Bitcoin

(Bitstamp:BTCUSD 30m)

Bitcoin formed a very shallow and brief ascending wedge after the bounce from $9490 yesterday before making another dip to reach as low as $9080. This dip came on lower volume than the first and so far has significant bullish divergence on the RSI and MACD. It also runs the possibility of forming a larger descending wedge. This would be a bullish sign for Bitcoin, possibly forming the support for a new major bull run.

From the perspective of swing trading, as we draw towards the 50% support at $8850 is where we want to be taking some profit from shorts and waiting to see where the market will signal next. If we can form a large bearish continuation pattern then a retest towards $6k is likely. However, if the support holds then we'd be looking to build up longs for a new bull run.

Ethereum

(Bitstamp:ETHBTC 2h)

Ethereum holds below the 0.0773 resistance on the ratio despite the second leg of dip on BTCUSD. This low correlation to Bitcoin has been a strong sign historically, but comes lows. Volume has been spiking all over the place, which rejects the theory of a bearish consolidation for the moment, but still leaves us with questions as the the market direction.
If we can break through the 23.6% and 0.0773 resistance levels on good volume, then we can look for long positions. If not, then its probably worth holding off to see if we can form a strong bounce from support elsewhere.

Bitcoin Cash

(Poloniex:BCHBTC 1h)

Correlation to Bitcoin remains low for BCHBTC, however there has also been a noticeable increase in volatility over the last day or so. This rules out a bearish consolidation, but not another bearish trend. As with Litecoin over the last week, we could simply glide lower on low volume and high volatility.
If we can make a strong bounce off a support, then we can give credit to a bullish outlook, until then we remain neutral or a tad bearish.

NEO

(Binance:NEOBTC 1h)

Neo is making a bit of a pullback towards a retest of the 0.0095 support. Due to the noise of the trend, its hard to discern any particular pattern, so it will be a matter of waiting and watching for how it will react once it reaches support. A high volume bounce would be a bullish signal, however a break through support is still on the table, so wait for a bounce to complete before taking on any positions.

Litecoin

(Poloniex:LTCBTC 1h)

Litecoin appears to finally be on the up again, with a bounce from the 100% retracement and a second bounce from the 0.01845 support. Once we form a second strong bounce from either of these supports, then we can start looking for the next bull run.

Monero

(Poloniex:XMRBTC 2h)

After the bearish divergence on the RSI, MACD and trading volume, the current pullback for Monero was fairly inevitable. We've broken the 0.03045 support and are moving to test the 0.02994 historical support. Once we've made a good double bounce from a support, we can start building up a position for the next bull run. Until then, I remain cautious 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.