Bitcoin

(Bitstamp:BTCUSD 4h)

Bitcoin continued its drop through $9023, to break all the major supports near highs. Volume has picked up as we continue to descend, so the bearish trend is looking pretty strong. The first support comes at $8425, the peak of the previous consolidation. However, a drop as low as $7888 isn't unlikely.

Ethereum

(Bittrex:ETHBTC 2h)

ETHBTC managed to drop through the 50% support earlier, with a large spike in volume, to test the major ascending support of the past few weeks. The volume on the bounce candle is rather low so far, so it'll be interesting to see whether or not the support holds.

Needless to say, the bullish consolidation zone was invalidated by the sustained break below the 50% support, and this carries too much downside risk to justify buying back into the position just yet. A break below the ascending support could lead to a significant pullback towards 0.07360 or further.

Bitcoin Cash

(Bittrex:BCCBTC 2h)

Bitcoin Cash failed to hold the top of the channel, breaking down swiftly towards the 0.1545 support. The speed and volume of this movement suggests the bears are back in control and a continued move lower is likely.

(Bittrex:BCHBTC 4h)

Adding to this, the breaking down of the bull flag confirms the bearish divergence on the 4h time frame, making this the start of a bearish pullback. A retest towards 0.1360 (at minimum) is looking increasingly likely.

Litecoin

(Bittrex:LTCBTC 2h)

Litecoin continued to drop, breaking below the 0.01636 support and dashing any hope of a bullish leg in the near future. We may hold above the 0.01590 support, but this rejection of highs is looking pretty bearish. We'll have to keep an eye over the next few days where the market is signalling.

Monero

(Poloniex:XMRBTC 4h)

Monero finally broke below the 0.02370 support, although on surprisingly low volume. We're in a tricky middle ground where the bigger picture is looking pretty bearish, but the trend is looking weak after the break of support. I recommend holding off here until the market picks up volume, whichever direction that may be.

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.