Breakout strategies are very popular for Forex and stock trading and as it can be noticed, they also work when it comes to big market cap cryptocurrencies. Considering that they offer opportunities to enter the market in the dominant direction of the order flow, we want to give you a simple strategy that any beginning trader can include in its trading plan. The breakout strategy With-trend trading must be your priority if you want to generate returns by trading cryptocurrencies, and the breakout strategy is the right tool to do that. It does not matter whether you trade MGC cryptocurrencies, eToro, or any other broker. As long as you have interactive charts, you’ll be able to spot breakout trading opportunities. In order to explain the strategy better, we’ll use an actual example from the chart. Below you can see a Bitcoin 5-minutes chart from the beginning of April 2019, when the price surged impulsively to the upside. Source: tradingview.com We’ve drawn a line at $4,384, because that was a December 2018 high and a key level. The most important component of this breakout strategy is the breakout bar. As you may notice, it is very large in size and closes…