Steem/SBD and AgX evolution - 2018-02-23
This is the daily AgX chart for today 2018-02-23.
Today's 200 day moving average is 0.92 for a STEEM/SBD ratio of 0.89.
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.
Historically a good time to sell steem for SBD is when the blue line is at the top of the chart, and it's a good time to sell SBD for Steem when the blue line is at the bottom of the chart.
I originaly intended to take this off my wall today, but I'm not planning on moving it Saturday or Sunday to @agx.
Original idea by @aggroed (Vote for witness)
Developed by @stoodkev (Vote for witness)
Wow, this is something new and interesting to know, because i have heard AGX for first time, if you don't mind can you please highlight, how this rate actually effect original prices. Thanks for sharing. 🙂
Stay Blessed.
AgX is a good tool..
Nice one
dear aggroed your good post... i like your all post... I look forward to every one of your #post..thank you so very much for #sharing..
Thanks for this.. still praying that sbd rise up again🙏🙏 I’m following you and upvoted this post. Please if you have time go check my blog... regards from Venezuela
Good blog keep it up @aggroed
Thanks @aggroed for the regular upadate, still waiting for when SBD would rise to its previous glory. I think that would bring a relief to the market
Thank you for the information bang @aggroed
It's the first time I hear about this indicator, the graph is interesting. I'm new in the crypto world and this information is useful. Have a great weekend!
Great news, nice post, thanks for sharing
Thank You @aggroed and @stoodkev for your discussion !!