Bitcoin broke back up today.... I just took another look at the weekly chart.
This time it could absolutely test all time highs of $1000? very likely, just watch for the break of $800... (otherwise, )
Aligns well with USD, almost breaking up of triple top with a possible 20~30% rally ahead, which will cause massive massive yuan devaluation
USDCNY vs BTCUSD:
India? Currency ban: http://www.zerohedge.com/news/2016-11-10/gold-price-skyrockets-india-after-currency-ban
I've just been holding bitcoin since low 300s, without leverage..
Not too sure when to sell either, the bigger context is that Bitcoin is just a 11 billion market cap currency. There's a lot of room to rally if countries like India messes up their monetary system, or even the massive yuan outflow as a result of devaluation.
Maybe 1000s? depends if I see a weekly topping pattern such as double top. Not going to trade it from day to day.