Bitcoin Cash (BCH) Closes Last Hour Down $-0.10; Pin Bar Pattern Appearing on Chart, 2 Day Down Streak Broken

The Hourly View for BCH

Last Updated July 15, 2021, 02:050 GMT

At the moment, BCH’s price is down $-0.1 (-0.02%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as BCH has now gone down 5 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 BCH. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

467.24 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved up 0.44% ($2.04) from the previous day. This move happened on lower volume, as yesterday’s volume was down 51.06% from the day before — and down 56.52% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone down 8 them. 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 CypherSafe:

    @elonmusk @bluewalletio I see @elonmusk has made some progress in his Bitcoin Learning.Now he’s spewing Bitcoin Cash arguments about lightning from 2018.Just 3 more years of learning to go, and he’ll actually have a clue.

  • From thecryptokidd:

    What’s your top three list for making a passive income with Bitcoin Cash? #BCH

  • From MrPostman90:

    @CoinDesk @binance @sheldonreback Download @modeapp_ create an account. Then on Binance convert your fiat into Bitcoin and then transfer it to your mode account.
    Then you will be able to withdraw. #MODE are @TheFCA regulated in the U.K. You can also start to get Bitcoin cash back with pay by mode end of Sept 👍🏻