Bitcoin Cash (BCH) Price Near $436.75; Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days, 3 Day Down Streak Broken

The Hourly View for BCH

Last Updated July 19, 2021, 02:051 GMT

Currently, BCH’s price is up $2.14 (0.49%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved 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

The end of a 3 day negative run has come for Bitcoin Cash, which finished the day prior up 0.46% ($2). As for how volume fared, yesterday’s volume was up 13.39% from the previous day (Saturday), and up 73.45% from Sunday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin Cash’s price has gone down 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to 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.