Steem/SBD and AgX evolution - 2018-02-16
This is the daily AgX chart for today 2018-02-16.
Today's 200 Day moving average is 0.94 for a STEEM/SBD ratio of 0.8.
What is AgX?
The Mayer's multiple (200 days moving average of the BTC/USD price) is known to be a good indicator of the BTC price evolution.
AgX aims to be a similar indicator regarding the STEEM/SBD ratio, in order for users to find the right moment to exchange their SBD for STEEM at the best possible rate.
When the blue line is at the top of the graph that's a historically good time to sell steem and buy sbd. When it's at the bottom of the graph that's a good time to sell sbd and buy steem. When the blue line is near the red line or in the middle of the graph it's hard to know what to do.
I'm going to move this off my wall in a week or so and put it on @agx.
Original idea by @aggroed (Vote for witness)
Developed by @stoodkev (Vote for witness)
But nowadays btc ans sbd occur as related things
So it’s not a good time to exchange SBD for Steem, although the line seems to be dropping so we may be heading that way!
very informative,I'm looking forward to our next post
amazing post my steemit frinend@aggroed shearing thank you
Thanks for the information, it has increased immensely my knowledge of steem
So sbd surged because bitcoin was going up?
thanks for the information sir..☺
@aggroed thank you for this post and your one upvote can change my life please give me support.
what is the link for AgX?
So according to AgX it’s good to exchange sbd for steem right now?
I have been exchanging them everytime the sbd is higher than steem. But I think eventually this will no longer be possible.
Ps:how did you use 6 tags?