Bitcoin

(Bitstamp:BTCUSD 1h)

Bitcoin broke from its ascending channel late yesterday to make a retest of the $7888 support today. Volume hasn't picked up yet despite the break downwards. Unless volume can pick up, we may form a double bottom here.

(Bitstamp:BTCUSD 4h)

On the 4 hour time frame, we are seeing some fairly strong bullish divergence on both the RSI and MACD along with a pullback in volume on the most recent dip. This is suggesting weakness to the bearish trend. While trend weakness doesn't necessarily mean the trend has reached completion, it does serve as a warning. Along with the lack of volume on the break down of the channel, a double bottom is a distinct possibility. You may wish to hold off on short positions until we've broken the $7682 support and/or take some profit.

Bitcoin Cash

(Poloniex:BCHBTC 1h)

Bitcoin Cash has made a second test of the 0.1241 resistance against significant bearish divergence on both the RSI and MACD. Volume on the second test also appears to be lower (the large volume spike was a bearish candle later). While we are unlikely to make a bull run through resistance, there is still a chance to form a bullish consolidation on a pullback. If we can consolidate above the 0.1192 support then we can start looking for bullish positions. If not, we'll be in for a retest of the 0.1141 support and possibly the 0.1097.

Litecoin

(Poloniex:LTCBTC 30m)

Litecoin broke upwards from its descending channel and appears to now be forming a secondary descending channel. Volume is staying low during the drift down, suggesting this is a bullish pullback. As with the original descending channel, it is best to wait to buy either at a confirmed support level or near the support of the channel to help reduce risk.

Monero

(Poloniex:XMRBTC 1h)

Rather than breaking the 0.02610 resistance, Monero tapped it before pulling back to the 0.02493 support. This is looking like a bearish consolidation zone, and the extremely low volume moves backs this up. Past here, the 0.02435 support is the last major support for a while, so a break of that could easily lead to a longer term bear market, similar to that of ETH and NEO. I recommend staying clear of this unless we can make a strong bounce from support and a break of resistance.

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.