Bitcoin

(Bitstamp:BTCUSD 1h)

Bitcoin has broken through the ascending support of its bearish consolidation and is making new lows once again. Volume is still relatively low, but there have been clear spikes during some of the larger bearish candles since the break. We're moving to test the 61.8% support soon, and the $7888 past that.

(Bitstamp:BTCUSD 2h)

On the 2 hour time frame, we can look at target prices based on the fib-extension from the last trend. A 100% extension of the last trend gives a target price of $6570, which would form a good double bottom of the $6k bounce, which bottomed out at $5920. In the shorter term, we're making a test of the 50% extension of the trend, which may give some support, but unlikely enough to hold.

Ethereum

(Bitstamp:ETHBTC 2h)

Ethereum has broken its counter-trend movements from Bitcoin, staying low despite Bitcoin's break downwards. This is a fairly weak sign, as we now appear to be forming a bearish consolidation again. Volume still remains all over the place, but unless we can make a solid bounce we will likely glide downwards through support, forming a longer term bear market.

Bitcoin Cash

(Poloniex:BCHBTC 2h)

Bitcoin Cash continues its high volume and high volatility chop, with some bars spanning up to 5%. There is no clean trend in sight, possibly some entity is trying to squeeze people out of positions. Since there was a bit of a bounce above the 0.1097 support, this is currently looking mildly bullish, but there is very little structure to analyse. I'm definitely holding off here until it calms down to form a clear market direction.

NEO

(Binance:NEOBTC 2h)

With the break of the 127% support and Bitcoin's new bearish trend, Neo really isn't faring well. Volume is vaguely picking up as the dip continues, suggesting a level of fear is setting in (if it hasn't already).
There are very few supports, with the 161.8% extension at 0.008153 and the 78.6% retrace of the macro trend at 0.007179. This is looking like a drawn out bear market for Neo in the medium term.

Litecoin

(Poloniex:LTCBTC 1h)

After forming a descending wedge, Litecoin has broken upwards to start its retest of resistance. If you didn't buy into the consolidation, I would suggest holding off on buying into the breakout. Instead, it would be best practice to wait until it forms a secondary pullback and buy into that. Volume also looks low so far, so its advisable to wait until the trend has picked up some volume as confirmation.

Monero

(Poloniex:XMRBTC 1h)

As with Neo, Monero is faring very poorly, as its previous weakness is now combined with the next leg of Bitcoin's pullback. Support is very thin here, with the next major support coming at 0.02435. Volume has also been picking up on the drop (although in a very weird spiky fashion), showing yet more weakness. Until we find a support level, I'm staying clear of this market.

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.