Bitcoin

(Bitstamp:BTCUSD 1h)

Bitcoin bounced nicely from around the $9023 support after forming double bullish divergence on both the RSI and MACD (single divergence for RSI for time frames other than 1h). We're now moving to test the 50% retracement and climb towards $9500.

For the bears in the market, this bounce will be the the place to build up shorts. Keep an eye out for sharp rejections of resistance levels for a sign of weakness/ signal to sell.

Ethereum

(Bittrex:ETHBTC 1h)

ETHBTC has been holding the 0.07913 support nicely with a second retest today. More risk averse traders may wish to give it another day to be sure, but this looks like it could be a good bullish consolidation zone, ready for a new bullish leg in the next week or so.

Bitcoin Cash

(Bittrex:BCCBTC 1h)

After a small test below the support of the descending channel, Bitcoin Cash made a good bounce into a break upwards. The 0.1838 and 0.1862 resistance levels will be important to watch today and tomorrow. Volume is also very low at the moment, making me a bit concerned about the strength of the break. A trailing stop-loss may be a good way to capitalise on the rise while also limiting downside risk/ loss of profit.

Litecoin

(Bittrex:LTCBTC 1h)

Unfortunately, Litecoin broke below the 0.01714 support yesterday while also making new lows on the RSI and MACD, invalidating the bullish argument for the moment at least. We'll have to wait for another good support to become apparent and/or bullish divergence.

Monero

(Poloniex:XMRBTC 4h)

XMRBTC continued to drop ever nearer to the 0.02370 support over the last few days. While there are still signs of bullish divergence, previous bullish divergence as been broken several times recently. We have also rejected the 0.02493 resistance twice in the last 2 days, which adds to the bearish argument.

This could easily be interpreted as a bearish consolidation zone, suggesting a break below 0.02370 in the near future - which would likely lead to a longer term bearish trend.

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.