Bitcoin Cash (BCH) Closes Last Hour Down $-0.03; 3 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days

The Hourly View for BCH

Last Updated July 19, 2021, 06:016 GMT

At the moment, Bitcoin Cash’s price is down $-0.03 (-0.01%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin Cash has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

The end of a 3 day negative run has come for Bitcoin Cash, which finished yesterday up 0.46% ($2). As for how volume fared, yesterday’s volume was up 13.39% from the previous day (Saturday), and up 73.45% from Sunday of the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 15 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

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

  • From DavidShares:

    @rose_buddies @Snowden Use a VPN, use cryptocurrencies like Bitcoin Cash #BCH, use nyms (not real names), use diff emails, don’t associate real name to phone/email, stop using Facebook and other social media like Twitter (if you are trying to be hidden). There’s scales to staying out off the radars.

  • From TheOnlyFronk:

    @SteveMo41199446 @IsaacMiller @MikeTyson Elon has nothing to do with the dogecoin devs or the network, he is just a big fan that has been a major catalyst for adoption. Bitcoin cash is not widely adopted and doesnt have the community behind it. The tech improvements to doge will make it better than BCH. Look into it.

  • From WhaleTrades:

    📈💴$1,576,051 #bitcoin LONGED @$31922.85 [18/07/21 00:54:19]
    🏭 bybit | $BTCUSD🗣️It’s NOT BCASH, it’s Bitcoin Cash! – Raging Roger Ver