Bitcoin on the retreat!

HI friends! Looking the four hour chart, we can see that bitcoin has been rejected at the rising pink trendline, and is now breaking support at the 23.6% retracement level. Additionally, there has been a bearish cross on the MACD. Prices are likely to head lower. Possibly to the 50 EMA (in orange.)

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-