Steem/SBD and AgX evolution - 2018-02-21
This is the daily AgX chart for today 2018-02-21.
Today's 200 day moving average is 0.93 with a a STEEM/SBD ratio of 0.81.
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 near the top sell Steem. When the blue line is at the bottom sell SBD.
We're down to just 1-2 more before this moves to @agx.
Original idea by @aggroed (Vote for witness)
Developed by @stoodkev (Vote for witness)
It seems that the trend could be changing. I had hoped to be able to cash out my SBD shortly and power up more Steem but it’s looking unlikely at present.
it's really great post
amazing information
thanks @aggroed
Nice, I've upvote please upvote and follback
thanks brother for the information
Your posts are amazing
Thanks alot for the info, i guess i will have to wait abit before trading. The market might change very soon
good information
Very interesting how this ratio fluctuates. What's best for authors do you think? Stronger SBD or stronger Steem?
Board the Steem Train.
Your post always informative, thanks brother
Thank you for the information I am glad for your notice, I am glad you can share it with us in steemit
That's would be a really nice way of expanding the cryptos.. Thumbs up @aggroed.. You really doing nice things