Death Cross and Golden Cross on a Chart and About P2P Feature on Centralized Crypto Exchange

Death cross

The death cross appeared on the ENJ/USDT chart. I made use of the 50 period and 200 period moving average to be able to spot the death cross on the chart. On the ENJ/USDT chart, the there was a fast drop in the price of ENJ at the top of the uptrend. This was the lead-up phase. The next phase was the death cross appearing which was a strong signal that there could be a reversal to the downtrend. The next phase was the bearish momentum continuation which was a confirmation that the market was entering a downtrend. It can be confirmed by the lower-highs and lower-lows.

Golden cross

The golden cross also appeared on the ENJ/USDT chart. I also made use of the 50 period and 200 period moving average to be able to spot the golden cross on the chart. On the ENJ/USDT chart, there was a fast rise in the price of ENJ after a period of ranging at the bottom of the downtrend. This was the lead-up phase to the appearance of the golden cross. The next phase was the golden cross appearing which was a strong signal that there could be a reversal to the uptrend. The next phase was the bullish momentum continuation which was a confirmation that the market was entering an uptrend. It can be confirmed by the higher-highs and higher-lows.

About P2P Feature on Centralized Crypto Exchange - The Huobi P2P

The huobi exchange is among the most popular and large cryptocurrency exchange that is easy to use and has features that makes buying and selling of any cryptocurrency asset easy. One of the features of the huobi exchange is the p2p where buyers and sellers transact directly with each other through peer-to-peer. The huobi p2p is like a decentralized system where buyers buy directly from sellers in a peer-to-peer way and huobi providing the escrow so as to mitigate risk and fraud. On the huobi p2p, sellers can set their price offers and wait for buyers to accept the offers, or buyers can set their buy offers and wait for sellers to accept their buy offers.

Using the huobi p2p feature is quite easy. After login in, on the houbi interface, click on Buy Crypto located at the top on desktop.

Select the P2P Market option to see all the available buy and sell offers. On the Buy side, you can choose any cryptocurrency you want to buy at the top. There are a number of available cryptocurrencies that can be bought or sold on huobi p2p. The most popular once are BTC, USDT, ETH.

After selecting the cryptocurrency, find the seller or buyer based on your preference and price to buy or sell from. To buy, choose the buy side and choose any seller from the list of available sellers on the huobi p2p.

It is important to note that before buying or selling on huobi p2p, kyc is required to have access to buying or selling on huobi p2p.

Once you find the right seller, click the buy button. Input the amount of coins you want to buy and click on confirm.

To sell, choose the sell side and choose any buyer from the list of available buyers on the huobi p2p. Once you find the right buyer based on your preference and price, click the sell button. Input the amount of coins you want to sell and click on confirm.

How to transfer cryptocurrency to huobi p2p wallet

The huobi p2p uses the funds directly from the exchange account to transfer to the c2c account which means that all the p2p sell offers you create will be sold directly from the supported cryptocurrencies in the c2c account.

To transfer funds to the huobi exchange for use in the huobi p2p, click on balances at the top of the desktop, select exchange account deposit and withdrawal.

On the cryptocurrency section, choose the cryptocurrency to deposit. Deposit the supported p2p cryptocurrencies. I will select UDST to deposit and click on deposit.

Choose the USDT network and click on send deposit address button. Copy the address and deposit the USDT into the exchange account.

After the deposit is complete, the USDT will be used to sell in the p2p.

To transfer the funds into the c2c account, go back to deposits and withdrawals page and click on transfer.

By default, the “from” will be set to exchange account, On the “To” select c2c account. Input the amount to transfer and click on transfer.