Hello to all fellow @steemitcrytoacademy members especially to the teacher @yousafharoonkhan and all those who make it possible that every week we learn a little more about the blockchain world, this week we learned in the intermediate course about the Death Cross and the Golden Cross as well as how to use Binance P2P. Here is the homework:

Source: pixabay.com Modified by @emimoron

Source: pixabay.comModified by @emimoron

The Death Cross and the Golden Cross, both are chart patterns that help traders to study the market in search of favorable trends that can project future investments, their appearance originates in lines that cross between the 50 and 200 days of the study of the value of the price of cryptoassets. The death cross, as you might imagine from its qualifier, is the projection of a downward trend in the value of the asset where the shortest moving measure crosses the longest measure in a downward manner. In the case of the death cross it is clear evidence of the plummeting value of a cryptocurrency which indicates to investors that they must sell if they do not want to lose everything they have bet on the market.

The golden cross is a chart pattern that gives us the evidence of an uptrend in the market, to identify it the short term moving average crosses above the long term moving average. For its existence, three deadlines must be met: first, the recession in the sales of a given crypto-asset must decrease, second, the short-term moving average must create an upward crossover in the larger moving average to create a breakout with which a reversal can be confirmed. Finally the uptrend in prices must be followed. In short, the golden cross is a cryptographic pattern on our trading charts that signals the breakout of a negative trend and projects a rise in the prices of the cryptoasset we are analyzing.

The importance of these is directly related to the projection of either a long-term uptrend or downtrend investment, as they originate when a short-term moving average crosses a long-term moving average either upward or downward. For analysts and traders, the formation of a golden cross shows a definitive change in the market with a long-term uptrend, while the death cross is a conclusive move in the market and represents a definitive downturn. Both occur when there is a high volume of transactions.

Some market analysts propose periods of 50 and 200, in this case the period represents a specific increment of time and the more periods are taken the more accurate the predictions can be in terms of the moving average either the golden cross or the death cross. These long term periods are used especially when you want to analyze a trend within the market that is really definitive. Day traders use periods of between 5 and 15 days to set a moving trend within the day. The longer the time in chart periods, the stronger and more durable the trend that will allow an investment.

Step 1. We search for the cryptoasset, in my case it was ETH USD.

Step 2. We select the indicators for moving measurement crosses.

Step 3. We visualize the crossing of measurements on the graph.

Explain the Death Cross and the Golden Cross on the graph, (a screenshot is required).

As shown, we are facing a 100-day period for the cross measures where ETH shows two golden crosses in front of 3 death crosses which determines a marked bearish trend in the market that remains in place.

Source: pixabay.com Modified by @emimoron

Binance is a marketplace where users in their country can trade cryptocurrencies with each other and with their conditions or country of residence, in this case Binance P2P is integrated to the Binance platform and its innovation is to buy and sell cryptoassets in the country's currency. Additionally it offers spot and forward trading tutorial services.

How to transfer cryptocurrencies to the p2p wallet?

To transfer cryptoassets I enter the Binance platform, we go to our wallet there we will find the different options among which we will see transferring.

If we go to transfer, a drop-down list opens where we will find the different options for our transfers.In this way we will be able to make the transfer.

How to sell cryptocurrencies in local currency through p2p (any country or currency) (screenshot needed to verify the account)

To sell our cryptocurrencies we go to p2p there we can see the cryptoassets we have and which ones we want to sell in the market.

Once we select to see the cryptoassets we have the different options to sell, buy, transfer in our case if we want to sell we click the option on the asset we want to sell. There we will go to the market, for example if we select DOGE.

And it takes us in the market where we can sell the cryptoassets according to the amount we want, in my case it is Venezuela and the currency of my country is the BFs. As you can see it is also estimated in dollars because of the exchange market in my country which is quite unstable.

Source: pixabay.com Modified by @emimoron

When being in the cryptocurrency exchange market, it is necessary to take into account that P2P is a system with background guarantee, which means that until the transaction is not in accordance or in this case confirmed by both parties, it will not be carried out, which is an advantage, especially if we have made a mistake in any data at the time of the transaction.

Among the advantages is that the transaction costs are very low compared to other platforms and its use is quite simple. For traders, Binance P2P does not charge commissions for trading, but it does charge the markets, although as I mentioned before, it is very low. For traders it represents an advantage as the trader can decide how he/she wants to be paid. In this case you can buy and sell more than 150 coins in the cryptoassets market. Another advantage is that this platform does not collect any information from merchants and crypto-fiat transactions can be made without the need for bank accounts or online wallets.

Among the disadvantages is the time that is variable between transactions due to the same security system that requires confirmation from both parties, you must have a good reputation to make large transactions when you are new, only small amounts are allowed.

Source: pixabay.comModified by @emimoron

It is very important to know the graphic patterns that help us to predict our long-term investment such as the death cross and the golden cross because with them we can make better decisions, in this case we must pay attention to the periods of price movement in the value of cryptoassets in which we are interested.
Binance P2P platform provides the opportunity to make transactions with more than 150 crypto-assets in the local currency of the country where the transfer is made with low commission rates and with a double security system.

Many thanks to the teacher @yousafharoonkhan to all the members of the @steemitcrytoacademy who make possible every week a new learning to @steemcurator1 @steemcurator2 @steemitblog and to all the members of this academy from different parts of the world who support us. Thank you all.