Bitcoin is a hotly debated topic. I try to take the emotion out of my trading and look purely at the chart. From a technical stand point, I really like the weekly chart that is developing on Bitcoin. It has built a big base over the past two years and is now starting to tighten up. Bitcoin is extremely volatile and can move drastically in either direction. With a stop loss in place, traders can limit the downside while enjoying any long-term rallies. For more information on how I trade Bitcoin, visit this post.
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