BTC fell short earlier today to have the bulls show up with volume to top the ATH and continue a blue sky breakout. This was effectively the third test of this level and BTC actually failed to even hit the previous ATH before falling. 

Hourly RSI was the highest we've seen since prior to the ATH. Daily candles show a solid double top at this level, with huge upper wick rejection of this price point. 

Looking at the weekly BTC chart, it's obvious we are way into the vertical stage of the parabolic movement which started late winter. Could this double top and rejection indicate we are close to starting the reversal from the pattern? 

![Untitled.png](https://steemitimages.com/DQmaeNrCDQJPMjpbiFrick9Pigwxq8hcGpT5ckCBJ8k82xh/Untitled.png)

Exponential growth needs exponential volume. BTC has observed an overall drastic decrease in trading volume since the first ATH in the middle of June.  Weekly RSI has been forming lower highs for the higher price point, signaling a peak or trend reversal is near. 

Any long positions are urged against buying at the current level as once a trend reversal is confirmed, we will be seeing a long drawn out pullback ultimately down to test the $3,000 support.