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.
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!