CZ Explains How Binance Dealt With Aftermath of $40 Million Theft

7m
cryptoglobe

The End of the Bitcoin (BTC) and Crypto Winter Is Here

9m
dailyhodl

Renowned Dev Crafts Two Improvement Proposals For Bitcoin Privacy

18m
cryptonewmedia

Bitcoin’s $2,200 correct could prove to be a swing trade buy, claims old-school trader |

19m
cryptonewmedia

Top Altcoins Gainers in USD and BTC Value – 2019 Week 20 Edition

19m
nulltx

Just 732,000 Bitcoin Addresses Own At Least 1 BTC

25m
bitcoinist

Netherlands: Odyssey Announces Winners Of 2019 Blockchain And AI Hackathon By Diana Ngo - April 25, 2019 0 269

26m
coinjournal

How to Travel the World With Bitcoin Cash

38m
thebitcoinnews

Bank of America has yet to find any blockchain use case for financial services sector, says Bessant

43m
bitcoinnews

Upper echelons of exchange’s board sparks debate; compliance…

1h
cryptonewmedia

BitMax.io (BTMX.com) Announces Strategic Listing Partnership with DREP

1h
cryptonewmedia

Bitcoin Bulls Wipe Out Losses on Another Strong Weekend

2h
bitcoinnews

Binance Coin (BNB) Heads Toward $30 With A $4 Billion Valuation

2h
zycrypto

Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

2h
thebitcoinnews

Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception |

2h
cryptonewmedia

Bitcoin Cash’s hashrate comes dangerously close to being controlled by one mining pool |

2h
cryptonewmedia

Kik CEO Says Firm Spent $5+ Million on Negotiations With US SEC: Report

2h
cryptonewmedia

BitcoinNews.com Ethereum Market Analysis 19th May 2019

2h
bitcoinnews

Coinbase CEO Talks About Staking, Voting, Margin Trading, Lightning Network, and More

2h
cryptoglobe

Can Monero (XMR) Trade At $100 By End Of May?

3h
zycrypto

A Perfect Cryptocurrency With No Flaws, Is It Ripple’s XRP?

3h
zycrypto

BitcoinNews.com Bitcoin Market Analysis 19th May 2019

3h
bitcoinnews

Ethereum Is Popular, but It’s Probably Not Perfect

3h
livebitcoinnews

Binance Coin [BNB] registers ATH as it surges by over 16,000% since…

3h
cryptonewmedia

How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data

3h
cryptonewmedia


Bitcoin Cash and Tezos Are Outperforming Bitcoin This Week, Will They Continue? [Price Analysis]

block

3d ago

Regarding its USD price, Bitcoin Cash has managed to rise above the point where its price underwent a significant decline from in November.

This is the third consecutive weekly increase and after a prolonged underperformance against the market leader Bitcoin. However, now Bitcoin Cash has started to outperform BTC.

At the time of writing, data from Messari shows Bitcoin Cash increasing 9.95% against BTC over the past seven days.

After three consecutive weeks of declines in BTC value, Bitcoin Cash then managed to find support for two consecutive weeks at the 0.04459 BTC level.

The price dropped below this level last week but quickly found support where buyers stepped in to bring the price back above.

The price was able to record an increase two weeks ago after the three consecutive weeks of declines which were followed up by a Doji candle last week as traders seemed uncertain.

However, the Doji candle is being followed up with increases this week as Bitcoin Cash and is outperforming BTC so far.

The BTC price of Bitcoin Cash has risen above the point where it formed its two previous highs at 0.052 BTC.

Although the price rose to 0.0542 BTC today, it has since retraced to the 0.052 BTC level where it is likely finding buyers step in as a case of resistance turned support.

The rise above this level took place after numerous tests of 0.052 BTC.

Repeated tests of a level serve to weaken the level with fewer sellers to hold the level on each test.

Tezos is another altcoin that has been outperforming Bitcoin over the past seven days.

Data from Messari reports Tezos appreciating 12.12% over the past seven days in terms of its BTC price.

This can be attributed to the price action over the previous two days.

The price of Tezos increased by over 30% against Bitcoin during these two days of price action.

The price increase took place from an area of buying pressure at 16700 satoshis (sats).

After the two days of price increases, the daily candle today is forming a Doji candle reflecting high levels of uncertainty.

23550 sats is an area above current price action which has previously acted as an area of resistance.

Although the price did not rise to this point, it is possible that sellers anticipated resistance at this level and acted beforehand.

Buying momentum is currently very high as measured by the Daily and 4-hour RSI and MACD all increasing.

It is likely that the price of Tezos could continue to increase from here to retest 23550 sats as resistance.

Tezos Set to Pass Historic Vote, Will It Push Its Price Back to All-Time Highs?

Crypto Bubble Vs Bitcoin Miracle: Roubini & Novogratz Square Off at the 2019 Salt Conference

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments