And more recently as seen on October 06, as it broke above this Triangle:<\/p>\n
![\"BITCOIN](\"https:\/\/s3.tradingview.com\/0\/0XbZNWZO_big.png\")
<\/a><\/div>\n** The 1D Channel Up **<\/strong> ** The 4H Channel Up **<\/strong> Apart from that, the confirmation of bullish extension on the 1D chart is the MA20\/ MA50 Golden Cross. As seen on the left chart, both the LMACD and the RSI are setting up such a bullish break-out.<\/p>\n Do you think we should wait for the blue 4H Channel Up to break first before buying more, or follow the bullish set-up on 1D (LMACD\/ RSI)? Feel free to share your work and let me know in the comments section!<\/p>\n Please like, subscribe and share your ideas and charts with the community!<\/strong><\/p>\n ——————————————————————————————————–<\/p>\n !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!<\/p>\n \ud83c\udf89 \ud83d\udc4d Shout-out to TradingShot’s \ud83d\udcb0\u00a0top TradingView Coin donor<\/strong>\u00a0\ud83d\udcb0 this week ==>\u00a0TradingView<\/a><\/p>\n ——————————————————————————————————–<\/p>\n Tradingview link:<\/p>\n <\/p>\n
\nThe wider (long-term) pattern is see on the left screen and is the (green) Channel Up on the 1D chart. I have analyzed the dynamics of this Channel extensively since May, June, but more recently, I incorporated smaller formations in it, as seen on the idea below:<\/p>\n![\"BITCOIN](\"https:\/\/s3.tradingview.com\/8\/8DSvpXRZ_big.png\")
<\/a><\/div>\n
\nSo all the above suggest that a very important break-out took place for Bitcoin on the long-term. Apart though from the 1D Channel Up, we shouldn’t ignore the more short-term pattern on the right hand-side of the screen, the Channel Up on the 4H chart (blue). This shows that the price has basically completed the symmetrical +13% rise and as it is near the Higher High trend-line, it may deliver a pull-back. We need to see this Higher High trend-line break before adding up on our buy positions.<\/p>\n