BCH is moving opposite of BTC! - Charts and Graphs
I have been doing some analysis on these two coins and have noticed a strong negative correlation. The correlation coefficient (using the Pearson method) is -.9487 for the last 2 days. Check this out (BCH is on the top):
Here is the code I used, and check out the correlation chart at the bottom. Thanks to Patrick Triest for his post that made the foundation for this code, if you haven't, go check it out.
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STOPI do believe a large portion of the public perceives the two coins as holding a collective single sum value. Thus, when the one increase, the other decreases, maintaining a similar value when combined. It's an almost perfect inversely proportionate relationship.
That would be interesting if it holds up in the long run, because the more valuable one becomes, the less valuable the other becomes (if they truly are negatively correlated). It seems like something is missing.
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STOP