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TSI

Bitcoin Price and DominanceHello traders. Sharing a Bitcoin analysis along with its dominance in the right panel. 🗓 Today (on 04/18) the price retraced to the exponential average of 21, in the 61.8% Fibonacci retracement. 💹 Continuing this bullish move, the next target by the Fibonacci projection would be at $ 31,387.00 Should there be a further correction, a possible entry point would be below the last low at $ up to $ 28,917.00, only after a confirmation of a bear trap. 🔎 Looking at the Bitcoin dominance chart on the right, we can see that the index is in an important region, testing the 200-period exponential moving average. That said, we can outline the following scenarios: 🚀 🔴 If the crypto market continues to rise, but BTC dominance drops and does not break through this resistance, it means that Bitcoin will be performing worse against altcoins; 🚀 🔵 If the crypto market continues to rise, and BTC dominance rises, breaking this average, it means that Bitcoin price will perform better than altcoins; 🐻 🔵 If the crypto market undergoes a correction, and BTC dominance rises, it means that altcoins will be falling more than Bitcoin; 🐻 🔴 If the crypto market undergoes a correction, and the dominance of BTC falls, it means that Bitcoin will be falling more than altcoins. I hope this helps.
Long
by andre_007
4
True Strength Index: Mastering Trend StrengthThe True Strength Index (TSI) is a powerful momentum oscillator that enables traders to identify potential trade opportunities by measuring the strength of a trend. This unique indicator is based on double-smoothed price changes, providing a more accurate representation of momentum in its truest form . In this blog post, we will delve into the world of TSI, exploring its uses, applications in trading strategies, and how it can be combined with other indicators to enhance its signals. What is the TSI Indicator? The TSI is a technical analysis tool that captures the ebbs and flows of price action by smoothing price changes, filtering out the noise, and producing a steadier line. The calculation of TSI consists of three key components: the double-smoothed price change, the double-smoothed absolute price change, and the TSI formula itself. As a momentum oscillator, TSI generates trade signals based on overbought/oversold levels, crossovers, and divergences. The TSI itself consists of three parts: the TSI line, the signal line, and a zero line. How is the TSI Indicator Used? Professional traders use the TSI indicator to gauge the strength of a trend, assisting with trade management and providing early indications of a trend continuation or reversal. The TSI oscillates between 100 and -100, with bullish and bearish trends indicated by crossings above or below the zero line, respectively. This versatile indicator can be used to hold onto winning trades, anticipate impending trend changes, and identify trend shifts through divergences. Examples of TSI in Trading Strategies TSI and Moving Averages: A widely-used approach integrates the True Strength Index (TSI) with moving averages, such as the 50-day moving average, to substantiate the potency of a trend. For example, assume the TSI value surpasses the zero line, while concurrently, the stock price is higher than its 50-day moving average. In this case, it may suggest the onset of a promising bullish trend. On the other hand, if the TSI dips below the zero line at the same time the stock price falls below its 50-day moving average, this could signify the emergence of a bearish trend. TSI Divergence: Divergence occurs when the price and the TSI indicator move in opposite directions. For example, if the price makes a higher high, but the TSI forms a lower high, it could signal a bearish divergence, indicating a potential trend reversal. Similarly, a bullish divergence occurs when the price makes a lower low, but the TSI forms a higher low, suggesting a possible trend change. TSI and RSI: Combining the TSI with the Relative Strength Index (RSI) can help traders identify overbought or oversold conditions in the market. When both the TSI and RSI reach extreme levels, it may signal a potential reversal. For example, if the TSI is above 70 and the RSI is above 30, it could indicate overbought conditions and a potential bearish reversal may be imminent. Divergences can also be confirmed by comparing the divergences on the TSI to the divergences on the RSI. Conclusion: The True Strength Index (TSI) is an invaluable tool for traders looking to gauge the strength of a trend and identify potential trade opportunities. By understanding its uses and incorporating it into trading strategies alongside other indicators, traders can enhance their decision-making process and improve their overall trading performance. If you like our educational content don't forget to give us a boost and a follow!
Education
by LeafAlgo
🔥Ethereum New Bullish Leg 10x Potential🔥OKX:ETHUSDT.P OKX:ETHUSDT I've liked Ethereum- for a long time, including in bull markets it tends to be my biggest position due to its higher valuation than BTC...Not in face value, but in Growth Potential In this idea I want to bring to the community the strength of a Bullish crossing in the TSI (TRUE STRENGTH INDEX) I believe in a new BullMarket for cryptocurrencies where OKX:BTCUSDT should multiply up to 8x but when I look at OKX:ETHUSDT I see potential greater than 10x! So it's possible that once again OKX:ETHUSDT becomes my biggest position! Currently OKX:BTCUSDT is graphically stronger than OKX:ETHUSDT , but we know that the explosive potential of Alts is scary! So, in conclusion, these are, in my reading, the best points to buy OKX:ETHUSDT The first point is if the price makes a deep dive to 1000 The second point is based on a shallow correction and is between 1720-1480 Good luck buying the dips or even better luck earning ETH from OKX! 🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss operational tactics. Good trades to all, and see you next time!
Long
by leandrosander_
4
💲BITCOIN💲 And its power of multiplication in a bull market!Hi guys, today I'm going to bring here some of my BITCOIN reading from a long-term perspective! To be clearer with friends, we will only use an indicator called TSI = (True Strength Index) And the Price of the asset illustrated by a bar chart. See that whenever the price manages to have enough strength to make the TSI cross upwards, we have the beginning of a bull market. It is clear that we have a lot of bad news in the market, and a lot of fear as well, but I must remember that good news reflects an already high price. This bullish crossover is clear as daylight here and serves as a wake-up call for bears. The more you deny a possible Bull Market, the further behind you will be! In previous studies we also commented on how the Fibonacci time cycle, when plotted between each BTC miners reward break, indicated a buy window from the 0.618 point, these points were successful in the last bull cycles. Knowing this, we have strong indications that the price may have marked a relevant bottom to start the next bull run 🚀. So look at the power of multiplication that BTC has even without leverage, it's something amazing! BTC in these last crossings would manage to multiply its capital by more than 230x to the peak of 2013, by more than 65x by the peak of 2017, and by more than 14x by the peak of 2021. The question that remains is how many times do you think BTC will multiply now? Leave your opinion here in the comments! Thank you for reading and I hope I have contributed, good trades! Att: Leandro Sander. 🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
BNC:BLXLong
by leandrosander_
The Bullish Month of April [ ETH ]Crypto Traders, Appreciate you taking the time to view my TA, which hopefully provides an alternative perspective. Please be sure to “LIKE” if you indeed find my analysis useful and/or want to share your opinion. Analysis: @ $3044 to $3000 Need support validation, which we have multi bullish confluence if support holds w/in region. If support is validated, would need to see closure above $3360, in which TP would be around $3940. If the opposite holds true and support is not conf. , next support level that would need to be validated would be around $2875 to $2780 Entering bearish control on Money Flow Index, in conjunction w/ TSI crossover to the downside due to over-hanging resistance. Also, TSI is falling below 25, which can be seen as a sell signal. Cheers & Happy Trading!
by AB_Trading-Intelligence
GBPUSD potential bearish scenario?What we can see above is GBPUSD on the Daily, and just want to give an overall outlook on the pair. The 21st of Dec which is the winter solstice date indicated by the red vertical line shows how the market turned around and moved to the upside. We can see we have been trading in a downtrending channel, and we are near a key line which was once a strong support and could be a pivot point as a resistance now. The fib from the last impulse down also puts us in our deep retracement optimal zone. The larger 200 MA and 320 EMA can be seen that i do use sometimes to simply see if we are in a bullish or bearish environment, in this case we have switched below them and retesting them atm. The TSI indicator shows an overbought market, which also looks like it is about to cross over for sells.
Short
by opes_trading_group
3
TSI From Scratch Hello traders! Oscillators are the most popular instruments of TA. Thus, I wanna extend the pool of your oscillators. So, ladies and gentlemen , today we’ll speak about True Strength Index. The true strength index (TSI) is a technical momentum oscillator used to identify trends and reversals. The indicator may be useful for determining overbought and oversold conditions, indicating potential trend direction changes via centerline or signal line crossovers, and warning of trend weakness through divergence. The TSI fluctuates between positive and negative territory. Positive territory means the bulls are more in control of the asset. Negative territory means the bears are more in control. Possible signals of TSI -Signal line crossovers. When the TSI LINE (blue) crosses the signal line above it’s bullish signal, when below - bearish. -Zero line crossover. When the TSI LINE (blue) crosses the zero line above it’s bullish signal, when below - bearish. -Divergencies. One of the most common signals of any oscillator. Well, I hope it’s really useful for you and you find it informative. Have a nice weekend traders
Education
by Skyrexio
Update to #GBPJPY - MACD Continuation - Explaining my approach.Hey Traders, Here is a prime example of why I have some tools to help me OPEN positions, and others to help me CLOSE them. As we can see our continuation trade in GBPJPY has gone very well, smashing through target 1. (Check my other ideas for the original trade). We are approaching T2. Now for me, T2 is not a rigid target like T1 is, if I believe momentum is in my favor I will have NO T2 and simply trail a stop behind the low of each daily candle until I am stopped, my goal is to capture as MUCH of the trend as possible, so I don't mind giving back some profit. However, in this situation I want to take profit at T2 and then be out. As we can see here by the white line, we are approaching a point that has served as support and resistance many many times. We want to be weary of this level. Let's say I didn't have a level of clear resistance or high volume, how do I know when to get out? Well, I use an exit indicator, specifically the TSI. I believe people traditionally use TSI to go long and short on 0 line crosses. I haven't found that to be very effective. But take a look at the red lines on the TSI which indicate +/-50, notice that a cross while over/under 50 seems like an excellent place to EXIT a trade you were already in. And I use it for just that. I do NOT fade the market or reverse my position after a cross here though. The reason being is that the market still has momentum upward until sellers come in and prove otherwise. Traders who constantly attempt to call reversals and fade the market typically get REKT, trust me, I've tried it. A very fruitful career can be made solely on continuation trading, I suggest finding a method for getting in, create strict trade management rules that do not change, and find an exit indicator to get you out. Try to build your own human algorithm. Best of luck traders.
by CT-Jaguar
Signals from Crypto-Sticks TSI - Long signal on QSPAnother entry for you all in the public library Crypto-Sticks series. More STILL to come! What I particularly love is these indicators give you an added 3rd dimension to viewing them otherwise. You can see how much fluctuation occurred, get better divergence signals, find higher/lower extremes, and use in combination for secondary confirmation! Here's an example of how to use the Crypto-Sticks TSI for trading signals. I also plotted this range's signals the indicator would've generated. TSI allows you to ride a trend longer than RSI, but its also slightly lagging. Please remember that you will potentially have to adjust the TSI overbought and oversold levels to suit the volatility of the instrument you are working with. In the future I will implement a feature that does this automatically, but for now its manual. The OB/OS zones are given in two levels, because often you can find a line of best fit that will hit "small movements" and one that will hit "big movements." Heiken Ashi (default setting) candles adds some more clear trend changing points which can be executed at the second candle going in either direction. Other coins/charts will require their own strategy - you could potentially have to tweak that parameter. In this example you would enter on 2nd green, exit on 2nd red. Example on HA: Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. Please note on this indicator i believe it provides no additional value, but I left it in as YMMV. An example of VW+HA: Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
QLong
by theheirophant
Trading the DMI with ADX, TSI and EMA (WHEATUSD) PullbacksSo far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to change that. In one of the links that I shared in my first article is a PDF that has some really good stuff on using the PDF to trade breakouts. In it, there is a section on how to trade pullbacks within a trend using a 20 period EMA. In my charts, I use a combination of the 13 and 26 period EMA to sort of do the same thing (I use a range between the two vs. just one EMA). Full credit for the strategy is given in the PDF and the basics of it are outlined as follows: 1. The ADX must me moving up and above 20 2. Look for a price retracement to the 20 period EMA. It goes on to note that “usually the price retracement will be accompanied by a turndown in the ADX” 3. When price touches the 20 period EMA (in my case, when it enters the range or touches the 26 period EMA), “put a BUY STOP above the high of the previous bar” 4. Once filled, enter a protective stop at the newly formed swing low 5. If stopped out, re-enter the trade by placing a new BUY STOP at the original entry price 6. After a successful trade, the ADX must once again turn up above 20 before another retrace The PDF walks through this strategy as outlined above along with providing some examples. However, the examples are based on the same time frame as the original entry. I’d like to explore and propose that in a strong trend at the daily level, the 4 hour chart will provide a short term strategy. By applying the same concept to the 4 hour chart as outlined above then you may be able to find points that either provide opportunities to enter into an existing trend, or add to positions you may already have within the trend. As the 4 hour chart begins to show weakness and a breakdown below the 26 EMA, it’s possible this is an indication that the daily chart will now cycle through the same steps as noted above which would provide an opportunity take profit on existing positions while waiting for the next setup to enter with the trend on the daily chart. I’ve hi-lited areas on the 4 hour chart for WHEATUSD that fit into this strategy with the current up trend on the daily chart that started recently. Note, that the last area in yellow appears to be breaking down below the 26 EMA signaling that the daily chart may begin to cycle through it's own pullback.
OANDA:WHEATUSD
by mxb1961
5