Bitcoin

(Bitstamp:BTCUSD 1h)

Bitcoin has seen a strong break of the $7625 support and is now looking to find a new support level. The volume on this trend has picked up significantly, showing strength in the bearish movement.
The previous leg down was around $2600 so, measuring from the $9500 peak of the bounce, this gives us a rough target level of $6900. This level also comes very close to the support level of the 2017 channel, which gives some added confidence.
Once we see another bounce we can assess whether it looks like another bearish continuation pattern or not, and look for any signs of weakness in the larger trend.

(Bitstamp:BTCUSD 4h)

Looking at the trend from the 4h time frame, there is no particular sign of divergence on either the RSI or MACD, suggesting that this trend is still quite strong. However, if the RSI and MACD don't break to new lows by the next bounce, then that would from some bullish divergence.

Ethereum

(Bitstamp:ETHBTC 1h)

ETHUSD is still faithfully following the BTCUSD trend as are most other altcoins, so we shall focus on ETHBTC today, which also happens to be following the Bitcoin trend.
This is still a bearish sign of Ethereum and the ratio will likely continue to follow BTCUSD until the next bounce or a particularly strong support level.

Bitcoin Cash

(Poloniex:BCHBTC 1h)

Bitcoin Cash has given up on its counter-trend move, and has gone back to following BTCUSD, like everything else. It is currently moving to retest the 0.1280 support level. If it can make another bounce counter-trend to Bitcoin then this could form a nice double bottom, but that isn't looking unlikely in the current state of the market.

NEO

(Binance:NEOBTC 4h)

Neo, too, is now following the BTCUSD trend closely. It is drawing near its major support at the 38.2% retracement, above which it consolidated previously. However, it is currently at the mercy of Bitcoin's trend. If it can decouple from BTCUSD convincingly and form a consolidation zone, then it will be quite bullish. But for the moment, it will continue to follow Bitcoin's descent.

Cardano

(Bittrex:ADABTC 1h)

Cardano is continuing its descent and is now flirting with the 61.8% retracement. As I mentioned yesterday, this is looking like it could easily form a double bottom once Bitcoin has found its next support level. But, until we see that confirmed support, this remains in a descending consolidation.

Litceoin

(Poloniex:LTCBTC 1h)

Litecoin is a refreshing change from the rest of the altcoins I watch and is looking quite bullish for once. It has seen a strong counter-trend move up to the resistance level of the large bull flag (from one of my previous posts), and is now forming a consolidation zone.
Trade volume still remains a bit high for a proper consolidation, however this could be a promising formation to watch over the next day or two.

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.