Crypto Surfing 8/2/2018 ( market trends, technical charts, Winklevoss etf fail and why)

--Morning--

market is down... red everywhere! but the chards are behaving in a somewhat predictable way at least i saw BTC meet resistance where i thought it would and support where i thought it would riding along the 21 day MA line

my twitter post:
#btc holding at the key resistance level of abt. $7500. this was expected as it reached the top of the bollinger band to correct back to the 21 day moving av. Thoughts? heard any good news?

--ipad small business and crypto--

if you see a busniess with an ipad being used to check people out, i have noticed that the cashier has probably been asked if they accept crypto before. idk if it is the sales pitch of selling these systems that they will accept crypto but i know that the devices arent locked out of accepting such a thing due to the screen for QR codes ... something a traditional cash register can not do easily. go ahead, ask them.

--winklevoss etf fail--

apparently the SEC is supposed to protect retail investors(common folk) from getting burned on investing in things that aren't backed or just generally too manipulable. only a few people in the crypto space are noticing that perhaps the ETF failed because the winklevoss twins wanted to base the price of btc on the rate associated with their exchange, gemani. the SEC did not like that... and i am not sure i would want 1 exchange to govern the success of institutional money either . oh well... people will keep trying.

--data dash--

lately i have found the content on data dash pretty interesting. he has been talking about other things like gold, silver and uranium markets, as well as FANG stock area, Facebook, Amazon, Netflix and Google. today he said that he doesnt think BTC will go below the 6k area.

--thoughts moving forward--

i am really not all about just looking at btc.. in fact i have way more exposure in other projects, but i can't ignore that BTC is a huge momentum mover. personally i am into the proof of steak models like Ark, Neo, and hopefully soon, Ethereum. I thought we were out of the bear market... and maybe we are, thought i think i was spoiled on how well july went last year. about this time last year people were going insane with confusion about the bitcoin fork and how to handle it... ha, now forks are old news.

#bitcoin #ethereum #wallet #news #daily #blog #market #technical #analysis #news #future #money #rich #charts #twitter #steemit #coin #tempo #new #fang #google #amazon #facebook #cryptocurrency #enchange #winklevoss