Very good risk to reward trade on a BCH short. We're in bearish territory.
1) In bearish ichimoku territory
2) Descending triangle breakdown in play
3) Oversold so we're pumping to retest previous breakdown level
4) End of a market cycle
It's not replacing Bitcoin, I'm sorry. You're still stuck in the new paradigm phase if you think this inactive development of a project is about to head anywhere north.
Too many people bought at really expensive levels for Bitcoin Cash and are looking to minimize their losses. We're not seeing an all time high for now.