PAXG until it won't retrace. You're watching the weekly chart but that green candle has been formed mostly today and price is hovering in a zone wehre VLPR shows little trading action. Buying here would mean betting on the fact that price would keep panic buying gold... WHICH CAN HAPPEN. But I don't like to bet and I don't have any PAXG yet so I think I'll sit this one out until it retraces. Final consideration: war sucks!
KRAKEN:PAXGUSD
by Shotokhan
3
$PAXG/BTC 12h (#BinanceSpot) Ascending channel on supportPaxos Gold is pulling back and retesting 100EMA where it is likely to bounce and continue bullish, let's hedge crypto! If you know how to Margin trade, you can use up to 2x for that set-up Current Price= 0.04565 Buy Entry= 0.04553 - 0.04381 Take Profit= 0.05023 | 0.05473 | 0.05972 Stop Loss= 0.04096 Risk/Reward= 1:1.5 | 1:2.71 | 1:4.03 Expected Profit= +12.45% | +22.52% | +33.63% Possible Loss= -8.31% Fib. Retracement= 0.5 | 0.883 | 1.272 Margin Leverage= 1x | 2x Estimated Gain-time= 5 weeks Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal Website: paxos.com Contracts: #ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78 #BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7 #BEP2 PAXG-9B2
Long
by TradingOn
PAXG BTC MoEr DoEwN tIeMI currently see BTC/USD as being at a pivotal price point between four different patterns that I have charted, each of which have multiple potential outcomes, given this and the dragonfly doki printed on the daily with a range from 42750 -45500 with an upwards bias until a new daily says otherwise, and all indicators saying go... I expect PAXG BTC to print a trappy dragonfly with massive swings to the downside (and hopefully plenty of scamwicks in both directions) until it finds a double bottom and prints a gartley of either a bullish or bearish nature... A couple of educated guesses at potential plays inclluded for your viewing.
by UnknownUnicorn13468879
PAXG safe heaven assets Market Outlook: Something that has happened to the cryptocurrency prices the past couple of days is a decrease in the price, which could be explained by the global energy crises and a stricter monetary policy from the Federal Reserve (Fed). Another reason to this decline is the restrictions the cryptocurrency economy, which has made the trading of cryptocurrencies more worrisome for investors. The global energy crises causes higher energy prices which causes a further causes disbelief in the Proof of Work the mechanism that for example both the Bitcoin and the Ethereum blockchain share, where it takes a lot of energy to power these blockchains. In extension are investors less likely to invest in a Proof of Work coin and therefore takes profits or sells these coins to make profits elsewhere. A structure Fed usually also leads to investors dumping high volatile assets such as crypto-currencies and tech company stocks. To invest in safe heaven asset such as Gold and Silver. The Fed has now come out with plans on reducing the balance sheet and increased the interest rates, meaning that the ultra low interest rates from the Covid-19 pandemic were not justified. Something that has also been seen in conjunction with this is the United States supply chain issue has caused high inflation and to combat these two main issues is the Fed going to increase interest rates. PAXG Analysis: Position: Long Entry price: 1856 USD Target price 1: Hold the asset until the plausible recession is over Indicators: EMA 50/200: This is the Exponential Moving Average for 50 days and 200 days. The EMA 50 shows signals of a uptrend, which we have seen right now the past couple of days while the EMA 200 shows signals of long term stability. RSI: The RSI line is at 62, and shows signs of being overbought, while the average is showing a smoother line at 59 and shows signals of being overbought. We can see in these lines that the overarching trend that the average is still having steam upwards while. Keltner Channels: Keltner Channels measures volatility, and as of right now is PAXG in the upper channel signaling that upwards price movement The EMA 50/200 is showing a upwards trend and the Keltner Channels are showing a similar price movement, where the price is moving upwards but if the price were to drop to the lower Keltner Channel would it only be a drop in 3%. We can also see that the RSI is overbought but the price movement is not stopping as the average RSI is still moving upwards and showing steam going forward. Trade at your own risk. No financial advice
PLong
by vf_investment
1
PAX GOLD PAXGUSDT - Buy gold with crypto / bullish triangle- If you want to buy gold on Binance or any other crypto exchange, you can buy PAXG, which seems like a good alternative to traditional ways. - You don't need a bank account or brokers to speculate on GOLD price - You can buy gold (PAXG) with bitcoin or USDT. - It is possible to use leverage on FTX with PAXGPERP futures. - PAXG is practically copying the price of GOLD. - Gold is now consolidating on the weekly chart, but it looks like it will break up in the near future and is ready to a breakout to new all time highs.
Long
by UnknownUnicorn2537518
3
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.
Long
by Kumo9
Time for PAXG?As a crypto asset backed by real gold, is it time to put some money in PAXG in case of the upcoming big recession ? Well to answer that, YES and NO... 1. We don't know when will the recession comes 2. We don't know whether it will come or not (LOL) But still, it's better to be safe rather to be sorry!!!! My entry price point would probably be in the fibonacci retracement level (fib box)... As I still believe the bull or this cycle economic hype isn't over yet, I am waiting for a better entry point before putting my money on gold or crypto backed by gold!!! Yes it can certainly goes way more down before we found a bottom in case the economic bull is too strong... but interesting thing to keep in mind is that, we have a strong red line that has ben perfectly tested 3 times... I have put a green marker on it!!! So with this in mind, scaling in into gold backed asset would probably a good idea as to minimize your risk... Still, this is just my speculation, and gold could also soar high from this point and we don't see any retracement especially as many investment company or retail investor are now looking at gold... #NotFinancialAdvise #PersonalView
by ZombieGod11
$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 days
Long
by TradingOn
$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 months
Long
by TradingOn
A Monthly and weekly look at GoldGreetings. Gold is a sleeping giant that rolled over in its sleep beginning in 2018 and now most may have thought that it has settled down, but it really has just put on its boots and is about to get going in earnest. The similarities between 2008 and our current situation should be obvious with both the charts as well as the news cycle justifying ever ending inflating the money supply and destroying our savings for our own good (they say). Gold went on a banger of an uptrend and exceeded its all time high but then pulled back with a financial shock and disease (H1N1, Corona, etc) to retest its previous All Time high. The big picture is very bullish but will become even more so when we look at the current price action on the weekly. The weekly chart shows a bull flag in black, and within that bullflag we have a nested W bottom against the flag support. To make things even more bullish we have quite a bit of bullish divergence on the MACD and histogram. I am sure you could pull up a whole lot more indicators but this is good enough. The key point is the price action is also against the weekly bollingerband. Very limited downside, nested weekly structures and a very bullish monlth macro structure suggest a whole lot of upside over the next year or two for investors. Ultimate levels to watch are the fib channel levels. Hitting play on the main chart in a year or two will be kinda a neat exercise to see how well this post does. Degenerate Traders would use a stop loss system based on the W pattern and would look to play the interactions of the bollinger band and flag resistance flipping to support. My personal interest in gold right now is contemplating using PAXG to "tether up" as opposed to usd stable coins. If I see some risk in the market and gold happens to look good while a specific crypto coin looks at risk I will look at going PAXG instead of USDC or Tether. I have decided to only use one linked idea for this post. It is with regards to the Dollar Milk Shake Theory put out by Brent Johnson of Santiago Capital and the idea expounds on the theory.
COMEX:GC1!Long
by This_Guhy
3