Bitcoin

(Bitstamp:BTCUSD 4h)

Bitcoin couldn't hold above the $8684 support/ resistance, instead reversing to drop through the $8239 support. Volume on the second leg down was a bit lower than the first, and we're seeing strong signs of bullish divergence waiting to be confirmed with a bounce.

Depending on your risk tolerance, it may be wise to wait for a second break above $8684 before taking on any positions. If you wish to take on a trade here, make sure to keep a tight stop loss and size positions appropriately.

Ethereum

(Bittrex:ETHBTC 2h)

ETHBTC has held around highs nicely since my last post on the 14th, looking increasingly like a secondary bullish consolidation. I recommend buying into any positions closer to the 0.08276 support to reduce risk, but this could provide a good level for the next leg of the bull run to push up from.

Bitcoin Cash

(Bittrex:BCCBTC 2h)

Bitcoin Cash ended up breaking down from its ascending channel before breaking the 0.1545 support that it bounced from on the 12th. It also pushed to new lows on both the RSI and MACD, showing no sign of weakness to the bearish trend. I recommend holding off on longs until we've found a strong support along with some signs of bullish divergence.

Litecoin

(Bittrex:LTCBTC 2h)

Litecoin remains around the 0.01670 and 0.01659 levels after bouncing from the 0.01636 support. We haven't seen a retest of the 0.01714 resistance yet, which is the main level to watch here. I'm looking for a sustained break of 0.01714 before I'd be willing to take any bullish positions. However, I wouldn't consider Litecoin particularly bearish at the moment either - we're in an awkward state of indecision.
Its best to avoid taking any positions until the market has given a clearer indication of direction.

Monero

(Poloniex:XMRBTC 2h)

Monero is in a similar situation to Litecoin, holding near lows without any clear signals of the market direction. As with LTCBTC, its best to hold off until we've got a better view on where the market could go.

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.