![Screen Shot 2018-06-15 at 6.20.45 PM.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Screen%20Shot%202018-06-15%20at%206.20.45%20PM.png)

### Today bitcoin peaked it’s head just above the descending resistance line that’s been in place since mid February. 
![Screen Shot 2018-07-23 at 12.49.40 PM.png](https://cdn.steemitimages.com/DQmWsAHbSSvbV7mPRZamnDLuiYvwhGbZCkZcCsqaAq4pcQa/Screen%20Shot%202018-07-23%20at%2012.49.40%20PM.png)
### While nearly every analyst has been calling for a correction these past few days, bitcoin bulls have impressively held their ground. Volume has increased, as has FOMO. People are wondering if this is the bull run we’ve all been waiting for...and they don’t want to miss the boat. This is what’s been preventing a larger pull back.
### Looking at the 4 hour MACD, RSI and Stock RSI, they're all showing bearish divergence. In other words, they’re all screaming for a correction. 
![Screen Shot 2018-07-23 at 12.37.21 PM.png](https://cdn.steemitimages.com/DQmSY3VfdZiraFyQzmfMV3X4xmTkeMjRw9wXbLhRWGgkRkQ/Screen%20Shot%202018-07-23%20at%2012.37.21%20PM.png)
### Does that mean price is defiantly going to drop? No. This is a battle between technical analysis and FOMO. We’re going to find out soon enough which one will win. 
### In today’s video analysis, I discuss all this and MUCH more. If you’re not watching my videos, you’re only getting half the story. 
### *If you’re viewing this on a site other than Steemit, and you don’t see the below video, navigate to Steemit in order to watch.*
## Video Analysis:
https://youtu.be/FVxdTY1hUtA

**BIAS:**
**Short Term: Neutral**
**Longterm: Very Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*

## **If you found this post informative, please:**
![upvote.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote.gif)

**If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. Sign up here free of charge: https://www.binance.com/?ref=16878853** 

**Brave is one of the safest, ad free browsers ever created. It helps support the crypto ecosystem by awarding content providers with BAT tokens. Join the revolution and download the latest version here,  free of charge: https://brave.com/wor485**

**Follow me on Twitter (handle is @Workin2005) and Facebook to receive the latest updates. https://www.facebook.com/Workin2005**

---
**Published on**
<a href="https://mentormarket.io/"><img src="https://cdn.steemitimages.com/DQmXuk9bWMiPgXdowVfh4JBSGUXMqQkLa1u7ANwzTssgp25/250%20blue%20Overlay%206.png" alt="mentormarket.io" /></a>
by [Workin2005](https://mentormarket.io/profile/@Workin2005)
---
<center><a href="https://mentormarket.io/legal/termsandconditions"><img src="https://cdn.steemitimages.com/DQmY5feG75MDWS57aX2rSUUa8bhzcZEyb5XKZCHY7FUzmXn/Disclaimer.png" alt="https://mentormarket.io/legal/termsandconditions" /></a></center>