Bitcoin CorrectionNow that we've dropped even lower, we're nearing in on an important point of interest (blue box).
If we don't see some kind of reversal in this box, and we drop below it, i think the black & green box are next point of interest.
This is an imbalance that could still need filling up, and an orderblock which could be mitigated.
I know things look kinda bearish in the shortterm, but if in doubt, zoom out: we're still in an uptrend on the bigger timeframe :)
Mitigation
Polkadots last correctionAs we all know, bitcoin is having a correction. this often brings alts, just like polkadot, with it.
On the chart you can clearly see where i think polkadot might be headed in this last corrective pulse.
This is an orderblock where price may come down to for large institutions to be mitigated.
This would create a huge double bottom (retail) pattern with a target of around 42$.
AUDUSD H4 - SELL TO BUYWe could look for a SELL if prices broke the immediate H4 swing low, then look for supply areas to get involved for SELLS into the demand area to potentially go higher.
If we expect a move towards Liquidity lows, we need the H4 demand to fail, before prices can head down lower.
GBPCAD H1 - LONGPrices broke structure, leaving behind 2 ranges to work with. The one above has a smaller range therefore, we could trade the immediate BOS if we see a structural shift onto demand area.
Otherwise, with the context of the entire market structure, we could wait for a deeper pullback > accumulation and the transfer of weak into strong hands for a valid buy.
USDCAD DAILY - SHORTUSDCAD Projections towards the downside. Prices broke the Swing Low that created the Ultimate High, showing us that it wants to go bearish.
We could sell into the immediate demand area created on the daily. Otherwise, wait for the demand to fail and trade the flip zone AKA Supply that cause demand to fail.
GBPCAD Trade IdeaPrice did a sweep of the equal highs, drawing on liquidity that was resting above. With a bearish bias, I am anticipating that price will return to the IC that swept liquidty and continue downwards. There's also liquidity resting below and I anticipate a sweep of those lows as well.