Second Chart for the Agx Ratio
New iteration to add more insight to the AgX daily posts that are by the way performing quite well on @aggroed's blog.
So far, the main information to decide wether to buy or sell STEEM for SBD was given by the chart here-above, representing the evolution of the STEEM/SBD price over time and its 200 days moving average.
New Features
- Adding a new factor, the so called AgX factor ( I previously misnamed the 200 days MAD as the AgX, sorry about that). The AgX factor is the ratio of the average daily price on its 200 days MAD.
- Since the MAD is often close to 1, the STEEM/SBD are often quite close so for more visibility, the AgX factor is displayed in a new chart
The post text has been updated accordingly to explain to users how it works and give the daily AgX ratio:
You can use the chart below to provide some historic suggestions of what's been good previously. If the blue line is in the top third of the chart it's a good time to sell Steem. If it's in the bottom it's a good time to sell SBD. Past performance isn't a guarantee of current valuations or trends.
Next updates
- Visually showing the top and bottom 30% to give a better understanding of the right time to buy or sell
- Move it to its own @agx account
Hope you guys find it useful!
@stoodkev for @aggroed and AgX project
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What do you think and what recommendations do you give with the low value of SBD in the last 4 days?
What is this about?
The chart suggests that now is a good moment to buy STEEM since SBD is low and gaining momentum. However, you may want to keep an eye on the news since some witnesses want to peg the SBD back to the value of the dollar.
Thank you for your advice. I think that many would not like the SBD to reach a single dollar, but ... that's the numbers and the stock market.
Thanks again @stoodkev I will be attentive!!!
I am very disappointed with the price of sbd. But I think it is a great opportunity to buy steem. Do you think the price of sbd will be reduced further? @stoodkev
Don't be disappointed! SBD means Steem Dollar for a good reason, it is supposed to be always worth $1. SBD being worth more than $1 is not normal so you should be happy about it =)
You have the reasoning of this comment. .
But new steemians like us are very hard to earn daily $ 1. In this case we have to keep an eye on the price of sbd. . Thank You @stoodkev
this time i am frustrated because sbd price up and down from some days. its very bed news for all steemians.but I hope that it is very good advantage to buy steem.thank u very much for ur good thought.I respect your thought. @stoodkev
IS lit a bit hard
The great information. Thakn..
Wow....followed!