Bitcoin, EOS, BNB, BAT, LTC, ETH and XRP Analysis: Waiting for Resolution

Bitcoin continues to consolidate within what looks like larger wedge. Price is testing the upper resistance of that wedge, threatening a breakout.

Many altcoins are starting to move. In today’s video I analyze Bitcoin, EOS, BNB, LTC, BAT, ETH and XRP. I discuss where prices may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing

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Bitcoin, EOS, BNB, BAT, ETH, LTC and XRP Analysis: Preparing to Move?

Bitcoin has held above $7,500 for 3 days now. We’re starting to see price get squeezed with lower highs and higher lows. It looks like we may see a larger move in the next 3-6 days. The weekly chart looks extremely extended. A decisive break below $7,500, could usher in a the larger correction many are waiting for.

Zooming in on the 4 hour chart, things are a little less clear. I can certainly make an argument for a short term break above the prior swing high. In addition to a tightening range (which could break either way), we’re starting to

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Bitcoin, EOS, BNB, BAT, ETH, LTC and XRP Analysis: Quick Update

The bulls have stepped up, pushing bitcoin from $6,600 to $8,150 over the last 48 hours. Currently it’s trading around $8,000.

In today’s video I analyze Bitcoin, EOS, BNB, BAT, ETH, LTC and XRP. I discuss where prices may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found

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EOS Owner Key and Active Key – Why The Disparity When Both Perform Similar Functions?

The EOS software infrastructure and its related parameters and functionalities are complex and even more complicated for a new user.

It took me ages before I could finally take the leap to adopt the blockchain.

As much as I understand the purpose why a user needs to purchase a wallet account before accessing the core functions and uses of the system – as a preventive measure to curb spamming activities.

I found myself earlier failing to get one at every attempt I made to at least try out a single one.

Concepts like CPU, NET and RAM were already getting me confused to begin with, then I discovered I had to buy and stake some of these resources (I was finally chased away).

I asked myself; why do I need to venture into all this when I can just send and receive coins right in my Ethereum address.  

Gradually, I find the whole EOS concepts as unfriendly and convinced myself the blockchain would be difficult to be adopted by any new user.

Maybe am right on this to a degree, maybe am not, I am still yet to justify that, but in the past 6 six months after finally getting a EOS username account through a free means, I found myself loving so much a system I criticized in the past.

Regarding my low adoption assumption – EOS is now the #1 blockchain in terms of daily activities and usage as reported by blocktivity.info  and is a very close competitor to STEEM when we talk of the adoption rate.

Despite this truce and loving and favoritism, EOS still pronounce itself as a complicated structure to deal with by its extensive features. 

One feature I would like to discuss in this post which is not so unique to EOS alone but is also seen with other DPoS blockchains or in short ‘Dan Larimer’s masterminded blockchains‘ is the disparity between Active Key and Owner Key.

Their Comparison

Image Source

In a simple description, both keys can be regarded as the private keys of a wallet.

That is, they can both send, sign, authenticate and permit transactions.

Both perform higher functions of a wallet like voting for BP and permit permissions.

Initially, when the EOSIO blockchain set off specifically during the genesis snapshot both keys were merged as a single unit carrying equal weight and functions. Every account created at that period were provided with a single private key which can be regarded now as the owner key as it was needed to later create other keys.

Further, as development continued, account creation provides users with a separate owner and active keys.

How They Are Differentiated

One major striking difference between these two keys is that; the owner key represents the ownership of an account. It is the most important and powerful key. The owner key can overwrite itself and all other keys. Whereas, the active key is permission-granted-key which can perform all higher functions of an account except that it can be changed, destroy and overwrite. It is not a claim of ownership to an account.

In real-life assumptions, the owner key can be compared to a master key of an entire house which is able to open all rooms. In the other light, the active key can be regarded as room(s) specific key.

In another comparison – the owner key can be likened to the president of a society or the highest authority of a constituency while the active key can be represented as the vice of a president or a representative of an important figure.

Some Of The Supremacy Of The Owner Key In Action

Image Source

Later after the Genesis account batches. Users were advice to enable their active key permission for good security reasons.

Which can be carried out by importing the owner key to a wallet that supports this procedure and then enabling the active key permission.

The greymass desktop wallet does this perfectly. This post  by @stellabelle of pixEOS  explain how to do this on a desktop with greymass.

This simple GIF illustrated how I carry out this process on mobile using TokenPocket.

Note – TP = TokenPocket, P = Private. The last part was trying to show how permission to change all key was restricted using Active Key only

You just spare two minutes to save yourself from potential future worries.

Having two powerful keys with different level of authority to your wallet gives you an extra layer of protection which you should put into practical use.

Therefore, it is advisable to up your game and keeps these two keys with different security approach.

Best Security Approach To The Two Keys.

Without making this post longer than it is.

The owner key is advised to be kept in a cold storage like a hardware wallet, paper wallet and other cold storage means.

The active key can simply be kept in a password protected text file on a desktop or mobile device for convenience and easy access. But it should be noted that sending and signing transactions can be conducted with the active key, which implies keeping the key protected as much as possible.

Which security approach do you adopt to keep both your owner and active key safe? I would like to know in the comment box below.

Featured image source.

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Bitcoin, EOS, BNB, BAT, ETH and XRP Analysis: Quick Update

In my prior analysis, I discussed an area of potential resistance around $8,450. It seems that’s precisely where bitcoin has topped for the moment.

In today’s video I analyze Bitcoin, EOS, BNB, BAT, ETH and Ripple (XRP). I discuss where prices may be heading next, key areas to watch, buy zones and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe

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Bitcoin, EOS, BNB, BAT, ETH and XRP Analysis: Quick Update

Yesterday I told you to expect a break up to test $6,000. Today we saw price break up, finding resistance just shy of $6K at $5,974.

Shorts remain stubbornly stacked while longs are flat.

In today’s video I analyze Bitcoin, EOS, BNB, BAT, ETH and XRP. I discuss where prices may be heading next, my buy zones, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment

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Bitcoin, EOS, BNB, BAT, ETH and XRP Analysis: Quick Update

Bitcoin bounced nicely off the $5,000 support and is now testing $5,350 resistance. A decisive break above, turning $5,350 into support, would indicate a likely visit to at least $5,600. Daily volume remains steady above $13 billion.

Price consolidated just above the 21day EMA for 6 days without a decisive break below. This is a sign of strength.

Shorts remain stacked and longs are flat. Should a short squeeze occur, I can see price easily hitting $5,800. That said, the bears seem dug in. Bulls would likely have to push price north of $5,600 to start liquidating shorts.

In today’s video I analyze

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Is the Pullback Over? Buy. $EOS

EOS has been one of the top 5 strongest (large) cryptocurrencies leading the bull rally off the lows in 2019. Being up big, it was obvious that a pullback and a refresher was going to happen. Now we are meausring and mapping the damage and where we might “stop going down” to continue the positive rally.

EOS has pulled back into the 4.50 range and is holding. If EOS were to hold here and continue rising this would be huge for the chart and price. EOS is now currently trading at 4.90 and rising. A move through 5.00 will set

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Bitcoin, EOS, ETH, BAT, BNB and XRP Analysis

Bitcoin is currently finding support on top of prior resistance.

Many altcoins have pulled back, making traders uneasy. I discussed the bigger picture in my prior update titled, “Bitcoin Breaks Out + Golden Cross = Be Careful”. If you missed it, I encourage you to go back and listen to better grasp what’s happening in the market.

In today’s video I analyze Bitcoin, EOS, BAT, BNB, ETH and XRP. I discuss where prices may be heading next, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or

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Bitcoin and EOS Analysis: Quick Update

Bitcoin continues to trade within a tightening range. Volume is steady.

EOS is consolidating right below major resistance. Price is being squeezed with a series of lower highs and higher lows.

In today’s analysis I discuss where prices may be heading next, traps to avoid, how I’m trading and much more. I hope you find it helpful. Please forgive my voice…I’m still fighting a terrible cold that’s kicking my ass.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment

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