Bitcoin Cash (BCH) Closes Prior Hour Down -0.2%; 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 9, 2021, 18:16 GMT

At the time of this writing, Bitcoin Cash’s price is down $-1.33 (-0.2%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 and 50 hour changed directions on BCH; they are now pointing down. 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 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 Wednesday 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.

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 7 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

  • From OliCryptoDotCom:

    I am one of a few HAPPY with sudden crypto crashes๐Ÿ“‰๐Ÿ“‰๐Ÿ“‰I earn prize money in fiat and then distribute it to $OLI holders in Bitcoin Cash.The cheaper crypto at the moment, the more I can send out.So dear #BitcoinCash please stay low for one week more, then rise!

  • From blessThisMoney:

    the @ExiledApes is THE FIRST ether classic/bitcoin cash scenario to happen in #NFTs. But the history is very different. We are misprints to a very collectible historic series. We were given permission immediately after mint, by the team to collect the misprints.
    @DegenApeAcademy

  • From BitcoinCashCom2:

    @Crypto_Viziris @WuBlockchain Back when I was involved with BTC in 2010, people were saying Bitcoin is a scam. Nobody cares about Bitcoin back then. Today, I hear the same thing about Bitcoin Cash. Other people’s stupidity and ignorance is my opportunity. =)