Bitcoin

(Bitstamp:BTCUSD 2h)

After reaching $9023 on the 21st, Bitcoin is holding nicely just below resistance. Volume has been dropping off well as volatility stays low and the price near highs, making this a good start for a possible bullish consolidation.

While this does look rather bullish, its still best to wait for a retest of a support level, such as the 38.2%, before building up a long position, as it'll give a defined risk level.

Ethereum

(Bitstamp:ETHBTC 2h)

ETHBTC has continued to push higher, breaking the 0.07116 resistance, but with signs of bearish divergence on both the RSI and MACD. The volume on the climb, after the second retest below 0.06775, was also worrying low, so I'm a bit concerned about these highs at the moment. If we can hold support around this level without incident for the next few days, I'll consider another long trade. Until then, I'm holding off to see whether it'll pullback to a lower support.

Bitcoin Cash

(Poloniex:BCHBTC 2h)

Bitcoin Cash broke resistance to continue its huge bullish leg with ever increasing volume, however we're still seeing bearish divergence on the RSI. That being said, the top hasn't been confirmed yet on this leg up, nor is there any divergence on the MACD, so the trend isn't looking weak yet.

As always, I recommend waiting for it to pullback and/or form a consolidation zone before looking to build up a position, as it gives a well defined risk. Proper risk management is arguably the most important discipline in trading. While you will miss out on some upside, you significantly limit downside risk on each trade.

Litecoin

(Poloniex:LTCBTC 1h)

Litecoin appears to be forming an ascending channel/ bear flag after its bounce from support. This is considered a bearish continuation pattern however, due to the spiky nature of the volume, its hard to confirm. For this reason, I wouldn't advise shorting, instead its best to wait and see how we respond to the 0.01640 support if/ when the pattern breaks down.

If it doesn't end up breaking downwards, then we can look for bullish positions if we can form a decent consolidation above the 0.01752 support/ resistance

Monero

(Poloniex:XMRBTC 2h)

Monero has been pushing higher on double bearish divergence. Volume spikes still remain high, but drop off very quickly, so I'm less than certain about the strength of this bullish trend. A pullback and a longer consolidation would do XMRBTC good, so I'm still holding off on this.

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.