# <center>Bitcoin</center>
![Bitstamp:BTCUSD 1h](https://steemitimages.com/DQmccPccKf5dJLoc86a4dzm3icdxPrCSZ35PeRqQGZJ8ATz)
(Bitstamp:BTCUSD 1h)

As I hoped for, Bitcoin made a bit of a pullback towards the 50% support, before bouncing back up above $9300. In its current state, this is a good confirmation of strong support near highs, giving a strong bullish signal. 

However, there is the possibility of an ascending channel forming (pink channel on the chart), so watch out for a rejection of the ascending resistance as a confirmation. While this doesn't look particularly likely at the moment, its always best to keep a view on the possibilities.
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# <center>Ethereum</center>
![Bitstamp:ETHBTC 1h](https://steemitimages.com/DQmduZNRxnwc3uMs2WtWWyXuxbx5Dqu2uytU7DquLS3LawF)
(Bitstamp:ETHBTC 1h)

I've also been watching a loose ascending channel on ETHBTC, which is now showing signs of bearish divergence. A break downwards from this channel, to make a similar bounce from support as BTCUSD, would be ideal. A confirmation of lower support would give a strong bullish signal and allow us to take positions with a well defined risk level.

Until we get such a confirmation, I still recommend waiting from the sidelines, rather than building up new positions just yet.
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# <center>Bitcoin Cash</center>
![Poloniex:BCHBTC 1h](https://steemitimages.com/DQmUwZrB4tonqWp5a7YUX1Ahg4gfqxydWEDJzuXfzJPBWJ5)
(Poloniex:BCHBTC 1h)

Bitcoin Cash has been consolidating nicely since the 26th, with a good volume drop off for a consolidation zone. Finally, this provides a decent opportunity to build up a bullish position with minimal risk. The 0.1433 support would make a decent level to place stop losses. And, as always, make sure to size positions appropriately.

Your position sizing/ risk tolerance should be based on how much you'd be willing to lose, assuming that any position you take goes wrong. While I try to go for higher probability setups, its always best to prepare for the worst while hoping for the best.
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# <center>Litecoin</center>
![Poloniex:LTCBTC 2h](https://steemitimages.com/DQmUQusRqLPwAzitxmemjVWTJMvNiZqKe7AwM1Av48mQPC1)
(Poloniex:LTCBTC 2h)

Litecoin has been holding nearer to lows on decreasing volume, a rather bearish sign in the short term. As it stands, this could easily form a bearish consolidation zone, signalling a break to lower lows. 

For the bulls, we're looking for is a strong bounce through the stack of resistance levels we're currently below and, preferably, a consolidation back above 0.01752 support/ resistance.
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# <center>Monero</center>
![Poloniex:XMRBTC 2h](https://steemitimages.com/DQmY8nCC2vEd3m8z9vhBjXUsPSYzYAZkkE3LubUamT4GXN7)
(Poloniex:XMRBTC 2h)

Similarly to LTCBTC, Monero has been pushing towards support without a good bounce so far.  A break below 0.02730 leaves a lot of room for further drops, as there are historical few support levels. A climb back towards 0.03200 would be ideal for a bullish consolidation, but that prospect is looking ever unlikely.
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### 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.**