I'm not sure if it's directly reverse (and it really hasn't been until the last week or so). I think BCH is still trying to figure itself out, and it's too hard to tell how it will ultimately correlate with Bitcoin.
But based on the chart, I do think that if you wanted to trade BCH, you should wait. Either Bitcoin will continue to increase, while BCH stays around $650, or BCH will continue to fall, while Bitcoin stabilizes after this run it's had.
I do think that BCH will likely see some runs in the future, especially when it becomes available to CB accounts in January. I wouldn't be surprised if BCH is in the four figures eventually.
And, yes, BTC will eventually stabilize before making another run. When that happens, no one knows, but I suspect in the next month you'll see a correction/stabilization/consolidation period. "Crash" is relative, but there will be plenty of FUDders who panic and lose money short term.
Seems Bitcoin and Bitcoin Cash have a reverse correlation. Does your view mean BTC is set to crash?
I'm not sure if it's directly reverse (and it really hasn't been until the last week or so). I think BCH is still trying to figure itself out, and it's too hard to tell how it will ultimately correlate with Bitcoin.
But based on the chart, I do think that if you wanted to trade BCH, you should wait. Either Bitcoin will continue to increase, while BCH stays around $650, or BCH will continue to fall, while Bitcoin stabilizes after this run it's had.
I do think that BCH will likely see some runs in the future, especially when it becomes available to CB accounts in January. I wouldn't be surprised if BCH is in the four figures eventually.
Just my opinions...Others may beg to differ :)
And, yes, BTC will eventually stabilize before making another run. When that happens, no one knows, but I suspect in the next month you'll see a correction/stabilization/consolidation period. "Crash" is relative, but there will be plenty of FUDders who panic and lose money short term.
HODL!
I add this post to my blog as is : http://xyzc.gq/bitcoin-cash-and-omg-are-primed-to-run/