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PAX Gold / Bitcoin

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PAXGBTC trade ideas

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
GOLD VS. BITCOIN Analysis 📈📉As you can see in this chart for the pair of PAXG/BTC it has been declining since sep2020 , and Bitcoin was succeed to outshine the paxGOLD , after reaching its lowest level in the 12 April 2021 it has attempted to rise and break up the descending trend line, that wasn't successful in 1st attempt and went down to its previous low price and demand zone for the second time but after that it rised again and was be able to break up that tend line , and raised to pivot area , but it returned back from this strong resistance zone . thus now I think it can go down to its lowest level once again that means btc probably have a short rally at the same time for a few months , and paxgold/btc is likely to form a triple bottom pattern at the end and can causes it to rise compared to bitcoin in this case . 🛑resistance level: 0.17 -0.19 - 🆚pivot zone: 0.052-0.058 ❇️support levels: 0.034 - 0.042 //// 0.026-0.03 -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
by PRO_SMART_Trader
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 renatorez2
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 renatorez2
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 idea
Long
by renatorez2
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
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!
Long
by FradkinXBT
$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
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 luck
Long
by ArturMemetov