This chart from today's Early Look by Keith McCullough uses Bitcoin's historical ups and downs to show why it's OK to be long a bubble ... if you have an exit process. 

Here's how Hedgeye's CEO is risk managing Bitcoin after today's 10% gain.

A) Today, with Bitcoin “mooning” toward the TRR (Top-end of my Risk Range™ Signal), I’ll sell SOME = Partial Gain Booked, Exposure Maintained
B) If/when we see a correction toward the LRR (Low-end of my Risk Range™ Signal), I’ll buy SOME = That’s what we did in Portfolio Solutions late last week
C) If/when we register LHs (lower-highs) and/or an immediate-term TRADE breakdown, we don’t buy = We wait and watch for a potential TREND breakdown (where we’d sell all, then look to short it)

Click here to read today's Early Look in its entirety free as part of All Access Week.

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