BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
Shorttermbullish
MANA $1.20 boundMANA broke the resistance of the macro descending channel (orange) 4 days ago and is currently still above that zone. Although there is a potential 'M' pattern forming (red), there is tremendous support all the way down to $0.59. I think the latest momentum and industry growth leans toward a more bullish scenario. Although these are simply my views and not financial advice, I believe MANA is going to follow the micro descending channel (aqua) as part of a greater ascending channel (green) as it completes a cup and handle pattern that began November 4, 2022. Should MANA break below these channels, in favor of the M pattern (red), I would expect the price to dip back to the $0.30 area.
GBPUSDSo I've analysed GBPUSD as you can see above. It's only been 45 days I entered this world of Forex Trading so I am using what knowledge I've gained so far. Im not trading on a live account right now and I will be trading according to my analysis on my demo account and that's how I think will happen if we break triangle.
Waiting on that triangle to break then i will update ya all!