Bitcoin Cash (BCH) Closes Prior Hour Down -0.17%; Heads 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 14, 2021, 01:016 GMT

At the time of this writing, Bitcoin Cash’s price is down $-1.06 (-0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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

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 Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.

BCH

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 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

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From etherbalance:

    If BTC gains 1 trillion marketcap, it only 2x in price. But that same 1 trillion will give you around 68x your Bitcoin Cash investments. It is such a smarter option given the risk/rewards probabilities. #BitcoinCash has a high value low price while $BTC has low value high price.

  • From mira_hurley:

    @PabloGallegos1 @GeorgeDonnelly I’d personally opt for Nano rather than Bitcoin Cash, but yes, I’d very much recommend using something that is usable on the first layer rather than one that needs to resort to custodial/2nd layer solutions.

  • From blancomorao:

    @bitcoininfo @AUnderwar Because Bitcoin Cash is the only crypto looking to spread more economic freedom around the world 🌍