The Hourly View for BCH
Last Updated September 15, 2021, 01:016 GMT
At the time of this writing, Bitcoin Cash’s price is up $0.2 (0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 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 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 closed the previous day up 0.61% ($3.33); this denotes 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. 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 previous day. 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 additional context, note that price has gone up 16 out of the past 30 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 SallyMayweather:
Why Bitcoin Cash?Because to beat @federalreserve we have to outcompete them. They have 1 product & 1 product only – exchange media – & Bitcoin cash is the most efficient medium of exchange ever devised by man.
- From simplykashif:
Bitcoin Cash, #Litecoin, and other forks came into existence on the pretext that Bitcoin is slow and expensive for micropayments.Now after the success of the lightning network on #Bitcoin. Why do they even exist?
- From MartinAudley:
@SallyMayweather @federalreserve >”…the most efficient medium of exchange…”• Bitcoin Cash’s security operations cost its users over 1.74% of marketcap annually. It charges its users fees as a medium of exchange• $NANO has a zero annual cost of security operations to its users and zero feesSo why BCH?