Thunderpips
BTC USD BUY (BITCOIN - US DOLLAR)Hi there. Price is forming a possible pattern to the upside on the bigger time frame.
On lower time frame there are two scenarios, but we have to wait and see how price behaves.
FIRST SCENARIO:
On the 1 hour time frame price reach the SMMA , forms a divergence on a lower time frame and forms a strong price action to the downside.
SECOND SCENARIO:
On the 1 hour time frame price reach the SMMA, forms a divergence on a lower time frame but price is not so strong to the downside and forms a continuation pattern to the upside. Then our bullish pattern, that it's forming on bigger time frame, starts to make sense.
Let's wait and see how price behaves.