**Hey, everyone I go through the lecture of professor @yousafharoonkhan about the topic Death cross & Golden cross, How to use Binance P2P trade. I understand the topic very well and enjoyed the lecture alot. Now am submitting my homework post.** ![Notification Reminder Gradient Feminine Instagram Post.png](https://cdn.steemitimages.com/DQmRwfzcPESfceRgNHqt8iFxjNHYe2PDNmkrpDNbHQGYabH/Notification%20Reminder%20Gradient%20Feminine%20Instagram%20Post.png)

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?*

--- **DEATH CROSS** ![image.png](https://cdn.steemitimages.com/DQmVa5DFPNWoqbibMhvpX2syr6V3Q6nAhtqm5Wyc2DYpRn8/image.png) ^{Source: https://images.app.goo.gl/NiQngiYo2FoaXes8A} Death cross is one of the very popular terms in technical analysis. Basically, when the short-term moving average (such as the 50 simple average) is lower than the long-term moving average (such as the 200 simple moving average), a death cross is formed on the chart of a particular cryptocurrency. Cryptocurrency charts may indicate that the market is about to turn bearish, and sellers are about to take over and push the market into a possible downtrend. The combination of 50 SMA and 200 SMA has proven to be very effective in identifying death crosses. The 50-period moving average is very common because it shows the average closing price of the past 50 periods, making it more sensitive to recent price changes. The 200 period moving average is also very common because it shows the average closing price of the last 200 periods as a smoother line and is less sensitive to recent price changes. **GOLDEN CROSS** ![image.png](https://cdn.steemitimages.com/DQmPeWaaGh8G7rJsmuQ2xLSzA2mtsxqm4Pi3LQPskydPdHn/image.png) ^{source: https://images.app.goo.gl/FFyE8MwBWgYD7XAW7} Golden crossings are formed in a specific encryption table when a short-term mobile average that exceeds a simple average of 50 is a simple mobile average of 200. When the gold cross is formed in a specific encryption graph, it has That go directly to the market, and indicates that the buyer is trying to manage the market and promote the market in an increase in the trend of potential increase. A simple movement average of 50 and 200 mobile average is a very effective way to identify the golden fabric. The 50-year-old mobile average shows the average closing price during the last 50 periods and is sensitive to recent price exercises. Meanwhile, the 200-year-old mobile average indicates the average end of the last 200 years and is not sensitive to the recent price exercise.

*What is the Significance of Death Cross and Golden Cross in Trade?*

**SIGNIFICANCE OF DEATH CROSS** The importance of a death cross in trading is that it is usually regarded as a bearish signal because it is a pattern on the chart that can indicate an upcoming possible downtrend. A pattern that occurs when a short-term moving average (such as 50 SMA) crosses a long-term moving average (such as 200 SMA), which means that the recent average price is lower than the long-term average price. The death cross helps to signal to traders that there may be Big sale, sellers are about to take over the market. Death crosses can also help traders identify market trends, whether the market is about to fall and enter a downtrend. It can also help crypto traders identify potential exit points. **SIGNIFICANCE OF GOLDEN CROSS** The importance of the golden cross in trading is that it is generally considered a bullish signal because it is a pattern on the chart that can indicate that a possible uptrend is looming. This pattern occurs when a short-term moving average (such as the 50 SMA) crosses a long-term moving average (such as the 200 SMA). This means that the recent average price is higher than the long-term average price. The golden cross helps signal traders that there may be great buying pressure and that buyers are about to control the market and drive prices up. The golden cross can also help traders determine if the market is about to be bullish and enter an uptrend. It can also help cryptocurrency traders identify potential entry points.

*What is the Effect of Death Cross and Golden Cross in the Market?*

**EFFECT OF DEATH CROSS** The impact of the death cross on the market is that it will cause fear, uncertainty or doubt in the market, and limit the uptrend, leading to more and more sellers panicking. A death cross is considered a bearish sign, meaning that whenever it occurs, a possible downtrend is looming. However, it is not always accurate, because sometimes a death cross does not mean that the trend will continue. However, the impact of the death cross on the market is a bearish sign, meaning that a possible downtrend is looming and sellers are about to control the market and lower prices. **EFFECT OF GOLDEN CROSS** The impact of the Golden Cross on the market is that it will lead to FOMO, which will cause more and more buyers to enter the market and increase prices. The golden cross is considered a bullish sign, which means that whenever it occurs, a possible uptrend is looming. However, it is not always accurate, because sometimes the golden cross does not mean that the uptrend will continue. However, the impact of the golden cross on the market is a bullish signal, which means that a possible uptrend is looming and buyers are about to control the market and push prices higher.

Question 2: *(i) How Many Days Moving Average is Taken to See Death Cross and Golden Cross in Market for Better Result and Why?*

--- **DEATH CROSS** The 50-day moving average and the 200-day moving average are two common periods to see death crosses for better results. When the short-term MA crosses and is lower than the long-term MA, a death crossover pattern will appear. In other words, when the 50-day moving average is lower than the 200-day moving average on the chart, a death cross is formed. 50 days is short term, 200 days is long term. The reason is that the 50-day moving average shows the average closing price of the last 50 days and is more sensitive to recent price changes. On the other hand, the 200-period moving average shows the average closing price of the past 200 days and is not very sensitive to recent price changes. **GOLDEN CROSS** The days of the Golden Cross are also similar to the Death Cross, but opposite to the Death Cross because the Golden Cross is a bullish sign. The 50-day moving average and 200-day moving average also look at the golden cross for better results. In other words, when the 50-day moving average exceeds the 200-day moving average on the chart, a golden cross is formed. 50 days is the minimum period and 200 days is the maximum period. The reason is that the 50-day moving average shows the average closing price of the past 50 days and is more sensitive to recent price changes. On the other hand, the 200-period moving average shows the average closing price of the past 200 days and is not very sensitive to recent price changes. The intersection of the short-term moving average and the long-term moving average effectively indicates that the market may be moving towards a possible upward trend.

*(ii) How to see Death Cross and Golden Cross on the Chart & how to see it on chart?*

Visit https://www.binance.com/en a) Check market trends before turning points or intersections. If MA 200 is higher than MA 50 and becomes thinner, it indicates the next golden cross. If the MA 200 is below the MA 50 and you are getting thinner, it indicates an impending death cross. ![a.jpg](https://cdn.steemitimages.com/DQmP5U7mgNDXQfC6GVRU7xmsKBLWExQ2nkgvbhSMWEBGw1Y/a.jpg) b) Now check the intersection to see which line is now moving up. If MA 200 falls below MA 50 and moves upwards, then it is an announced golden cross that puts the market in an uptrend. If the MA 200 is above the MA 50 and moving down, then it is a declared death cross, giving the market a downtrend. ![b.jpg](https://cdn.steemitimages.com/DQmYBUn3YMo8apipAMv4zHFvrLK9it3YHrcVM9vZz6seqz8/b.jpg) This is how we check which point is the golden cross and which is the death cross. Now let us use this strategy to identify it on the chart. We can also use another indicator to make our decisions clearer. But for now, let us continue to make decisions using only the MA line. **GOLDEN CROSS** As you can see in the above AVA/BTC chart set on 1 DAY 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. ![c.jpg](https://cdn.steemitimages.com/DQmPBb8rRJjtCBCzysQqVoMGFvVwKjopGY1ZgZZxkdSRc7H/c.jpg) **DEATH CROSS** As you can see in the above AVA/BTC chart set on 1 DAY 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. ![d.jpg](https://cdn.steemitimages.com/DQmUrSR5XRueizgptvTmPfRSRJP4VTG9411ZjkUAhdHfDLx/d.jpg)

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)*

--- Binanace P2P is a peer-to-peer transaction method in which merchants can directly exchange their cryptocurrencies with each other, which means point to point. This market eliminates the participation of third parties and establishes an easy-to-use trading system. You can sell cryptocurrencies such as BTC, ETH, DOGE, BNB, BUSD, USDT, DAI through Bianance P2P in your own country's Fait currency. It also provides all the transfer methods that people want to use. It allows you to choose your peers to complete your transaction by viewing their success rate, prices, rules, payment methods, and the time required to complete the payment.

*How to use Binance p2p*

Here is the screenshot of my verified binance account. ![verify.jpg](https://cdn.steemitimages.com/DQmNfngJsutDQEuGJCakBeB5jbytSYnUrvBHX6x9GfGVuHZ/verify.jpg) a) Select wallet option from bottom right corner. ![image.png](https://cdn.steemitimages.com/DQmb7WQxY7R4fBcssgphwqB7WT34MatY8Rkgwc55U4w2yK7/image.png) b) Now switch to p2p option and select the currency you want to sell or buy. ![image.png](https://cdn.steemitimages.com/DQmUibLFXiEjRUHmVGNkXui8sgXe3q2ag6HfZpo3nwpF4M1/image.png) c) And we can do many other things like we can purchase different coins and transfer to another binance also.

*Transfer from spot to p2p wallet*

Step 1

We have ethereum in our spot wallet of approx $13. We will click on that. ![y1.jpg](https://cdn.steemitimages.com/DQmf1tpeZyxZVXLMsTBxA2ugpCJ3cXag5BCzULEFchEhS4N/y1.jpg)

Step 2

Then we have to click on Eth/Usdt as we want to exchange ethereum for usdt. ![y2.jpg](https://cdn.steemitimages.com/DQmdHwoN1tg6sJg1UTTh9F8iuZmNP7SnhvpQ6LjG9bX5VxG/y2.jpg)

Step 3

Then in the selling panel we set our selling limit amount of ethereum we want to sell. Click on sell ETH. ![y3.jpg](https://cdn.steemitimages.com/DQmY9vqYj3kZxqRNC11VoPJ5Rnk988srbdncEEiVPyQCPhu/y3.jpg)

Step 4

Then we have to wait till our limit price match market price. ![y4.jpg](https://cdn.steemitimages.com/DQmPxZKp3vrWWVun63whgB8Y6d3EbaVxhCaRNoprykb3MFU/y4.jpg)

Step 5

Then we have $13 usdt in our spot wallet then click on transfer. ![image.png](https://cdn.steemitimages.com/DQmSanb8GCDkTUwMgyKK4zLLSGwpP3idfU938Si5zXCoKyN/image.png)

Step 6

Select the usdt you want to transfer from spot to p2p wallet and click on transfer. ![image.png](https://cdn.steemitimages.com/DQmedWssP5K69MTUqrLV54nJTwzHWKJqCuMchPraYFdY4TP/image.png)

Step 7

p2p transcation is successfully done and in our p2p wallet there is $13 usdt is available now. ![image.png](https://cdn.steemitimages.com/DQmZwfnHE3XCQjc3yWU3936RbZAvuR6rx5V6kjRZXvF721P/image.png) ![image.png](https://cdn.steemitimages.com/DQmWV5MPzzXRxxBuDwqmLjx3ZW5Cm3tv4SkKkMv1UMMGRQr/image.png)

*How to sell cryptocurrency in local currency via p2p*

Step 1

As, we already converted $13 into usdt and transfered it to p2p wallet now we have to click on the usdt available in p2p wallet. ![image.png](https://cdn.steemitimages.com/DQmdFmXNwAMvJZUKmKLkKNq6HWDCaMu78vjFm981b2nMk8t/image.png)

Step 2

We are now on selling page of USDT click on the filter button top right corner where you can set the amount and payment method of your choice. ![image.png](https://cdn.steemitimages.com/DQmedEeGpvjPrNT2cnjWsrfE58LJpD6sXoX3brYEcBXT6rM/image.png)

Step 3

Now, set amount 1000 and payment method upi and press yes. ![image.png](https://cdn.steemitimages.com/DQmXH9tLwWm1Gc1DpQpC1yF1ikDCLxeUEKPemiYeF94cZr7/image.png)

Step 4

Now select the person which is selling according to your filter here i am selecting second person. ![image.png](https://cdn.steemitimages.com/DQma4hUi5pQHxwGYUkX6yYJWcNb5R2K7E5ZS7D5QChwFLm3/image.png)

Step 5

Now select all USDT and your payment method and click on sell USDT. ![image.png](https://cdn.steemitimages.com/DQmWWnqD2WuXmykcK8G98VE2zg2gVDcLcmev3ZbVY31UMVn/image.png)

Step 6

Select your payment UPI ID & then click on chat option to appeal with the person. ![image.png](https://cdn.steemitimages.com/DQmSmXAdf8vgjK1fsG1Dq2EwWrZjNC9mp7LBfdYrStGjtao/image.png)

Step 7

Now chat with the person and tell him to send screenshot. ![image.png](https://cdn.steemitimages.com/DQmX9g1j9EioujpDAmYgnt3DXnyxpKERvmVTV46kCHRZzdW/image.png)

Step 8

Now check your payment app did you recieve the payment. ![image.png](https://cdn.steemitimages.com/DQmYNN3EAG9LdR1dot1SQzQVMRhLvY25K75JUXfBMK7hvYr/image.png)

Step 9

Now, when you recieve the payment then we have to click on confirm payment. ![image.png](https://cdn.steemitimages.com/DQmbDEALwLFLonJQeKEWquetSgtsFFuwrXKTkykj6o4jpJV/image.png) ![image.png](https://cdn.steemitimages.com/DQmaF2gZf1XCrJmvcrn49UdAZa8wkyeKaLZ6Y9RvWWoJurK/image.png)

Step 10

We successfully sell our currency another person and get our money order completed. ![image.png](https://cdn.steemitimages.com/DQmbZ4pMMezUdWgsiKZKRRZ45oVxSJKqgjCc3WpMRhkCSHt/image.png)

Question 4: *What are the things to keep in mind while P2P.Write four advantage and disadvantages of Binance P2P.*

**There are some points we should always keep in mind for p2p trading.** * When trading with Peer, be sure to read the rules and guidelines set out by Peer. * Always check the time they spend on the transaction so that you have a clear understanding of the transaction. * Use the chat option to discuss the transaction and its process with your colleague. * Do not release assets before checking payment status. It can lead you to a scam. **Advantages** * Binance P2P facilitates transactions and allows traders to buy and sell assets in their own currency. * There are no transaction fees involved between peer-to-peer transactions. * Third-party intermediaries between peer-to-peer transactions are not allowed. * There are many security layers. Identity verification and phone verification must be performed before P2P, and OTP must also be provided in the final transaction. **Disadvantages** * Sometimes the second party like the pair of our choice does not respond, which will end the transaction and waste time. * The match you selected may not want to trade with you, so they will not answer your call.. * Someone may have misconceptions or scam, and then they can take the money and appeal the transaction, leading to a scam. * Sometimes buyers and sellers do not read the guidelines and rules of other pairs, and then they may find some problems. Sometimes scammers will reverse the transaction by contacting the bank and then claiming that they are not making any transactions.

CONCLUSION

Now is the time to summarize our homework post. We discussed the golden cross and the cross of death formed by moving averages of 50 and 200 days. These crosses are used to detect trend changes and perfect market entry and exit points. Many traders believe that this indicator helps to analyze the perfect trend in the market for better results. After that, we use peer-to-peer transactions to sell our cryptocurrency. It is easy to use peer-to-peer transactions. But when we do peer-to-peer transactions, there are very few things to determine. The special point is to always confirm the success rate of the advertising display, and the number of transactions must be more than 100. We sell ether for 989 rupees. All transactions are highly protected by the one-time passwords obtained from our email ID and mobile phone number.