The Hourly View for BCH
Last Updated July 1, 2021, 07:016 GMT
At the moment, Bitcoin Cash’s price is down $-0.14 (-0.03%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 downtrend on the 10 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 is up 0.69% ($3.59) since yesterday, marking the 5th straight day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 30.04% from the day before — and down 34.18% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd 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 first thing we should note is that Bitcoin Cash is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone up 9 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
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 isabel_kor:
@ColinTCrypto @MarcDeMesel This brings me to an idea: would be great to see the two of you in a conversation sometime, on market cycles, investing, Bitcoin Cash, and crypto in general. Since you have similar, yet diverging perspectives, I believe that would be interesting for many of us. Just an idea 😉
- From ckitty02:
Anyone doing a bch giveaway here? Let’s try. I’ll pick 3 random winners via spin the wheel to receive BITCOIN CASH.Just comment your username + ❤️BCH on here. (Example: drine06❤️BCH)Retweet.Minimum of 25 users to start.#BitcoinCash
#Noise.Cash - From BitcoinMotorist:
@SallyMayweather Bitcoin cash has caused a lot of heartache. BCH being sent to BTC addresses and vice versa. Confusing new buyers etc
As for a news story related to Bitcoin Cash getting some buzz:
How to List your Business On The Bitcoin Cash Map as a Merchant.
Listing your business on the Bitcoin Cash Map simply means that you have accepted to become a BCH Merchant, recieving payments in Bitcoin Cash and you would love to be easily located buy a customer who wants to pay for your services with Bitcoin Cash….Accepting Bitcoin Cash and listing your business on the bitcoin Cash map will help your business get paid from any location in the world.
This news is republished from another source. You can check the original article here.
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