Good morning to all members of the academy in this opportunity I will talk about the Cross of death and the Iron Cross show you what they are used for as they are displayed within a graph and how we can operate with it is very interesting and educational I hope you appreciate this homework task thank you teacher @yousafharoonkhan for such valuable information.

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

Death Cross

The Death Cross pattern marks the clear pattern of a trend change and tells us that the trend change is approaching and this will be bearish. The pattern that tells us is when the 200MA moving average line crosses above the 50 MA moving average line which gives us a clear bearish signal on the chart so immediately I see this pattern I get out of the market and bet on shorts to the downside to make some more money.

It is very important to know clearly that patterns can be misleading but this one is very effective in fact we will see in the next charts what I am talking about I have carefully studied this death cross pattern and in all the charts I see it repeats the same pattern after visualizing the death cross.

Golden Cross

The Golden Cross marks the clear pattern of a trend change and tells us that the trend change is approaching from bearish to bullish when the 50MA moving average crosses above the 200MA moving average line which is a clear sign of an uptrend take action and buy all those USDT to BTC or another explosive currency. I am using this technique because I know it is effective, you will have to do more research and study it to learn how to use it, but don't worry, I will tell you everything in this research work.

What is the importance of DC and GC in trading?

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They are indicators that allow us to intercept trend changes and thus try to make our moves by making the right decisions in the market whether bearish or bullish, thus we will be maximizing the gains in our balance sheet.The Death Cross with the two moving lines of 50MA and the 200MA is a great tool to know the exact point of entry or exit of a trade as we know where the trend is heading to futures we can speculate prices to the next resistance or the next support and exit at the time without falling into greed or euphoria.

The golden cross also handles the two moving lines of 200MA and 50MA these are measured in (Days) so we will have like the cross of death a tangible signal of the approaching trend to make our decisions and take advantage in the market although we must be alert because old investors are waiting for the same movement and could make a psychological move to think differently so it is recommended to perform fundamental and sentimental analysis to the market before operating them. always with a cool head.

What effect do these two have on the market?

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The effects are when the moving average lines cross depending on where they are directed the market we know that it will take a trend in the future and present of this movement when they recreate the death cross we know that the effects on the market are bearish because the 200MA moving average line is above the 50MA moving average line but at the same time the market indicates its bearish trend.

If the 50MA moving average line crosses above the 200MA moving average line then we see that the effects on the market are bullish so we can take advantage of speculating the future of the same effects are imminent and in the long term. discarding false movements in the market we can work with tranquility.

For both Death Cross and Golden Cross we need two moving average lines, one for 50 days and the other for 200 days, so we can determine the crosses between them where the 50 and the 200 are and determine which cross is forming in that time period.

How to see the death cross and the golden cross on the chart:

We can go to our favorite Exchange and go to the BTC that currently holds the two crosses Death Cross and Golden Cross is a nice example to show you come on.

Let's go to the 2 little dots that I show you.

We choose our word MA

Select Moving Averge

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Setting up the 50MA moving average (50dIAS)

We change to 50 periods and choose our style

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Setting up the 200MA moving average (200dIAS)

We change to 2000 periods and choose our style

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This is how the Death Cross and Golden Cross are displayed.

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Explain the death cross and the golden cross in the graphic (screenshot required).

Death Cross:

In the following graph we can see that the 50MA line was placed below the 200MA line so it says that it is marking a downtrend this happened in the days of the month of May approximately from day 04 to day 06 of the year 2021, then we say that we must take important decisions at this exact point to protect ourselves if we are in the market or to make some money in some short or long that we put down.

Golden Cross:

The dedition tells us that the golden cross is formed when the 50MA line crosses above the 200MA so on the 07th day of the month of July 2021 this was fulfilled and tells us that the trend is bullish so we must also make important decisions to allow us to earn some extra money. and protect our assets the market works this way and with these two tools it is much easier to learn and manage the market.

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What is Binance P2P and how to use it?

One of the largest exchanges in the world implemented this P2P tool to help us to exchange Fiat or digital assets and works as a bridge to allow us to buy cryptocurrency with Fiat money from person to person directly, with security that is determined according to the smart contracts almost all currencies can be exchanged dollar, euro, Chinese coins, Thai coins, tokens and much more and these can be deposited in any bank around the world in a few simple steps, you must be verified, you must do business with verified people, you must negotiate with friendly and reputable people.

This allows us to travel to any country and keep our assets in cryptocurrencies and then if we need something we can withdraw it to the bank and thus allow us to pay the stay of hotels food etc. much faster less commissions because there are no third party financial institutions only p2p. person to person.

How to use it?

Very easy I am going to make a guide that demonstrates how to use it step by step, but first I want to mention some details that can not be overlooked.

We log into our Binance Exchange:

•Go to fiat & spot

•Select transfer and the currency to use

•Then send the correct balance to p2p.

•We go to our p2p in tranfer.

•Choose to sell the coin and select only verified sellers.

•In this step we should look for the best price ratio and limits of the merchant.

•We select the one we like and click ok.

•Then the cryptoassets are frozen and until we verify and accept they are not unfrozen.

•Once everything is correct, click ok and enter the code and that's it.

How to transfer cryptocurrencies to the p2p wallet?

SELECT FIAT & SPOT

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ADD THE WALLET FROM WHICH WALLET AND TO WHERE WE ARE GOING TO TRANSFER TO

CHOOSE THE CURRENCY OR TOKEN TO BE TRANSFERRED

ENTER THE DESIRED AMOUNT

CONFIRM

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WE ARE GOING TO TRADE

WE CHOOSE P2P

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SELECT STAMP

SELECT THE CURRENCY OF THE CORRESPONDING COUNTRY

SELECT THE FINANCIAL INSTITUTION WE WANT TO RECEIVE

SELECT ONLY SHOW MERCHANT ADS

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THEN WE ARE LOOKING FOR THE BEST SELLER IN RELATION TO PRICE AND QUANTITY LIMITS.

WE SELL RED BUTTON

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WE HAVE DISCUSSED WITH THE BUYER THAT THE ACCOUNT IS AFFILIATED TO PLEASE TRANSFER.

IN THIS SECTION WE ALSO SEE THE AMOUNT THAT THE BUYER MUST PAY TO THE BANK.

WE WAIT

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ONCE IT IS READY WE VERIFY IN THE FINANCIAL INSTITUTION

ONCE EVERYTHING IS OK WE CONFIRM THE TRANSACTION

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TYPE IN THE CODE THAT WILL BE SENT TO THE PHONE AND ACCEPT.

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Question #4:
What are the things to keep in mind during P2P trading and describe its four advantages and disadvantages? (own words)

SECURITY:

We must understand that Binance platform is very serious, and manages very carefully the traders but there are always malevolent people who try to scam, for that Binance created the dispute button, where if for some reason the trader wants to scam us we can go to a dispute and Binance will be our intermediary this can last hours or even days, we have to send as much information for Binance to make the decision remember that the traders money at the time of trading is blocked. this way they can not scam so easily and we will have a chance to get our assets.

PROCESS AND NEGOTIATION:

We must know who we are going to negotiate with, taking into account that this fully verified and has a good amount of transactions to be able to negotiate with that merchant that the payment and exchange ratio is adequate because many want to be greedy paying very little and also in the time of operations remember that some can last hours and others minutes. .

ADVANTAGES AND DISADVANTAGES:

Advantages:

•We save commissions if for example we are in another country and we want to withdraw money to spend it on our personal things.

•It is very fast and easy to buy crypto-assets in this case coins or tokens without going to a third party as the process is p2p.

•We can find a large market in crypto-asset which we can buy the one that best suits us in terms of price ratio and transfer fees.

•It blocks the funds for greater security for both parties.

Disadvantages:

•At the time of travel we have to set up the phone number to which we will get the code to release the funds and start section.

•In case of a dispute this can take several days so if we need the money for a dispute we can no longer depend on it.

•Beware of scammers Exchange Binance does not have complete control over it. This wastes a lot of time and our head.

•The time taken by the trader usually takes between 15min and 360 min so they should improve this and make it much faster.

Conclusion:

As for the cross of death and the cross of gold is the first time I see this method and it serves me a lot so I will be using it right now and in all my corresponding analysis, the process of p2p is a process that I have only seen in Binance is a very useful innovative method and the best idea in the world for everyone helps us to change coins fiar to digital in matters of 15 to 360 min we choose the time according to our need is also very fast and if we do everything right as I said in my homework as you will not have any problems. thank you very much I enjoyed doing this homework I will see you in the next homework assignment.

✌THANK YOU VERY MUCH. @yousafharoonkhan✌