Bitcoin

(Bitstamp:BTCUSD 30m)

Bitcoin continued its move upwards within its ascending channel, before dropping through the support line. Volume dropped off dramatically during the climb after the bounce, supporting the theory that it was a bearish continuation pattern rather than the start of a new bullish trend.
As I mentioned yesterday, while this made a clear bearing formation, it is still best practice to wait to take positions nearer the resistance lines, as this reduces risk and gives a better fill price.
Even if the market is in a long term trend, such as the 2015-Dec 2017 bull market, it is good to hold to best practices rather than getting sloppy with your trading. This helps protect you when the market eventually changes direction.

Ethereum

(Bitstamp:ETHUSD 30m)

As expected, Ethereum is holding a very similar formation to Bitcoin, with the notable exception of a much steeper ascending channel. Ethereum tends to bounce before forming flatter consolidations than Bitcoin, so this makes a change. Ethereum certainly looks stronger than Bitcoin in the medium term. Unfortunately, even if we did form a consolidation zone here, Bitcoin's next leg down will drag down Ethereum too. With this in mind, it is best to analyse BTCUSD as the driving force in crypto vs USD markets, rather than altcoins themselves.

NEO

(Binance:NEOBTC 2h)

Rather than breaking, or even retesting, the 0.010363 resistance, Neo is instead pulling back somewhat from its bounce off the 127% extension. While it is possible that this is forming a small descending channel/ wedge ready for a second push to retest resistance, I remain on the sidelines until we see a convincing break of resistance.

Litecoin

(Poloniex:LTCBTC 1h)

After its leg up from support, Litecoin appears to be forming a descending wedge. However, the trend lines still require another bounce from each before they can be considered particularly credible. Volume is definitely dropping off relative to the leg up, supporting the bullish consolidation theory.
Once we've found support level and/or held a break through resistance, we can start looking for bullish positions.

Monero

(Poloniex:XMRBTC 1h)

Monero continues to follow in Bitcoin's general trend, seeing the same bounce pattern yesterday. If Monero can make a bounce off support counter-trend to Bitcoin, we can start looking for new positions. Until then, Bitcoin remains the driving force here, therefore it would be best to trade BTCUSD directly rather than trade its movements second-hand through XMRBTC.

Disclaimer

I will do my best to give unbiased, objective analysis, but I can make no promises about my accuracy.
All posts are based on my personal opinions and ideas and do not constitute professional financial investment advice.