Bitcoin

(Bitstamp:BTCUSD 2h)

After the pullback which almost reached the 78.6% extension, Bitcoin finally made a strong bounce. This came from the bullish background of a large descending wedge along with bullish divergence on both the RSI and MACD. Volume picked up fairly quickly on the breakout of the wedge, although still has a bit further to go. We are likely in for a retest of the $9490 and $9892 resistance levels with this trend. From there we can assess whether Bitcoin is looking for another long term bull run or whether it is due another low.

Ethereum

(Bitstamp:ETHBTC 4h)

Its typical isn't it - I leave my analysis for one day and ETHBTC makes one of its largest moves in months. We saw a huge spike in volume on the final bearish candle, suggesting a lot of fear setting into the market and significant weakness. In the short term, we will likely form a bearish continuation pattern over the next few days before making a retest of lows. If the retest can make a strong bounce we can look for bullish trades. If not, ETHBTC is in for another leg down.

Bitcoin Cash

(Poloniex:BCHBTC 4h)

After its pullback from the rejected test of the 0.1241 resistance, Bitcoin Cash is now retesting its support levels. The current bounce comes just above the 0.1113 support, but a test of 0.1097 is looking likely. Bitcoin Cash is looking increasingly bearish as it continues to make sharp rejections of resistance. A new bearish leg is a strong possibility over the next week or so. However, I would suggest both bulls and bears hold off on this market until it has presented a clear direction.

NEO

(Binance:NEOBTC 4h)

Neo has seen an extremely sharp and high volume bounce after breaching the 7856 support. This is a very strong sign for NEO, due to the speed of rejection from lows. I recommend holding off to see whether we make a secondary test to form a double bottom or whether we form a consolidation. However, if this trend tries to push higher on relatively low volume, it would be best to hold off and wait for bullish pullback.

Litecoin

(Poloniex:LTCBTC 1h)

Very shortly after my bullish call from my last post, LTCBTC broke down, breaking both channels and the 0.01895 support. This means that Litecoin has gone from relatively low volatility bullish to high volatility bearish/ neutral. This is why we keep stop losses tight on higher risk positions, as it reduces risk if they don't work out.
Due to the break below the 0.01895 support, I would recommend holding off on any bullish positions until we can form a very clear bullish reversal signal.

Monero

(Poloniex:XMRBTC 2h)

Monero broke down from its bearish consolidation zone and appears to have formed a "spring" (sharp dip through support with equally sharp bounce). If we can hold above the 0.02493 support for the next few days, we can start looking for bullish positions.

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.