The Hourly View for BCH
Last Updated September 3, 2021, 02:016 GMT
At the moment, Bitcoin Cash’s price is up $2.91 (0.45%) 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. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above 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 came into today up 0.61% ($3.33) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on volume that was up 37.52% from the day prior, but down 38.06% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since the previous day in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.
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 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
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 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.
- 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”.
In terms of news links for Bitcoin Cash here’s one to try:
now this is big news for the users of Bitcoin Cash (BCH) to purchase more $CATS under their normal holdings of Bitcoin Cash Altcoin.