Here's another way to trade a bitcoin breakout | the trade

Robert Bubalovski, Director at Trade View Investments joins Scutty to discuss bitcoin breakouts. There are many different ways to trade the breakout, says Robert, but he is looking for a consolidation in the pattern or the market itself. Robert outlines what it looks like on a chart, and also how to build it into an automated system. First, Robert defines the entries. The upper and lower levels of consolidation are key, he says, and he defines this by counting the number of bars in the consolidation. From here, Robert can find the optimal level for it to breakout. Next, Robert tests the model. He back tests the breakout strategy across different cryptocurrencies, and multiple instruments. Every strategy doesn't work the same, says Robert. Next, Robert trades the model. He outlines a daily breakout based off his back testing results.