The denominator (USD) is broken. As such, to see long term patterns, we need to look at BTC expressed in gold rather than USD.
With BTC the quote rather than USD, the INVERSE is what we're looking for when looking at BTCUSD highs. So the lows in PAXGBTC represent the highs of BTC.
With BTC the quote rather than USD, the INVERSE is what we're looking for when looking at BTCUSD highs. So the lows in PAXGBTC represent the highs of BTC.
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