The Hourly View for BCH
Last Updated February 16, 2021, 00:016 GMT
At the time of this writing, Bitcoin Cash’s price is down $-3.72 (-0.52%) from the hour prior. Bitcoin Cash has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend 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 an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash is up 8.17% ($54.61) since yesterday, marking the 4th day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 39.21% from the previous day (Sunday), and up 102.56% from Monday of the week before. On a relative basis, yesterday was pretty good: Bitcoin Cash bested all 7 of the assets in the Top Cryptos class 🙂 Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 8 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From oscarsalas93:
I understand BTC devs hating on BCH, but the average users (BTC holders) hating it makes no sense. These people are just fanatics. Bitcoin Cash was made to help everyone, including them. BCH is an useful option for decentralized and secure money for all people.
- From Cats4America:
@rogerkver Bitcoin Cash is one of the most pointless cryptocurrencies. There are faster coins, more secure coins, coins with more features, coins with lower or no transaction fees… Literally all you guys have is a bunch of money for propaganda.
- From birdbath:
went out only to get harassed by some tiktok wannabe dude for talking to his lady when she asked me if i was tripping bc of my odd movements & i explained it was the dxm/whiskey + obscure yoga practices, then i come home to hatemail for saying bitcoin cash is superior to bitcoin.
As for a news story related to Bitcoin Cash getting some buzz:
However, we believe Bitcoin Cash has the most potential of all the cryptos now….Kim Dotcom has recently joined the Bitcoin Cash team, attracting much interest in the crypto….So Why Bitcoin Cash?…We are not the only ones that believe Bitcoin Cash is the original Bitcoin concept….Really Bitcoin Cash is better than Bitcoin???