Bitcoin Cash (BCH) Closes Prior Hour Up 0.08%; Moves Up For the 2nd Day In A Row, Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated September 2, 2021, 02:016 GMT

At the time of this writing, Bitcoin Cash’s price is up $0.56 (0.08%) from the hour prior. Bitcoin Cash has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 20 and 10 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 came into today up 0.61% ($3.33) from the open of the day prior, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was up 37.52% from previous day, but down 38.06% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to the day prior. 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 up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 16 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

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

  • From SallyMayweather:

    Let me break this down for you…Your congressman works for the corporations that fund his campaigns.The only way to stop bailing out these shitty companies is to become your own bank.The easiest way to do that is to use Bitcoin Cash instead of fiat shitcoin.

  • From bitjson:

    With introspection operations, Bitcoin Cash’s contracting language would also support validating the spending transaction itself, e.g. “to unlock this money, provide a signature in a transaction withdrawing no more than 10% of the funds to a pre-approved address”.

  • From TJ51956373:

    @BitcoinDiamond_ Well first win back trust of the community, given now BCD is community drive, even more!! and that should help with next steps. I would want this to become a better project than Bitcoin cash, because that also started as a mining project and then got into mainstream.

In terms of news links for Bitcoin Cash here’s one to try:

Bitcoin Cash Payment Processor Evolves Adding URL Shortener, Paypal API Integration – Bitcoin News

by
Sergio Goschenko
Prompt.cash, a bitcoin cash noncustodial payment processor, is adding a bunch of interesting functionalities….Also, Prompt.cash added Paypal API integrations, making it easier for merchants to test Bitcoin Cash payments seamlessly….To make things even easier for merchants, Prompt.cash features integration with many popular platforms.