BITCOIN TRENDS with Heiken Ashi candles & Trend indicator ADX

Why HEIKEN ASHI Candles ?
Heikin Ashi is a charting technique that can be used to predict future price movements. It is similar to traditional candlestick charts. However, unlike a regular candlestick chart, the Heikin Ashi chart tries to filter out some of the market noise by smoothing out strong price swings to better identify trend movements in the market. ( Source TradingView )

What is ADX ?
The ADX indicator measures trend strength without indicating direction. It is derived from the Positive Directional Movement (+DI) and Negative Directional Movement (-DI):
+DI (Positive Directional Index): Measures upward price movement.
-DI (Negative Directional Index): Measures downward price movement.
ADX Value: Higher values indicate stronger trends, regardless of direction.
( Source TradingView)

To summarise, Heiken Ashi candles filter out Noise and help identify Trend Direction
ADX shows you Trend Strength - NEVER the direction of Trend, using prince index.

OK, so now we ready. The main chart has 2 Vertical Bold lines that will be explained in a Bit but Note where they are on the Chart
The one on the left is near where the Rise in PA turns and becomes a Ranging PA- PA slowed right on that line.
The 2nd line is near the TOP and before the point where PA entered a descending channel that leads us to where we are currently
Note on the chart, the Orange dotted line. This is the BASIS line of the Bollinger bands. This is The Basis line and shows us the Average of PA and, as you can see, we are currently below Average. This shows a Negative Trend.
See how PA is above the basis line in a Positive Trend
Also note in the chart how the lines of candles are Smoother. Each New candle begins on the centre line of the previous and so it becomes a Lot easier to see if PA rises or drops from previous with out the Jagged Noise of traditional candles. - Taller candles show more Strength than previous;

So now to the ADX Chart
https://www.tradingview.com/x/7piC4lJY/

See those 2 Dashed Vertical lines and note how the ADX ( YELLOW ) changes direction at those points.
To remind you, the Left one was where BTC PA Slowed down from a Steep Rise, A BULLISH TREND, and turned to Ranging.
The Drop in the ADX at this point showed us that the previous trend was weakening. I remind you, it DOES NOT SHOW TREND DIRECTION even though, in this case, they follow each other.
PA Ranged horizontal on average till we met the Next line, where the previous Trend Strength had reached Neutral ( Note, this is around 20 on the ADX scale )
At the next dashed lime. ADX began rising. Trend strength was increasing.
Initially, we saw BTC PA rising to a New ATH and so, it was easy to assume that the Trend Was Bullish again. However, as we see now, it turns out it was a BEARISH trend.

So how do we know when this is going to end ?
The ORANGE line DI+ ( positive price action ) and the RED DI - ( Negative price action ) can help
These are Price Direction index. When DI + rises, this indicates a positive price action and Visa Versa for DI -
On its own, this is not easy But, for instance, notice how while we been in the descending channel, the DI+ dropped while the DI- has ranged along the 20 line on average.
This indicates a controlled Drop in PA and NOT a Full on Bearish capitulation. There is strength there in PA and this can be seen by the Slow rise of the ADX
On a shorter time scales, over the last 5 days we have seen PA rise in price.
this is reflected more in the DI- dropping ( Negative price action loosing strength ) more than in the DI + remainf horizontal.( NOT gaining Strength )
This could indicate that we are not finished Dropping yet - and yet, at the same time, we see the ADX weakening.
The Bears maybe getting Tired.

If we now return to the Chart
https://www.tradingview.com/x/cdPd8W2g/
This fatigue we maybe seeing in the Bears could be reflected in the simple fact that we are now Near a long term Rising line of Support ( bold line) and that we are nearer the lower line of the descending channel ( also support) - We are also very near the 2.272 fib extension that has proved to be support previously.
The upper bollinger band is around 90K, which happens to be near Top of current range.
So, we may see a push higher soon but we need to understand that the Longer term still Looks like we will continue in the Range Bound for a Few more weeks.

I hope this helps but be prepared for anything