Hello steemians how are you? I hope you all are fit and fine in this pandemic time. Today I read season 3 lectures of the crypto academy and I found it a really interesting and creative way to increase quality content and knowledge.

Today professor @yousafharoonkhan explain a wonderful lecture on Golden cross and Death cross. After complete analysis and reading now I am submitting my homework post to professor.

HOMEWORK by @rinkisaxena

Question 1:

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?(in your own words.)

Answer 1:

Defination

Golden Cross :

When MA 50 before intersection is below MA 200 but after intersection MA 50 move above MA 200 then the situation at intersection is known as Golden cross. When Golden cross form in the market by moving average then it is a sign of bullish market and market will move uptrend.

As you can see in the above LTCUSD chart of time frame 5 mins. There is a golden cross form when MA 50 cross MA 200 and move above it. Soon after that market is also moving uptrend or bullish trend occur.

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Death Cross :

When MA 50 before intersection is above MA 200 but after intersection it move below MA 200 then the situation at intersection is known as Death cross. When Death cross form in the market by moving average then it is a sign of bearish market and market will move downtrend.

As you can see in the above LTCUSD chart of time frame 5 mins. There is a death cross form when MA 50 cross MA 200 and move below it. Soon after that market is also moving downtrend or bearish market occur.

Significance Of Golden and Death Cross

Golden cross :

There are total three phase of golden cross. Phase 1 when MA 50 is below MA 200, Phase 2 when MA 50 intersect MA 200. This intersection signifies that market was going to take a trend reversal. Phase 3 when MA 50 is above MA 200 this is the signal of uptrend and one can buy asset at low levels and sell at high points before death cross.

Death cross :

There are total three phase of Death cross. Phase 1 when MA 50 is above MA 200, Phase 2 when MA 50 intersect MA 200. This intersection signifies that market was going to take a trend reversal. Phase 3 when MA 50 is below MA 200 this is the signal of downtrend and one can sell asset at high levels and buy at high points before golden cross.

What effect do these two have on the market?

Golden cross :

When the golden cross occur then it indicates that market is coming out from tuff bearish trend and now it will show a trend reversal and move bullish uptrend. This is a golden opportunity for the traders to buy at low.

Death Cross :

When the golden cross occur then it indicates that market is coming out from successful bullish trend and now it will show a trend reversal and move bearish downtrend. This is a golden opportunity for the traders to short sell at high or mid price level.

Question 2:

Explain the points given below.

• How many days moving average is taken to see Death cross and Golden cross in market for better result and why?
• How to see death cross and golden cross on the chart.
• Explain Death cross and Golden cross on the chart, (screenshot necessary)

Answer 2:

• Moving Average days :

The moving average taken to see death cross and golden cross is MA 50 and MA 200. This Time frame of 50 days and 200 days is very favourable and good because it form strong long lasting breakout and also show correct trends. It is quite easy to trade and confirm buy and sell signals in long term trading. But for short trem trader or intraday trader the time change according to there choice. Maximum intraday trader choose MA 20 and MA 50. To take short trades and good profits.

• Death cross and Golden Cross on chart :

Death Cross :

When MA 50 before intersection is above MA 200 but after intersection it move below MA 200 then the situation at intersection is known as Death cross. It is quite visible in the market by both price action and MA lines. When Death cross form in the market by moving average then it is a sign of bearish market.

Let us take an example of ETHUSD chart and analysis which trend we are getting in 5 mins time frame.

In the above ETHUSD chart of 5 mins time frame we can see that there a intersection form by MA 50 and MA 200 and soon after that market move bearish trend. It means that MA 50 is moving Below MA 200. This is how we detect Death Cross.

Golden Cross :

When MA 50 before intersection is below MA 200 but after intersection it move above MA 200 then the situation at intersection is known as Golden cross. It is quite visible in the market by both price action and MA lines. When golden cross form in the market by moving average then it is a sign of bullish market.

Let us take an example of ETHUSD chart and analysis which trend we are getting in 5 mins time frame.

In the above ETHUSD chart of 5 mins time frame we can see that there a intersection form by MA 50 and MA 200 and soon after that market move bullish trend. It means that MA 50 is moving above MA 200. This is how we detect golden Cross.

Question 3:

What is Binance P2P and how to use it ?
How to transfer cryptocurrency to p2p wallet?
How to sell cryptocurrency in local currency via p2p (any country or coin)(screen shot neccessary to verify account)

Answer 3:

Binance P2P is peer to peer transfer of fund feature available in binance exchange that allow one peer to buy and sell crypto coins, altcoins or stable coins to other peer without any Transaction fee. It help buyer and seller to buy and sell crypto in their native currency. There are many coins listed in P2P binance that trader can choose to buy and sell. For buyinh and selling crypto it provide options like UPI, bank transfer, wallet transfer which make transaction easy and fast.

HOW TO USE BINANACE P2P :

To use binance P2P facility one should have a verified account on binanace. I have created one of my account on binance and it is a verified account.

Now the second step is to add a UPI id or bank details to P2P portal so that one can make payment to you directly without contact.

Now you are ready to buy and sell Crypto throught P2P.

How to transfer Cryptocurrency to P2P wallet:

If you trade cryptocurrency in Banaras then all your crypto assets are collected in the spot wallet. These Spot wallet are use to handle your coins and help you to make a complete list of couns you hold. But if you want to trade that means you want to sell your coins through P2P you have to transfer the coins to the P2P wallet.

Follow these steps to transfer funds from spot wallet to P2P wallet :

• Go to wallet section that is available on main page bottom.

• Check your wallet status if it is on Spot then click on transfer.

• When you click on transfer it will show you which coin you want to transfer and in which wallet. Select the coin and P2P wallet and enter the amount you want to transfer.

• Click on transfer and your fund will transfer instantly to your P2P wallet without any delay.

This is how we transfer fund from SPOT to P2P wallet. One method is that you can directly buy Asset by fait currency through P2P transfer.

Selling Cryptocurrency via Binance P2P:

• First add the UPI ID to the P2P wallet show that the other Peer can send you the Fait amount in your bank account directly.

• Now in P2P wallet click on sell option. This option will take you to the main screen where other peer are listed that will buy Crypto coins from you.

• You can Add a filter according to your choice. This filter will help you to select amount and also the transfer method .

• After applying filter you can see the filter Peer that will take your cryptocurrency. I am selling BTC wroth Rs 340 INR. I choose a peer and click sell button.

• Now fill the amount you want to sell and also in which, where you want to take the transfer.UPI is is confidential so can't show it.

• Now click on sell option. Your order is placed now wait for the other peer to transfer the fund in your account then you release the asset.

• you can chat with the other Peer to follow the transfer process. When the period give Green Signal check your bank account.

• After Few minutes I received the amount and that you can see in my UPI history.

• If you receive the amount then simply release the asset by clicking confirm receipt. Finally tick I confirm and release asset.

• After you release the Asset you will release order complete receipt.

• Finally P2P deal is done between BUYER and SELLER.

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This is how we used Binance P2P to complete transaction between two peer's.

Question 4:

What are the things to keep in mind during P2P trade and describe its four advantage and disadvantage.

Answer 4:

P2P is an easy strategy to trade but also a Risky method. When a person enter in P2P trading then they should follow few instructions given below:

• Always Check the Success rate that is how many transaction one perform and how many did they complete. Remember success rate should be above 80%.
• When you receive the message of the peer that fund is transferred to your account then quickly check your bank account before transfer the cryptocurrency.
• Before choosing the peer always check the guidelines and rules that the Peer is prepared for the transaction.
• Chat once with the peer to confirm the status of your payment. If your payment get delayed.
• All check Adviser number after order is completed.

These are the few rules one should remember during P2P transfer.

ADVANTAGES :

• A buyer of crypto and a seller of crypto Can trade easily without any barrier in crypto currency to Fait Currency.

• No Mediator is involved in the transfer process and hence is smooth and easy.

• No transaction fees required while transfer of fund between two person. Also there is a high level of security apply on peer to peer transaction. You have to provide OTP every time you trade.

• you can provide all your details before fund transfer using peer to peer. You can select your own Peer for transfer of funds which will increase the number of choices and good user friendly environment.

DISADVANTAGES :

• Every party time is not same for the payment. The time period of payment lie from one minute to one hour. So one should check rules of peer before trading.

• Sometimes Party don't respond and also don't want to trade. So we have to be very much careful in such situations.

• Be aware of Scam that one can perform. They may convince you that they release asset and you trap in their scam. So check your account before releasing any asset.

• The process known as reversible payment in which trader contact and tell that he did not perform this transaction and then bank end there payment. The payment will be deducted from your account and you to be trapped in a scandal.

So these are the advantages and disadvantages then one should have to understand before peer to peer transaction in binance.

Conclusion

Now it is time to conclude our homework post in which we discuss about golden cross and death cross. Golden cross occur when moving average of 50 days intersect moving average of 200 days and Move upward. In death cross moving average 50 days intersect moving average 200 days and moves downward. Golden cross indicates bullish market and that cross indicate bearish market. One can take profit in both these market. In Golden cross market buy at low level and sell at high level and in that cross market short sell the Asset and re-buy at low levels.At last we discuss Binance P2P trade in which we sell BTC of 341 rupees. I got a peer with 80% Plus success rate. And he helped me to complete my trade quickly. Here I am concluding my homework post thank you.

THANK YOU