The average directional index (ADX) is used to quantify trend strength. In many cases, it is the ultimate trend indicator. It's clear from the chart that the ADX has bottomed and there is no strength left in the trend. This shows that BTC has entered accumulation since Dec 2018 and there's very little chance of seeing new lows
Standard bullish divergence confirmed on ETHUSD 1D
Fib retracement playing out nicely so far. I expect BTC to make a final touchdown to $5400 region in the coming weeks before we can think about any significant moves up