The Hourly View for BCH
Last Updated September 3, 2021, 23:16 GMT
At the moment, Bitcoin Cash’s price is up $1.26 (0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Bitcoin Cash. Given that we see an uptrend 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 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 0.61% ($3.33) since yesterday, 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 Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since yesterday in terms of percentage price change. 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. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From nghiacc:
People learn a lot from wars. No other team in crypto has survived such major wars like @Bitcoin_ABC. The Bitcoin cash fork in 2017, BSV hashwar in 2018, and the funding war on Nov 2020. They are battle tested, and now they have the funding @eCashOfficial.
- From TheVladIvanov:
Happy that I was able to jump on my first live today! Looking forward to streaming many more in the future as well as spreading the word of Bitcoin Cash! If you haven’t viewed it already, you can still watch the entire interview with @RyanMic87079594 on my channel! #BitcoinCash
- From Brady_Crypto:
Added $BCH Bitcoin cash daily RSI 55, looking for a weekend ramp. As there was a big sell-off prior to today’s move on crypto, can add higher low on hourly as daily still has room but scaling. 1/3 scaled into a full position on $BCH. If there’s a flush on Thurs, I will scale.
For a longer news piece related to BCH that’s been generating discussion, check out:
now this is big news for the users of Bitcoin Cash (BCH) to purchase more $CATS under their normal holdings of Bitcoin Cash Altcoin.