Bitcoin

(Bitstamp:BTCUSD 1h)

After its bullish divergence on the 1st, Bitcoin pushed back past $9222 and appears to be forming a bull flag. We're still below the $9539 resistance and the ascending support/ resistance as we approach a retest of the $9755 highs.

In the bigger picture, we're still looking strong after this extended consolidation from $9755, so a new bullish leg is looking likely in the near future, although we may consolidate near highs first. We'll have to keep an eye out for bearish divergence in this major leg up, especially as we start approaching $11k, as $11160 marked the bottom of the January dip from $19.7k.

Ethereum

(Bittrex:ETHBTC 1h)

ETHBTC made a surprise break upwards, on decent volume, after consolidating a bit above the 78.6% support. However, there already appears to be signs of weakness, with a definite decline in volume as we continue to climb and a bit of bearish divergence on the RSI and MACD. While I tend to avoid buying into trend anyway, this especially concerns me.

As per the usual, I recommend waiting for another consolidation zone before buying into the longer term trend.

Bitcoin Cash

(Bittrex:BCCBTC 1h)

Bitcoin Cash never broke back below the 0.1425 support after its test of 0.1391. This formed a large double bottom and a "spring". This lead to a pump back above the consolidation zone to where we reside above the 61.8% support. While there was clear bearish divergence on the second test above the 78.6% resistance, we ended up holding the 61.8%. This consolidation near highs is a strong sign, and I suspect we'll see a break above the 0.1700 resistance in the next few days.

I recommend that any open positions (or positions being built up) keep fairly tight stop losses. Other than that, its back to the waiting game for the next leg up.

Litecoin

(Bittrex:LTCBTC 2h)

After finally pushing up from support, Litecoin made a strong pump to break 0.01670 and test the 0.01714 resistance. We haven't broken above 0.01714 yet, but the next few bars will give a lot of information about the market sentiment.

If we can hold firm near the high of this pump, it'll give a strong bullish signal and we'll start looking for a new bullish position. If, however, LTCBTC retraces just as fast as it pumped, we'll know the market is weak and to give it more time.

Monero

(Poloniex:XMRBTC 2h)

Double bullish divergence finally resulted in a slight push from support, for Monero, however we still remain below the 0.02740 resistance. We may have a similar situation to LTCBTC, with a sudden pump through resistance, but I wouldn't hold my breath.

In the bigger picture, this isn't the strongest of positions to be in, with the bottom of the retrace being rather too close to local lows for comfort. I strongly recommend bulls wait for a push back towards 0.03200, as confirmation of a new bullish trend, before taking on too much risk.
Less conservative traders may wish to make small positions here to bet on a return to 0.03200, but this isn't a very high confidence trade, so size appropriately with a tight stop loss.

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.