CryptoAcademy / Season-03 / Week-05/ Homework Post for the Professor @yousafharoonkhan .
AoA to all my steemian fellows . I hope you will all well by the grace of Allah Almighty . I am also fine . Its me @shahzadprincejee and this is my homework post for the respected professor @yousafharoonkhan . I am proud to @yousafharoonkhan because he is the best professor of our country on the steemit platform . I am glad to participate in this homework task . This lecture is really very important those people who has no idea about any exchange . In this lecture , we will learn the Golden cross and death cross especially the important thing is the p2p trading which is really very important for me . I also wanted to teach about the p2p trading .
Now we will get started our homework !
Define the Death cross and Golden cross in your own words . And what is the significance of GC and DC in trade. And what effect do these two have on the market . ( In your own words ).
Golden Cross (GC)
If the short term moves upward from the long term , so it is called the Golden cross . It detects the indication for the strong bull . When the short term moving averages 50 MA is crossing above the long term 200 day MA . It is an exponential moving average indicator technical analysis which is really very helpful for the traders . When the Golden cross happen then the traders guess that now the prices of assets will go uptrend in the market . As you can see in the below chart .
The signicance of the Golden cross ( GC )
The golden cross indicates the major bullish movement that shows a huge buy off by whales of assets . It shows the bullish movement in the market because 50 MA crosses above the 200 MA . It also indicates a buying interest of asset increases .
Death Cross ( DC )
Actually the death cross is against to the Golden cross because when the long term moves upward from the short term , so it is called the Death cross . When the short term moving average 50 MA is crossing the below the short term moving average 200 MA . When the Death cross happens then the trader or investors guess that now the prices of assets will go downtrend in the market . As you can see in the below chart .
The significance of the Death cross (DC)
The Death cross indicates the major bearish movements in the market that shows a huge sell off by the whales of assets . As i can tell you that it shows the bullish movements in the market because 50 MA crosses below the 200 MA .
How to see the Death cross and Golden cross on the chart .
First of all , we open the browser and search the tradingview as we can see in the above screenshot .
when the new page will be open on the display , we select the option Chart. As we can see in the below screenshot .
Now the chart will be open on the display , as we can see in below image .
Now we should clilck on the indicators select to built and search ma .
Because we need the moving averages , so that i have clicked the two time on the moving averages option .And now in order to 50 and 200 moving averages long run .
click on the setting of the second moving averages and set 200 days .
Now we can see on the both moving averages according to 50 MA and 200 days MA .
Explain the death cross and golden cross on the chart ( screenshot necessary )
As i have explained the Golden cross that shows the 50 MA is crossing above the 200 MA and indicate the bullish movements in the market . As we can see in the below chart , now the rise in prices of asset will gone uptrend .
I also have clearly explained above about the Death cross that 50 MA is crossing below 200 MA . It indicates the bearish movements in the market . Now the fall in the prices of asset and will gone the downtrend .
What is Binance p2p and how to use it ? How to transfer cryptocurrency p2p wallet ? How to sell cryptocurrency into local currency via p2p ( any country or coin )( screenshot necessary to verify account )
What is binance p2p and how to use it ?
Binance is a peer to peer system of transaction with binance users without any third party involvements . Even the binance company can't get the involevement in this system. Binance p2p is the best feature of binance where we can exchange the crypto in our local currency without fees . We can receive in our bank account or our mobile accounts such as jazzcash and easypaisa etc. Binance provide us freedom to trade our crypto asset without any third party's involvements .
Binance is freedom platform , where we can sell, buy and transfer our asset easily within few minutes .
P2p features are really very quite easy to use :
- Login the binance .
- click on the wallet's option .
3 . click on p2p trading .
4 . click on the asset which we want to sell , buy or send .
It shows that the binance user can sell his asset on this platform easily .
It shows that the user has ability to buy crpto assets from this platform.
If we need to transfer the crypto asset from the spot wallet to p2p wallet then we can .
Binance provide the ability to their user for send the asset from p2p wallet to the spot wallet or another binance accounts .
How transfer cryptocurrency to p2p wallet ?
From the following steps , we can transfer the cryptocurrency to p2p wallet :
- open the binance application .
- click on the wallet's option .
- am i sure that i am on the overview page .
- click on transfer.
- Now select the wallet which we wish to transfer , click on the p2p wallet .
- input the amount and click on the option of transfer button .
How to sell cryptocurrency in local currency via p2p (any country or coin)(screen shot neccessary to verify account)
We can sell the cryptocurrency via p2p by choosing the following steps :
- First of all, open the binance application and select the navigate of wallet and then click on the p2p .
- click on the sell to sell the BTC .
- Now we will meet to the different merchants with different ranges of prices and conditions . Now we choose the one who will the best and who suit to us .
- Input the amount of BTC which we want to sell and now we have to select the payment method . I use the jazzcash payment method .
- Before the clicking on the sell, we should read his terms and conditions and cross the check if he is the alright with us then we should sell .
- A timer will be displayed on the display in which the buyer is expected to prepare the payment before it release .
- A chat box is also will be open where we can communicate to the buyer easily .
- The buyer will send to us the screenshot of payment . Before releasing the asset we should confirm the different modes of payment methods ours . Then click on the confirm payment option .
- A popup also displayed to re-confirm .
- Now we will be required the one time password from our mobile number .
- As soon as we put , the trade is complete .
Please see the all screenshots according to the procedure :
What are the things to keep in mind during P2P trade and descrbe its four advantages and disadvantages.(own words)
Following things keep in mind during p2p trading:
Avoid the third parties .
First of all read the all terms and conditions before the process .
Carefully , because many of scammers available here .
Before releasing asset confirm money from the our different payment methods .
|No trading fees||The refund process is really very difficult to start|
|we can withdraw our funds when we can||Possible is that we can send our asset to a wrong channel|
|we can trade in our local currency||Most of fraudulent activities are available here|
The lecture was really interesting and amazing . The death cross and golden cross topic is really very important for the online traders . I have learnt a lot of things from this lecture . Especially , i have taught about the p2p trading which is really very important for me . I always paid comission when i sold my steems , now i am able to trade my assets on the binance . Thank you so much professor @yousafharoonkhan for this educative lecture .
Thank You !
Best Regards !