short term trendline provide resistance on the hourly. Bitcoin trading

Short term bitcoin traders:

We clearly see a downward trendline on the hourly chart. The trendline has been touched 4-5 times. A trendline like this obviously suggest more aggressive selling than buying in the short term. If bulls cannot break above this line, I am afraid we will fall lower. A strong breakout, IE large volume, fast rise, will breakout of this formation. You can follow me on twitter @ibankbitcoins