The Hourly View for BCH
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At the time of this writing, BCH’s price is down $-0.42 (-0.04%) It’s been a feast for bulls operating on an hourly timeframe, as BCH has now gone up 4 of the past 5 hours.As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe .Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on BCH.Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.choppiness mixed trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders .Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today down 1.62% ($16.07) from the open of the previous day, marking the 2nd day in a row it has gone down.
The price move occurred on volume that was down 49.69% from the day prior, but up 102.93% from the same day the week before.Bitcoin Cash outperformed all 7 assets in the Top Cryptos asset class since the previous day.
Here is a Bitcoin Cash.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 6 out of the past 10 days.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 JavierGonzalez :
I propose that next May 22nd, Pizza day be celebrated to the max in Bitcoin Cash community.It is a more important day than “independence day”.Better to celebrate the first use as a currency than a split.BTC can’t celebrate Pizza day with fees at $51 avg.It’s not their day.From BlockpartySh :
I used @sideshiftai to convert some old btc dust to bch, this took over an hour to be inc in block, fee > $50, different explorers didn’t show the transaction… what an absolute joke – I am so confident when people try Bitcoin vs Bitcoin Cash they will see what they are missing.
From WatchdogCapital :
The value of a stock is based on the current value of projected future cash flow.This only works the way it’s supposed to if the money is sound.We see a future where #Bitcoin cash flows are a priority.
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin vs Bitcoin Cash vs Bitcoin SV | CoinMarketCap
Some of the leading Bitcoin hard forks include Bitcoin Cash and Bitcoin SV….Others include Bitcoin Gold, Bitcoin Cloud, Bitcoin Classic, Bitcoin Private and many more.Most of the forks are community-driven and are intended to add more functionalities to the conventional Bitcoin, or emanate from disagreements on critical features such as speed, transaction fees and block size….This was most recently seen when Bitcoin Cash was split into Bitcoin Cash ABC and Bitcoin Cash Node after a network upgrade, with the latter winning out in support and getting the BCH ticker on exchanges.Importantly, after a hard fork, two decentralized networks cannot natively send messages between each other since they have no backward compatibility, unlike a soft fork….Bitcoin Cash is the second-largest fork of the Bitcoin network, next to BTC…. One of the visible differences between Bitcoin and Bitcoin Cash is the transaction fees….Although the costs fluctuate depending on either blockchain’s congestion, the Bitcoin network suffers from high transaction processing fees compared to Bitcoin Cash.Post navigation.
