The Hourly View for BCH
Last Updated February 19, 2021, 00:016 GMT
At the moment, Bitcoin Cash’s price is up $0.28 (0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Bitcoin Cash Daily Price Recap
Bitcoin Cash entered today at $717.22, up 1.53% ($10.84) from the day prior. This move happened on lower volume, as yesterday’s volume was down 24.2% from the day before — and down 59.18% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From GeorgeDonnelly:
Bitcoin Cash is not a pump and dump coin. Bitcoin Cash is here to change the world by addressing the $90 trillion global cash use case and facilitate financial inclusion for the majority of human in the developing world.
- From GeorgeDonnelly:
We need to see more #BitcoinCash #BCH on @tiktok_us So I am offering up to $1000 USD in #BCH in prizes for GREAT Bitcoin Cash tiktok videosPost here and be tipped 👇👇🤑
- From BobbyDi51654972:
#Binance Most 🚀⛽ Burnt (Last 1H)Rocket fuel is 🔼 buyer volume
Market is currently slow 🐌Bitcoin Cash | $BCH | 2
Kava | $KAVA | 2
Ravencoin | $RVN | 2
Viberate | $VIB | 2
Verge | $XVG | 2
KyberNetwork | $KNC | 1
Chiliz | $CHZ | 1
Dash | $DASH | 1
Dogecoin | $DOGE |2
For a longer news piece related to BCH that’s been generating discussion, check out:
Bitcoin – BTCUSD The Bitcoin cash price is hovering near its highest point in July 2018 as investors react to the strong performance in the cryptocurrencies industry….Bitcoin cash is often viewed as a proxy for Bitcoin.