Currently I believe BTC has been moving sideways inside of a parallel channel it created for its self. We have continuously bounce form the lows to the tops of the channel. Recently we have rejected the middle of the channel and we are currently testing the lows of the channel as resistance. If Price Action is resisted from the lows of the channel, I believe it will signify a bearish break in local trend, resulting in price coming down to its next area of support, at the 28400 spider line. Which also lines up with the low of the VPVR range before volume drops off. If the 28400 region is broken price will come down to its volume node. RSI is also in the overbought levels and has been for a while, with no significant movements upward, furthering the probability that price come further down and turns bearish , while RSI declines on higher time frames.

Check out my twitter for a link to my TA and Signals Server, I post daily TA, Livestreams, and I love engaging and discussing with a community of like minded people as me! Feel Free to check me out!