Steem/SBD and AgX evolution - 2018-02-19
This is the daily AgX chart for today 2018-02-19.
Today's 200 day moving average is 0.94 for a STEEM/SBD ratio of 0.82.
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 in the top third of the graph it's an historically good time to sell Steem and buy SBD. When the blue line is in the bottom third of the graph it's an historically good time to sell SBD and buy Steem.
AgX will continue to be printed on @aggroed for this week, but will be moving to it's own page @agx "soon."
Original idea by @aggroed (Vote for witness)
Developed by @stoodkev (Vote for witness)
Waao that's an amazing thing to know the right time for buying steem from our sbd because many of us waiting for the situation like we seen in December when we are getting 7-8 steem per SBD😅 but that thing is not going to happen again now,so it's good to know the best exchange rate by this AgX, you got my witness vote bro.keep it up.
Me too.
It looks like it’s turning. I want to convert my SBD and was waiting for this measure to fall. I’ll have to keep waiting I suppose!
This level are now right level, it's be carry on to future as steem/sbd
Good news 👌🏻would wait and see before i trade on my SBD i think the price would rise abit ..
Really a good news which is very informative.
Good job sir @aggroed
nice post i will done upvote
wow very excellent
Really a good news nice post i will done upvote
This post has received a 0.24 % upvote from @speedvoter thanks to: @cryptictruth.