Steemit Crypto Academy | Season 3: Week 5 || Death cross & Golden cross, How to use Binance P2P trade by @zeeshanakram

Hello Steemians How are you I hope you will be fine. Alhamdulilah I am also with the grace of Allah Almighty. I am very thankful to Professor:@yousafharoonkhan for this wonderful lecture. So lets start our discussion about this lecture.

Define Death Cross and Golden Cross in your own words. And what is the significance of DC and GC in trade? And what effect do these two have on the market?

Ans:

Death Cross:
Death cross is one of the most common terms in technical analysis.First of all i will tell you about death cross death cross is actually the opposite of the golden cross. When a Death cross show on a particular cryptocurrency chart, it may indicate that the market is declining and traders are in control of the market, leading the market to a possible recession.
When the short-term moving average, like 50 simple moving averages, crosses the long-term moving average below the 200 moving average, the cross of death is formed on a special cryptographic chart. The 50-day moving average is very common because it reflects the average closing prices over the past 50 periods, which makes it more sensitive to recent price changes. The moving average of the 200 period is also very common because it shows the average closing prices of the last 200 periods in a straight line and is less sensitive to recent price changes. When death comes, traders or investors predict that asset prices are already falling in the market. Please see it.

Golden Cross
When the short-term moving average, like the 50 simple moving averages, exceeds the long-term moving average above the 200 moving average, the golden cross is essentially formed on a specific cryptographic chart. When the 50-day MA index (moving average) crosses the 200-day MA and rises above it, it is considered to be moving fast.
When the market is in a downtrend, the 50-day moving average falls below the 200-day moving average, and the Golden Cross occurs when the 50-day moving average crosses the 200-day moving average and a new will emerges. To take a long position season because it represents fast movement.
The Golden Cross is obtained when it progresses above the short-term moving average and exceeds the long-term moving average. Death cross, on the other side, occurs when the long-term moving average is less than the short-term moving average.

Significance of both Golden cross and Death Cross:

Golden Cross
The advantage of the Golden Cross method is that it allows you to enter with the best signal in the shortest period of time with the smallest possible stop loss and the opportunity to observe a continuous trend in the longest period of time. The Golden Cross refers to an upward movement that represents the purchase of large wheels of assets. This indicates an upward movement in the market because 50 MA exceeds 200 MA. It also reflects an interest in buying assets.
Death Cross
The death method of the cross shows a picture of price reduction. Now Here, the 50-day MA goes from the top to the 200-day MA. After achieving these conditions, be careful and maintain the market and maintain the selling position. Death Cross helps traders signal that there may be a lot of sales and that sellers are in control of the market. Death Cross can also help traders identify market trends, even if the market is down. It can also help cryptocurrency traders identify potential exit points.

How to see the Death cross and Golden cross on the chart:

First of all , we open the Google Chrome and search the https://www.tradingview.com/ . And click on first link:

After clicking on first link a new page will be open on the display , we select the option Chart. You can see this

Now the chart will be open on your Scree. See this

Now we will clilck on the indicators select to built and search ma.

We need the moving averages , so that click 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 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 described the Golden Cross indicates that 50 MA is more than 200 MA and represents a rapid movement in the market. As we can see in the chart below, asset prices are now rising.

I have also stated above about the cross of death that 50 MA exceeds 200 MA. This indicates a downward trend in the market. The downward trend in asset prices is now coming to an end.

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 )?

Ans

What is binance p2p and how to use it ?

This is very important and very best feature of Binance. This is very best thing of it is The Binance P2P platform connects buyers and sellers directly without third party intervention. The user can buy or sell digital currency for free. Bainance is a popular cryptocurrency exchange that people use. Binance P2P ensures that people are honest with their transaction by providing a record and ranking in each complete transaction. Using this feature in Binance, we can sell our currency code with our local currency. And you can get money in your bank or mobile wallet in seconds.

P2p features are vert easy to use:

1. Login the binance .
2. Click on the wallet's option.
3. Click on p2p trading
4. Click on the asset which we want to sell , buy or send.

Sell:

The binance user can sell his asset on this account easily.

Buy:

The use buy crpto assets from this platform.

Transfer:

If we want to transfer the crypto asset from the spot wallet to p2p wallet then we can easily transfer.

Send:

A user can send the asset from p2p wallet to the spot wallet or another binance accounts .

How transfer cryptocurrency to p2p wallet ?

we can transfer the cryptocurrency to p2p wallet by following these rules:

1. Open the binance app.
2. Then Click on the wallet's option.
3. On the overview page.
4. Click on transfer.
5. Now select the wallet to transfer , click on the p2p wallet .
6. Enter the amount and click on the option of transfer button .

After clicking on transfer:

How to sell cryptocurrency in local currency via p2p (any country or coin)(screen shot neccessary to verify account)?

Ans:

We can sell the cryptocurrency via p2p by following guidelines:

1. Open the binance app and select the navigate of wallet and then click on the p2p .
2. Click on the sell.
3. Now you will see different traders. We will choose one of them.
4. Put the amount which we want to sell and select the payment method like jazzcash , easypaisa or bank account.
5. Before the clicking on the sell, we should read his terms and conditions.
6. A timer is displayed on the screen that the buyer is expected to prepare before paying.
7. Then a chat box will be open on your screen.
8. Now the buyer will send you screenshort your payment. Then click on the confirm payment option .
9. A popup also displayed to re-confirm
10. Then a password will come on your mobile number put the password.
11. Now trade is complete.

What are the things to keep in mind during P2P trade and descrbe its four advantages and disadvantages.(own words)?

Ans:

We should keep in mind while trading that we should always avoid the third parties. User authentication is very important when working with a buyer or seller in P2P. The higher the level of verification, the lower the likelihood of fraud. Each exchange has its own authentication process and most exchanges have different levels of authentication, so it is very important to pay attention to the level of user authentication before trading in P2P.

Advantages	Disadvantages
It is free there is no transaction fee	There is always issue of fraud and bogus
Wide range of payment methods	If you transfer money on wrong address there is no chance to back
The biggest advantage of P2P is that you get paid very quickly	The deal can be short-lived and often slow
P2P connects buyers and sellers in the same country to exchange cryptocurrencies	Buyers or sellers waste time not completing transactions

Conclusion:

The death is basically formed in a special cryptocurrency chart when the short-term moving average falls below the 50 moving average and the long-term moving average crosses the 200 moving average. The lecture was really interesting and amazing . i have taught about the p2p trading which is really very important for me . Now i am able to trade my assets on the binance . Thank you so much professor @yousafharoonkhan for this educative lecture .