Get started

Paxgbtc

$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
PAXG/BTC 4h (Binance Spot) Descending channel on support, againI know, I'm trying hard with #PaxGold but I've got that feeling it will be worth it. XAU (true #Gold) is very bullish, not as much as BTC but still, take that as a hedge position if crypto market dips! Current Price= 0.12701 Buy Entry= 0.12535 - 0.12161 Take Profit= 0.13208 | 0.13858 | 0.14987 Stop Loss= 0.11488 Risk/Reward= 1:1.2 | 1:1.76 | 1:3.07 Expected Profit= +6.96% | +12.23% | +21.37% Possible Loss= -6.96% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 360h
Long
by TradingOn
PAXG/BTC 12h (Binance Spot) Descending channel on support#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 | 1:3.03 Expected Profit= +5.33% | +12.71% | +16.14% Possible Loss= -5.33% Fib. Retracement= 0.236 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 720h PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...
Long
by TradingOn
Exchange for Physical gold trade blew up - crypto had an answerLast month as a result of the Covid-19 lockdowns, the physical gold market was in such significant lock down that the basis between physical gold and paper gold (E.g. CME gold futures) blew out to black swan levels, costing numerous trading houses billions. This was because through the EFP trade these trading departments are short CME and long physical. The fair basis was around $8 USD but popped out to over $60 on numerous spikes. So the problem was the inability to access the physical gold market, but there were in fact two ways in which to get long physical gold at that time. The two solutions were Paxos Gold (traded on Kraken) and Perth Mint Gold Token (traded on KuCoin). Both these gold tokens that are directly convertible into the same form of gold that's traded in the institutional gold market - London Good Deliver Bars (LGDB). The simple play was to buy PaxG or PMGT and sell the inflated gold futures contract and then wait for the spread to come in. Of course one could have redeemed the token for physical gold and delivered that gold into the CME contract, but the first option is far cleaner and has more edge in it after fees.
COMEX_MINI:MGCM2020
by JK57