Paxos Standard (PAXBTC) is my reverse indicator for Bitcoin... This is where I double-check if the chart signals are not strong enough on the Bitcoin/Ethereum charts.
Paxos Standard (PAXBTC) and Bitcoin (BTCUSD) move inverse to each other.
Conclusion
If you see Bitcoin going down, Paxos will move the other way.
Let's just hope is not a strong wave... Or else Bitcoin will go lower than what we expect.
Namaste.
Paxos Standard (PAXBTC) and Bitcoin (BTCUSD) move inverse to each other.
- PAXBTC managed to stay above EMA10, which is bullish and green.
- BTCUSD managed to stay below EMA10, which is bearish and red.
Conclusion
If you see Bitcoin going down, Paxos will move the other way.
Let's just hope is not a strong wave... Or else Bitcoin will go lower than what we expect.
Namaste.
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