Bitcoin Cash (BCH) Closes Last Hour Up $2.87; Moves Down For the 3rd Consecutive Day, Pin Bar Pattern Appearing on Chart

The Hourly View for BCH

Last Updated July 19, 2021, 02:016 GMT

Currently, Bitcoin Cash’s price is up $2.87 (0.66%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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 down 0.4% ($1.76) since yesterday, marking the 3rd consecutive day a decline has happened. The change in price came along side change in volume that was down 38.22% from previous day, but up 3.96% from the Sunday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to yesterday. 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 down over that time. For additional context, note that price has gone down 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

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

• From CryptoVince369:
  

  @WillieHBonney @RichardHeartWin @rogerkver I agree. I personally don’t feel a need to use any implementation of Bitcoin anymore, but Roger’s alright in my book and Bitcoin Cash is certainly the more transactable one.

• From CryptoRally111:
  

  CRYPTOS: the last 24h
  Bitcoin $BTC: 0.25%
  Ethereum $ETH: 0.39%
  Cardano $ADA: -2.02%
  Ripple $XRP: -2.14%
  Dogecoin $DOGE: -3.61%
  Polkadot $DOT: -2.91%
  Uniswap $UNI: 0.07%
  Bitcoin Cash $BCH:-1.86%
  Chainlink $LINK: -1.42%
  Litecoin $LTC: -2.62%
  EOS $EOS: 2.03%
  SHIBA $SHIB: -0.41%

• From TheOnlyFronk:
  

  @SteveMo41199446 @IsaacMiller @MikeTyson Elon has nothing to do with the dogecoin devs or the network, he is just a big fan that has been a major catalyst for adoption. Bitcoin cash is not widely adopted and doesnt have the community behind it. The tech improvements to doge will make it better than BCH. Look into it.