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Today I go through one of the best and simplest language explanation homework posts by @yousafharoonkhan on Golden and Death Cross with Binance P2P trade. It's interesting to read the lecture post. Now I am Submitting my homework post to the professor.

QUESTION 1:

ANSWER 1:

Definition of Golden Cross :

The Cross that form by the intersection of two Moving average set on 50 period and 200 period, After intersection if MA 50 move above MA 200 and show uptrend then it is considered to be the Golden Cross. It is like a Golden opportunity for a trader to make good profit in the market. MA 50 is the short moving average line and MA 200 is the long moving average line.

As you can see in the above Kraken DOTUSD chart set on 5 mins time frame. At low price level MA 50 cross MA 200 and move above it. This show an uptrend in the market. So this cross is considered to be the Golden cross in the market.

Definition of Death Cross :

The Cross that form by the intersection of two Moving average set on 50 period and 200 period, After intersection if MA 50 move below MA 200 and show downtrend then it is considered to be the Death Cross. It is like a dead situation for a trader to make massive loss and small profits in the market. MA 50 is the short moving average line and MA 200 is the long moving average line.

As you can see in the above Kraken DOTUSD chart set on 5 mins time frame. At top price level MA 50 cross MA 200 and move below it. This show a downtrend in the market. So this cross is considered to be the Death cross in the market.

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Significance of Golden and Death Cross :

The significance of Golden cross and Death Cross is quite same but both have there own way of trading strategy.

Golden Cross :

When Golden cross Occur in the market at some level then it signify that market is going to be take a trend reversal and will move uptrend. It means that it is a good opportunity to take a buy trade at lower level and sell asset at good profit level.

Death Cross :

When Death cross Occur in the market at some level then it signify that market is going to be take a trend reversal and will move downtrend. It means that it is a good opportunity to take a short sell trade at good level and re-buy asset at good low level to make profits.

Effect on Market By Golden and Death Cross:

It play major role in analyse the direction of price action in the market. When There is a golden cross then market will move uptrend and if it is in downtrend then market will show a death cross before down trend. Golden cross is for those who want to buy good asset at low price and Death cross can be used for short sell trading that also provide good profits in the market. Also Golden cross and Death cross detect the market trend reversal easily which help trader to make a correct entry and exit point from market.

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This is the definition and significance od Golden And Death Cross.

QUESTION 2:

ANSWER 2:

Many traders believe that the best set up for Golden cross and Death cross is the moving average of 50 days and 200 days. This combination of short time and long time is best for long term trades. The gap between these two Moving Average is large that help to predict perfect trend in current time. It also show strong and stable trends. This set up is perfect to detect trend reversal and Bullish,bearish trend. But not everyone is intraday trader. So For inteaday the best set up of MA lines is 20 and 50. It provide good intraday trends. One can make good profits when apply this MA lines on chart. They also predict trend and trend reverse easily so that intraday trader and make good profits and have a great day.

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How to check Golden cross and Death cross on chart, Explain on chart:

To Identity which cross is death cross and which cross is Golden we have to check few points to finally declare the correct point.

• Check the trend of market before the twist or cross point. If MA 200 is above MA 50 and getting thin then it is an indication of upcoming Golden cross. If MA 200 is below MA 50 and getting thin then it is an indication of upcoming Death cross.

• Now check the cross point, And See which line is now moving above. If MA 200 is below MA 50 and moving upward then it is a declared Golden cross which give market bullish trend. If MA 200 is above MA 50 and moving downward then it is a declared Death cross which give market bearish trend.

This is How we can check which point is Golden cross and which one is death cross. Now let us take this strategy to identify it on Chart. We can also take another indicator to make our decision more clear. But right now let us stick to make our decision with MA lines only.

Golden Cross :

As you can see in the above ETHUSD chart set on 5 mins time frame, before intersection MA 50 is below MA 200 and getting thin in area. Soon they cross each other and create a cross. This cross is referred as Golden cross as from now MA 50 move above MA 200 and create a bullish market.

Death Cross :

As you can see in the above ETHUSD chart set on 5 mins time frame, before intersection MA 50 is above MA 200 and getting thin in area. Soon they cross each other and create a cross. This cross is referred as death cross as from now MA 50 move below MA 200 and create a bearish market.

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This is how we use MA lines to identify the golden cross and death cross.

QUESTION 3:

ANSWER 3:

Binanace P2P is a peer to peer trading style where trader can trade their crypto currency directly with each other that means from one peer to other peer. This marketplace remove third party involvement and make a user friendly trade system.You can sell crypto coins like BTC, ETH, DOGE, BNB, BUSD, USDT, DAI by Bianance P2P in your own country Fait currency. It also provide all the methods of transfer one want to take. It allow you to choose your own peer to complete your transaction by looking at their success rate, price, rules, method of payment and time taken for payment to complete.

To Use binanace P2P account, first we have to create a verified account on binanace. I have my account on binanace from a long period of time.

Then First we have to visit and make a tour to P2P wallet. For that click on wallet section given below. It will take you to the spot Market.

Now click on P2P written on top of the taskbar. You enter in P2P wallet where you can see number of coins are listed that you can transfer in P2P wallet to sell.

If you Buy any coin from listed coins via P2P mode then it will also get listed in P2P wallet.

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TRANSFER CRYPTO TO P2P WALLET :

To transfer crypto from spot wallet to P2P wallet we have to follow some basic steps :

Click on wallet option and visit Spot wallet. This wallet list all your crypto coins that you have in you hand.Now click on transfer option shown at 3rd option after buy and sell.

Fill the amount and the coin you want to transfer to P2P wallet. The main thing is when you click on Transfer the first wallet it will show is P2P wallet. After completing information click on transfer button.

Now check your P2P wallet, the amount you transfer is listed very quickly in the list and now you can trade that asset.

SELL CRYPTO ASSET :

I am selling ETH worth Ruppees 174. Here are the steps that we have to follow to during our whole transaction.

Click on the Currency you want to sell and then click on sell option.

You can see number of advertisements of different peer's that paying high amount as well as low amount. Select one of the peer with good success rate.

Since I have a small amount of transactions so I first filter the peer's by entering amount mode of payment.

Now the new list will show the filtered list of peer. I found a peer with 98% success rate. So I select that peer for my selling ETH.

Now As I click on that I will take your information about how much coin you want to sell and what is the mode of payment. After filling click Sell ETH.

Now your order is under process, you can chat the peer about the process or can wait to complete his/her work. My peer work very fast and in 2 mins He complete my transaction.

When transfer get complete peer from other side click pay and then you can see a message to release asset.

Go and check your wallet or bank account to verify the transaction and if you receive the amount go back to binance.

Now click on comfirm release. It means that you have check the amount and move completing the order from your side.

Click on tick and click confirm button. Now your transaction is complete and you receive a order summary.

Now we receive order summary and can check the transaction id and amount we get in bank account.

This is how we sell crypto currency through P2P. This is all about P2P binance transaction.

QUESTION 4:

ANSWER 4:

While using Binanace P2P trading for both buying and selling one should remember these points before going to trade with a peer.

• Always check the success rate of the peer before dealing with them. It is important to have atleast 80% success rate with 100+ trades.

• Always read the rules and guidelines make by Peer when you trade with them

• Always check the time they are taking for transactions so that you get a clear idea of transaction.

• Use chat option to talk to the peer about the transaction and its process.

• Don't release the asset before checking the payment status. It may lead to you in a scam.

These are the things to keep in mind while P2P trading.

ADVANTAGES AND DISADVANTAGES :

Advantages	Disadvantages
Binance P2P make transaction easy and allow trader to buy and sell asset in their native currency.	sometimes second party that is the peer that we choose don't respond and that will end of transactions and waste of time.
There is no transaction fees involved between peer to peer transaction.	May be the peer you choose don't want to trade with you, so will not respond to your call.
No third party mediator is allowed in between peer to peer transaction.	May be someone have wrong or scam mind then they may take money and Appeal the transaction which will lead to you in a scam.
There are many layer of security. One have to give his identity verification and Phone verification before P2P and also have to provide OTP at final transaction.	Sometime buyer and seller don't read guidelines and rules by other peer and then may suffer some issues. Also sometimes scammer reverse the transaction by contacting bank and then say that they don't do any transaction.

These are the Advantages and Disadvantages of Binance P2P.

Now it is time to summarise our homework post in which we discuss about Golden cross and death cross that are formed by moving average of 50 days and 200 days. These crosses are used to detect trend reversal and perfect entry and exit point from the market. Many traders believe that this indicator help to analyse perfect trend in the market to get it better results. After that we sell our cryptocurrency using peer to peer transaction. It is easy to use peer to peer transaction. But we have to make sure about few things while doing peer to peer transactions the special point is to always confirm the success rate of the advertisement display and the number of transaction must be hundred Plus. We sell ethereum of rupees 174. And all transaction is highly secured by one time password that we get on email id and mobile number. Thank you so much professor for such an attractive and interactive.