Photo credit goes to Prof @yousafharookhan

The lecture was great and here is my submission

Question 1
Define Death Cross and Golden Cross in your own words and what is the significance of Death Cross and Golden in trade? And what effect do these two have on the market.

Death Cross

It is a technical chart pattern which indicates a decline in the price of an asset or a major sell-off. This means that the market is bearish and moving in a downward trend. It occurs when the short-term moving 50MA average crosses below the long term moving average 200 days moving average. It allows traders to predict whether a market will be bearish.

Significance of Death Cross

The death cross warns traders of a major bearish trend or decline in price. This signifies that the Bullish Trend is coming to an end and the sellers are taking over from buyers. When traders spot the death cross they leave their long position and enter a short position at the appropriate time. Death Cross signifies a downward trend as investors sell their asset.

Golden Cross

A Golden Cross indicates an increase in price as a strong bullish trend is imminent. This is as a result of investors putting in their money into the market. The Golden Cross occurs when the 50days moving average crosses the long term 200 days moving average up trend.

Significance of Golden Cross

It signifies a very strong Bullish rally as more investors invest their money into the market. This means that the Bearish Trend is coming to an end. When a Golden Cross occurs the price of an asset goes up. A trader in such situation can place a buy order in his/her trade. A Golden Cross signifies that the buyers are taking over the market from the sellers thus leading to a bullish trend.

Effect of the Death Cross and the Golden Cross in the market.

They give indication about the market trend by showing whether the market is moving up or going down.
When traders have observed a Death Cross, sell orders are place as price decline, initiating a downward trend. However it's important to note that in certain circumstances an occurrence of a death cross does not initiate a decline or downward trend.

The Golden Cross stimulates traders to place a buy order as the Bearish Trend comes to an end. This means that a Bullish rally is imminent. At this point buyers begin to take over the market and this is notified by strong Green candles moving in an upward trend. Sometimes a Golden Cross can occur and still the market remains bearish.

Question 2
Explain the points given below:
How many days moving average is taken to see Death Cross and Golden Cross in the 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

Golden Cross and Death Cross can be viewed through short term and long term moving average. This moving average is also known as MA indicator. The short term moving average is seen as a short term market trend and long term moving average which is seen as a long term market trend. The short term moving average is assigned 50days while in long term moving average 200days is taken.

It takes 50days to 200days to see a Death Cross and a Golden Cross. The Death Cross is formed when 50days moving average crosses below the 200days moving average indicating a Bearish Trend.
The Golden Cross is formed when the short term 50days moving average line crosses the long term 200days moving average up trend. This Indicates that prices will go up or that the Bearish Trend is coming to an end.

Therefore, to get a stronger signal for better results 50 to 200days period is advised. This is because sometimes the market may not go upwards despite the occurence of the Golden Cross and it may not go downwards despite the Death Cross formation.

How to see a Death Cross and Golden Cross on a chart

Go to https://www.tradingview.com/

Click on charts

Click on the indicator icon on the upper part of the screen. It is an f sign icon

Type Moving Average Double click on it so two moving average cones comes up

Edit the moving average to our preferred setting of 50MA for one and 200MA for the other

For easy recognition I set the colour of my 50MA line to Red and 200MA line to Blue. So when we see the red line(50MA) cross above the Blue line(200MA) it signifies that we have a Golden Cross. However if we notice the red line (50MA) cross below the Blue Line (200MA) it indicates a death cross.

Explain the Death Cross and Golden Cross on the chart

Like I earlier stated a Golden Cross occurs when the 50days moving average line crosses above the 200days moving average line. This Indicates that the price of an asset is setting up for a bullish movement. Looking at the BTCUSDT chart we can see that the red line (50MA) crossed above the Blue Line (200MA) a Golden Cross was formed and the price of BTC rose.

The BTCUSDT declined in price when the red line (50MA) crossed below the Blue Line (200MA). This signifies a downward trend in the price of BTC as the Death Cross occured.

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

Binance P2P is a feature on Binance that allows one to sell and buy cryptocurrency in his or her national currency. It allows users to trade directly between themselves without the interference of banks or middle men. It's a very simple simple way of selling and buying cryptocurrency with Binance only serving as a platform for P2P transactions. It also helps bypass stringent bank regulations and excessive bank charges.

To use Binance P2P the following steps must be followed:
Login into your Binance account

Click on wallet

Click on P2P which is on the upper side of the screen.

It will take you straight to your P2P wallet. Then you can transfer your asset to the P2P wallet before carrying out any P2P trade.

How to transfer cryptocurrency to P2P wallet

Open your Binance app and below the screen you will see wallet, click on it.

Click on P2P on the upper side of the screen along side other wallets

Click on transfer when the P2P wallet opens

Click on the arrow to reverse the position since we are moving asset from spot wallet to P2P wallet.

Then click on the asset to be withdrawn and the amount, then click transfer.

The asset is now transferred from spot wallet to P2P wallet.

How to sell cryptocurrency in local currency via P2P

Since our assets are already transferred to P2P, we click on P2P and then click on sell

The sell page opens and we then select the asset to be sold USDT

We select a buyer if he has met our required standard such as his rate, his trade percentage, the amount he is willing to buy and his form of payment.

We then type in the amount we plan to sell. We must receive payment first before releasing the coin.

If payment is received confirm transaction

I didn't provide screenshot because i don't want to sell USDT I needed to purchase a coin

Question 4
What are the things to keep in mind during P2P trade and describe its Four advantages and disadvantages.

When transacting in P2P with either a buyer or seller, we must be on the lookout for certain things:

Rate of Consistency: buyers and sellers with high percentage rate is the best choice. I trade only with those who have 90% and above.

Mode of payment: To make this easier, Binance have designated certain icons to help identify a particular mode of payment. As a P2P trader you must look out for these to avoid mistakes.

Go through the buyers or sellers details at least to give you knowledge of whom you are dealing with. You can also chat up the person in the chat section.

Check out the rate the person is offering as well as his purchasing limit.

Read the terms and conditions to avoid making mistakes

Advantages

It eliminates middle men like the banks and excessive bank regulations and charge. This means that traders can trade between themselves directly with little or no interference. This was why Bitcoin was created.

It allows everyone the opportunity to participate in trading cryptocurrency. Even though Banks in Nigeria have been banned from permitting transactions associated with cryptocurrency, P2P serves as a solution to this issue.

It brings buyers and sellers closer because of its wide range coverage and serves as a marketplace for buyers and sellers of cryptocurrencies. This makes trade easier and faster.

Binance P2P protects both the buyers and sellers to prevent scams. During P2P if suspicious irregularities are noticed the account can be reported and transaction blocked.

Disadvantages

P2P requires that traders be verified through KYC by presenting the required documents such as National ID Card, Drivers License, International Passport etc. This means that those without any of this will be barred from P2P trade. This is a huge problem in Nigeria for many young people as getting this documents are very difficult. Even the government issued NIN is not accepted on Binance.

Traders can still fall victims to scams on Binance P2P such as transfer errors, fake alerts or where the money sent bounces back to the senders account after the other party confirms payment.

There could be unnecessary delays sch as waiting for bank credit alerts before confirming payments, poor network can make it difficult to transfer funds. This is bad during emergency period.

P2P doesn't eliminate the presence of fraudsters. My friend was recently scammed of 500 Doge coin

Conclusion

The Death Cross and the Golden Cross are very good tools that indicates trend movements. This enables traders to enter or exist the market as well as knowing when to take profits.
Binance P2P is a great way of bypassing law that are hostile to cryptocurrencies. This has. made it possible for people in anti-cryptocurrency countries to engage in trading crypto. It also enables one to be in control of his funds instead of living it at the mercy of the banks.