PAXGUSDT trade ideas
Buying Digitized GoldBTC whales appear to be booking some profits, so test of support is the likely outcome.
While BTC retraces, Gold and Silver look great from here. So let's see how digital Gold performs during the next week or so.
System picture:
Biden is in, Reset proceeds after those scary moments on the 6th :)
Reset Note:
The Banks are in trouble.
PAXG is unlikely to be bullish for short termsPAXG has 2 approaching support which made a strong support but its somehow inevitable as the lines shows and the trend Is going to break it and goes for bearish stance
PAXG/USDT 4h is still bearish so still not profitable to investPAX gold is bearish as the overall trend obviously shows it and it crossed dynamic support plotted in the chart so its going to be either neutral for next days or bearish, no signs of bullish for now so still not profitable as we expect
PAXGUSDT - Gold on blockchain redeemable vs Usd not redeemablePAXG - redeemable to real gold, audited and regulated.
USDT - "Unfortunately, Tether has decided to stop serving U.S. individual and corporate customers altogether. As of January 1, 2018, no issuance or redeeming services will be available to these users."
Oh, and gold's price to usd looks great too ;)
