Hey guys, since the BTC is nose diving, we have analyzed the BTC price chart in coinbase carefully to inform you two possible scenarios.
1) Scenario 01: Bounce from T-LINE of I-CLOUD
This is most likly scenarion. the reason is there is a massive support around 4250 mark
2) Scenario 02: Bounce from K-LINE of I-CLOUD (C-CLAMP situation)
This is also a possibility, if bears want to dump the BTC more, it will drop down up to 3400$ mark where the K-line is situated. Furthermore, ichimoku indicator is setting up for a perfect c-clamp where price drop drasticaly up to K line and bounce from there.
Cheers
CF