Except Bitcoin doesn't look to be done with its correction. It currently sits on the top of the 13 and 34 DMWAs conjunction, which provides a relatively strong support. But if it doesn't bounce from where it currently is plus we have a daily close below $15742 the market will continue for yet another test of 89DMWA or to $13580 in absolute terms.
Even if it bounces, a very wide spread between the major daily WMAs (DWMAs) implies further correction.
https://www.mql5.com/en/charts/8133146/btcusd-d1-simplefx-ltd
BCH
Bitcoin cash is lost what to do but this time around it looks like it will follow the path of its parent.
https://www.mql5.com/en/charts/8133154/bchusd-d1-simplefx-ltd
DASH
is also looking down but not very deep. Its first volatility implied target is very close to its current price and it may bounce from where it is. The wide open mouth of its major DWMAs also implies a continuation of the correction even if it goes to its up targets.
https://www.mql5.com/en/charts/8133169/dash-d1-ava-trade-ltd
ETH
is relentless and it is heading to $1300
https://www.mql5.com/en/charts/8133171/ethusd-d1-simplefx-ltd
ETC
is trying to catch up with its younger brother
https://www.mql5.com/en/charts/8133175/etcusd-d1-simplefx-ltd
LTC
is in the middle of nowhere at the moment. But again a wide spread of the major DWMAs favours a further correction.
https://www.mql5.com/en/charts/8133177/ltcusd-d1-simplefx-ltd
XRP
did not cross its down trigger line yet but the only direction I see for it is down. It may bounce off 13DWMA (blue) and even spike to a new all-time high, but it is ripe for a correction.
https://www.mql5.com/en/charts/8133189/xrpusd-d1-simplefx-ltd
