This chart is the #Bitcoin Index Daily ADX DI + and DI -

What are they ?

The ADX ( yellow ) shows us the strength of a Trend..

NOT THE DIRECTIOiN OF TREND. So, If a Trend is + or -, this line, when rising, shows increasing strength of Trend.

The Orange line in the positive Price direction index or the strength of the + price increase.

And similarly, the Red line is the Negative price index.

And so, what this chart shows us is the strengths of trends and price action.

and what I want to show you here is simply how we went from a positive Trend set, to a negative trend set and that we are still in that negative trend set for now.

On the left of the vertical dashed line, notice how the ADX (yellow) rose and fell with the Orange DI + but at the end of March, after the BTC ATH, the trend reversed...

See how now, the ADX rises and Falls with the Red DI - though this trend sequence appears to be getting weaker and weaker.

so, we wait for this to reverses again.