INDEX: VALUE LINE GEOMETRICThe Value Line Composite Index is a stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric Composite Index (the original equally weighted index) and the Value Line Arithmetic Composite Index (an index which mirrors changes if a portfolio held equal amounts of stock.) These indexes are typically published in the Value Line Investment Survey, created by Arnold Bernhard, the founder, and CEO of Value Line Inc.
The Value Line Geometric Composite Index is the original index released, and launched on June 30, 1961. It is an equally weighted index using a geometric average. Because it is based on a geometric average the daily change is closest to the median stock price change. The daily price change of the Value Line Geometric Composite Index is found by multiplying the ratio of each stock's closing price to its previous closing price, and raising that result to the reciprocal of the total number of stocks.
As market participants, we should be taking a scientific approach when putting money to work, always assuming our positions are wrong and need to prove themselves. As part of that process, one piece of evidence we want to look at on a consistent basis is the health of the overall market. One such way to gauge market health is studying market breadth. In other words, how many stocks are actually participating in any directional move. That's why we're writing today about an index you might not be aware of but should be familiar with.
M timeframe BULL
W timeframe BULL
D timeframe BULL
2018 NEW ATH
MACD M bullish momentum BULL
2009-2019 UPTREND TREND LINE ACTS AS SUPPORT
VERTICAL GREEN LINES show previous moments in history where M MACD have advanced to the upside into positive territory and have gained bullish momentum BULL
SUPPORT/RESISTANCE 1998,2007 resistance acts as support BULL
FIBONACCI LEVELS act as support BULL
IR CUTS -> RISK ON ASSETS APPRECIATION
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EOSBTC Rally to Make The New ATH!Hi, It's me Again!
As BTC is still struggling with the bear, i will more likely to update about alt that outplayed btc.
EOS/BTC is one of them.
EOS/BTC just break the bull flag that show us that the rally to make new ATH will continue.
The MACD is signaling that the correction is nearly end.
The first resistance seen in the middle bollinger as .618 fibb level.
A break above this middle bollinger will strengthen the bull.
I am not making a target to this coin/token, the move from its launching looks very good that we will not know how high this run will end.
Help me to get the pro version :D! Thanks!
BTC: 1NprKbTvkyLKzpSg556eRj6XubiJEhw95r
ETH: 0xbda06337bf410110c1ccddea8f6111a6c2f4f8f6
$ETH #Ethereum GETTING READY FOR NEW ATH!!!Hello Lads and Ladies,
Today looking into ETH we see some quite nice possibilities. Right now forming a cup, ETH might repeat itself for the third time and make HUGE pump, even with a possibility to a new ATH in BTC value. Everytime ETH makes this formation, it get very bullish and pumps at its peak with 100%. At this moment we have to see if ETH will test and stay at 0.09BTC value, which would be the 38.2%. In this case we will see the displayed pump, start right there. The targets would be the 61.8% fibs (which was the closing pump candle from the previous pump), the 78.6% fibs (which was the very peak of the last pump) and then the 100% fibs (which is still the ATH). From there it might push even more and touch the 127.2% fibs line and allocate its new ATH there.
I chose for this chart the reverse fibs retracement because it has been respected quite exactly in the last period of time. Furthermore, the 100% pump would be right around 127.2% fibs line.
I know this would be a very nice scenario and we would come a step closer to the lambo. ANYHOW, there is quite a chance that as soon the cup is formed and the 38.2% fibs line hit, ETH will stay in a channel and retrace back to the 0% fibs or even further down to 0.05BTC value (which would be the 127.2% fibs line, if this would not be reverse) looking at it this way, if BTC is at 20k $ that would still be 1000$ for ETH. Even though, there are many rumors for ETH hitting 5k $ this year, where the next pump would be a nice beginning.
Short term, watch for the 38.2% fibs line ( 0.0900 BTC value) and see if it starts pumping or retraces down to the 23.6% fibs where it would be the next crucial point.
Long term, if it enters the channel, trade the channel. If it pumps, you have the targets.
If you are already in, you can gamble 20%-40% that it will retrace back to 23.6% fibs at least for a short period.
Cheers, Tomas
Bitcoin, the optimistic vision !The most optimistic vision that i can see for Bitcoin right now is represented in this chart :
We have the inversed head and shoulders completed guiding us to 17K area and then a small correction to 14.5K-15K to fill up the rocket to break ATH and ride up to 28K-30K (Psychological resistance ) level. After that we can expect a hard correction back to the uptrend line.