Bitcoin Cash (BCH) Fares the Worst Out of Top Cryptos, Down 0.14%; Pin Bar Pattern Appearing on Chart

Bitcoin Cash Price Recap

Bitcoin Cash is down 0.14% since yesterday, marking day in a row it has gone down. The price move occurred on volume that was down 19.25% from the day prior, but up 54.1% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class. Visually, we could say…

via GIPHY

More importantly, let’s take a look at price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

The first thing we should note is that Bitcoin Cash is now close to its 20 and 50 day averages, located at 196.69 and 213.96 respectively, and thus may be at a key juncture along those timeframes. Related to the moving average crossover is that Bitcoin Cash’s momentum/trend on a 30 day basis may be decelerating. Volatility for Bitcoin Cash has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. Or to simplify this another way, note that out of the past 30 days Bitcoin Cash’s price has gone down 17 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From rogerkver:

    Originally Bitcoin’s entire goal was to build a network that would make fiat obsolete. Today most Bitcoin supporters only care about how much fiat its worth while Bitcoin Cash supporters are building that network.

  • From Rhett800cc:

    I think the Bitcoin Cash Community will be excited for some secret Zclassic update @prof_crypto is releasing soon.What could it be? Care to guess?

  • From bchnotes:

    Happy New Year 2020!What a year of hard work it has been with the release of the complete set of Bitcoin Cash Notes. Our purpose is to help spread freedom, and we are building the tools for YOU to accomplish this.Our motto is “Ammo for BCH adoption”.#SpreadBCH