As we continue the waiting game of BTC?s long consolidation pattern, we are looking for clues that can help us trade the next BIG MOVE (yes there will be many more big moves for BTC and altcoins ? if you?re getting frustrated – they?re winning?.).

BTC vs GOLD

Gold?s chart says the next few weeks could be very important. Gold closed below $1500 for the first time in weeks and has fallen with strong volume. Don?t kid yourself, with all the chaos going on in the world, there are many buyers for gold and before BTC gold was seen as incredibly volatile ? price could go to $1750 in a heartbeat thanks to ?news? on Brexit or China or a Trump Tweet so short at your own risk.

On the other hand, we?re now into an election cycle so maybe big money will rotate into stocks and out of gold and silver? As long as price stays under $1500 much lower gold prices are in play so we?ll be watching closely.

Meanwhile, BTC has not budged (relatively) ? as we said in our last post we think this is important because stable or rising prices for BTC while gold drops COULD show there is more interest in BTC that just as ?crash protection?.

Whatever happens, this is the time of year that volatility ramps up so it?s an important time to watch and have your trade strategies clearly defined.

ALTCOINS

Overall ? still lagging BTC so adjust trade strategy accordingly

EOS ? outperformed other altcoins in last week so we?re watching

BNB ? See chart below for more ? Patterns called most of the move higher from $15 – $40 but we?ve been very clear we believe this is a highly manipulated coin and not SAFE trading. Those who own BNB need to go on RED ALERT right now as price is at a key level.

As always, we?ll update as conditions warrant ? it should be meaningful we have not updated much and we have missed very little (nothing?). Patterns continue to be dialed in?..