Bitcoin

(Bitstamp:BTCUSD 1h)

Bitcoin made a good bounce after testing below the 50% retracement (of the recent trend) a few times. This also lines up nicely with the with the macro 38.2% retracement, at $8623. At the moment, we're holding around $9222, although volume has diminished significantly since the small dip, so a retest a bit lower seems likely before confirming a support.

Ethereum

(Bitstamp:ETHBTC 2h)

ETHBTC, too, made a good bounce, climbing back to 0.07317. Volume is good as we move towards a retest of highs, however this still isn't a great place to be making positions. As with Bitcoin, I feel a retest towards lows is in order to confirm any support. Past that, if we hold support then we can look for new bullish positions. If not, a test towards 0.06466 is possible.

Bitcoin Cash

(Poloniex:BCHBTC 2h)

As with Bitcoin, BCHBTC's volume is dropping off quickly after its initial bounce from the pullback. While we remained a bit flatter than ETHBTC yesterday, the same pattern and need for a retest of lows is still present.

Another bounce from the 38.2% support would make a good place to build up a position. However, until a strong support is confirmed with that second bounce, there is quite a lot of downside risk to BCHBTC.

Litecoin

(Poloniex:LTCBTC 2h)

After its bullish divergence on the 25th, LTCBTC has so far failed to make a new low. Instead, it has a distinct possibility of forming a double bottom reversal. I'd still recommend waiting for a bounce and consolidation higher before looking for bullish positions, but there is certainly a possibility of another bullish leg in the medium term.

Monero

(Poloniex:XMRBTC 2h)

Monero has made a retest back to the 50% and 0.02760 supports and looks to be bouncing. Volume is significantly lower on this second test, fitting the volume profile of a double bottom reversal. However, due to the fact that we're still relatively near highs, I'm not sure how much weight a double bottom holds. Instead, it would be more useful to see a consolidation near the 0.03200 resistance.

Either way, its best to wait from the sidelines and see whether Monero can bounce back above ,and hold, support.

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.