RigosanchezBTC

A lot of traders will hate me for sharing this for FREE, but I will delete this thread soon.

Here are all the secrets from my 4 years of experience

➬ Some people learn faster than others.
➬ Some will achieve success in a few months, while others will take years.
➬ Someone will enter the market during a bull run.
➬ Someone will be happy because of the half-percent green candle.

One thing sets successful people apart: they don’t quit.

They don’t leave even though there is no positive result.

And so that you do not end up among those who quit trading halfway, I tried to highlight some rules, the adoption of which will make your journey easier

① There are no absolutes in trading - there are only probabilities:

You don't know where the price will go.
You don't know how much you will earn this month.
You don't know whether the next trade will bring profit or loss.

All you are doing is constructing probabilities.

② Supply and demand are fundamental concepts that drive the movement of prices:

When supply exceeds demand, prices tend to fall as sellers compete to find buyers.

Conversely, when demand surpasses supply, prices typically rise due to increased competition among buyers.

③ There is no magic system:

But there is a system that will suit you personally.

You can make it out of anything.

No matter what concept you use, if in your hands the RSI indicator is able to generate profits, great. If it's Fibonacci or smart money - also great!

④ Analyze the chart simultaneously on both the Higher Time Frame (HTF) and Lower Time Frame (LTF):

The support and resistance levels on the higher time frame will be stronger. However, on the lower time frame, you may discover better entry opportunities.

⑤ The market always moves in two ways:

Accumulation involves smart money gathering a large position in a specific asset, while distribution involves selling a substantial position in that asset.

In between, there are markup and markdown phases.

⑥ Learn how to accurately identify a trend:

A trend shows the direction in which the price is expected to move:

Uptrend each low and high of the price is higher than the previous one.
➬ HH, HL

Downtrend each low and high of the price is lower than the previous one.
➬ LL, LH

⑦ Simplicity = the key to success:

The most profitable systems are assembled from primitive and understandable variables.

There is no need to assemble a sports car from thousands of parts and mechanisms. A bicycle will be enough to help you earn money for this sports car.

⑧ Risk management principles are your holy grail:

Many traders have decent systems but a terrible approach to risk management. A few adjustments can dramatically change the results.

Personally, I use a 1:3 RR ratio in my trades, but this may vary depending on the trade.

⑨ The trader is at the center of everything:

By itself, any setup is a useless piece of shit. It doesn't provide any advantage.

The advantage lies in the person who trades the setup.

How a trader acts in a situation is more important than any pattern or TA indicator.

⑩ Understand how the market cycles are simply working:

Buy fear and sell euphoria, period.

Low prices are an opportunity.
High prices mean sales opportunities.

⑪ Understand how Fibonacci retracement works:

Fibonacci levels help determine optimal times to buy or sell an asset.

Key levels to watch are 0.5, 0.618, and 0.786.

After a bullish price movement, simply draw the Fibonacci levels from the low point to the high point.

⑫ Be patient:

Instead of chasing the price, let it come to a predetermined level and enter a position when this happens.

Don't go surfing when there are no waves. Just wait.

⑬ Learn the basics of Smart Money Concept:

Smart Money refers to experienced traders or institutions with insights and resources.

The Smart Money Concept is a set of tools that can be used to track the actions of major players in the market.

It operates on some principles

Don't miss out on the next alpha! Follow and like

$BTC $ETH #TrendingTopic #Write2Earn #BTC

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This encompasses both rigorous compliance and security measures and extensive cooperation with authorities to promote the security of the broader blockchain ecosystem. However, there is a key question that is often overlooked: why do we invest so many resources and efforts in security and compliance, in addition to collaborating extensively with authorities and agencies? The answer lies in the fundamental value that drives everything we do : take care of our users. As an industry leader with a unique, highly user-focused culture, we exceed industry standards to protect our customers and promote the security of the global blockchain ecosystem. This involves working closely with authorities and regulators around the world to detect and thwart malicious actors, helping to protect the rapidly evolving cryptocurrency space and making Binance a safer platform for users and their assets.We have always held Binance to the highest standards, even when we had no obligation to do so, because it is the right thing to do and protects the interests of users. Our Compliance program enables numerous preventive measures to keep malicious actors at bay before they pose a threat to users and the ecosystem. And even if a crime occurs, the work of our Compliance and Investigations professionals increases the chances of recovering victims' funds and identifying and prosecuting perpetrators. In this blog, we detail some of the cases where our researchers and security experts helped protect users, the crypto community at large, and even victims of crimes outside of the crypto space. We See the VictimWhile research shows that transactions linked to illicit actors make up a minuscule portion of the overall cryptocurrency transaction flow, digital assets, like any other financial instrument, can be used to facilitate all types of criminal activity. This relates to both cryptocurrency-specific crimes, such as attacks on protocol vulnerabilities and rug pulls; to more conventional scenarios, such as online romance scams; or even real-world crimes where cryptocurrencies are used to move ill-gotten gains. Behind every criminal act, there is a victim (or several) who was abused or hurt, lost their money, and who was permanently marked by the experience. An artist in Turkey who set out to explore the world of NFTs and had his crypto stolen. A carer in Belgium who, lured by a new online friend, fell into a fake investment scheme. A 23-year-old who made it big with his investments, only to see much of his funds lost to a wallet hack. A CEO of a cryptocurrency company who was kidnapped and forced to hand over a fortune in cryptocurrency to secure his release. Crime victims come from all geographies and demographics, and it doesn't matter who you are or where you are; If you, as a Binance user, were targeted by malicious actors, we will use our experience and investigative skills (and join forces with authorities and industry partners where possible) to do everything in our power to to help you.Dismantling criminal groupsSome large-scale international criminal networks or even terrorist groups use digital assets to move funds across borders. However, by doing so, they expose themselves to the threat of being tracked by blockchain researchers taking advantage of the transparent nature of cryptocurrencies. By joining forces with national police investigators, Binance detectives can and do collaborate in efforts that disrupt these cybercriminals and terrorists. In 2020, Binance collaborated with the Ukrainian Cyber ​​Police on the Bulletproof Exchanger project, which had The objective is to track transactions between Binance and high-risk entities. This led to the identification and arrest of a cybercrime organization responsible for a ransomware campaign and the laundering of more than $42 million in cryptocurrency over the past two years. The following year, Binance investigators were involved in an international case alongside the Cyber ​​Police of Ukraine, the Cyber ​​Office of the Korean National Police Agency, the US authorities, the Spanish Civil Guard and the Swiss Federal Office of Police, among others, which led to the arrest of members of FANCYCAT, a prolific cybercriminal network responsible for more than $500 million in damages from executing cyberattacks and laundering money from dark web operations and high-profile cyberattacks.Binance's anti-money laundering (AML) scanning tool detected suspicious activity on the platform and expanded the suspicious cluster. Mapping the entire suspicious network, the team worked with private sector blockchain analysis companies TRM Labs and Crystal to analyze activity on the chain, ultimately leading to the identification and eventual arrest of the FANCYCAT members. A notable counter-terrorism case from 2023, Binance, in collaboration with the National Bank of Tajikistan and blockchain analysis company TRM Labs, collaborated on work that resulted in the arrest of several senior members of the terrorist group Islamic State of Greater Khorasan (ISKP). ). Tackling Hackers Hacks and vulnerability attacks targeting both centralized cryptocurrency platforms and DeFi protocols are another major threat to users' digital assets. Binance Security and Investigations experts have a formidable track record of recovering funds lost in such attacks, so they can help victims recover at least some of their money. In 2022, Binance recovered funds stolen from the breach security in Axie Infinity. When Lazarus, a North Korean hacking group, transferred stolen assets to Binance from 86 different wallet addresses, we instantly held these transactions and eventually recovered $5.8 million in cryptocurrency. In August 2022, Binance froze crypto assets stolen from Curve Finance users valued at approximately $450,000, accounting for 83% of the hack. The Curve Finance hacker had sent the assets to Binance using a variety of techniques to bypass our security controls, but was ultimately detected. Binance worked closely with authorities to return funds to users. In 2023, several Binance teams collaborated internally to identify two individuals involved in the attack on vulnerabilities in the Platypus Finance decentralized protocol. They then referred the case to French authorities, who arrested the suspects.Crimes against peopleSometimes digital assets are involved in incidents that go beyond the virtual world, where people can be physically hurt. Fortunately, the fingerprints left by the perpetrators of such crimes can help authorities track them down. Two 2022 cases from São Paulo, Brazil, offer clear examples. In one, the Binance Investigations team worked closely with the São Paulo Prosecutor's Office to trace the payment of a kidnapping and extortion that resulted in the loss of approximately 2 million reais (over $400,000). The suspect attempted to hide his transactions by using the premium privacy feature of a cryptocurrency wallet, but that was not enough to prevent investigators from identifying the suspect's deposit address. In another case, the Binance Investigations team worked closely with the São Paulo Civil Police to track and freeze the proceeds of another extortion. In both cases, the collaboration between Binance and law enforcement officials, along with the Know-Your-Customer (KYC) procedures applied on the Binance platform, played a key role in the subsequent arrests of the perpetrators. In October 2023, the deputy unit of the Royal Malaysia Police contacted our Investigations team to address the kidnapping of a Malaysian national in Manila earlier that year. Unfortunately, the victim did not survive. However, Binance researchers were able to assist authorities in their investigation. Philippine police arrested the identified suspects - the result of collaboration that began by attending a training provided by Binance.How we deal with scammersThe list would be incomplete without mentioning the work we do to protect our users from another common threat: scams. online scams. One variety in particular has been on the rise in recent years: so-called pig butchering scams, a type of scam that combines investments and romance, in which criminals build relationships with their victims over time and then convince them to participate. in fake investment schemes.In 2023, Binance assisted the Federal Bureau of Investigation (FBI) and the United States Department of Justice (DOJ) in a major pig butchering case in which more than $112 million in money. Our Investigations team acted quickly to identify and restrict the flow of illicit funds through the platform. This directly helped recover the victims' lost funds. The team's effort complements the work carried out by federal authorities. In another major case, Binance partnered with the Cyber ​​Crime Investigation Bureau (CCIB) of the Royal Thai Police and Homeland Security (HSI) of the United States in an investigation to take down a criminal group responsible for a major cryptocurrency scam. pig butchering that affected thousands of victims in Thailand. Binance and HSI provided CCIB with intelligence services that allowed it to arrest five of the main members of the criminal group and seize around 10 billion Thai baht ($277 million) in assets, including luxury vehicles, houses, property titles and other high-end assets. Since then, more than 3,200 victims have filed for compensation. In another case, Binance assisted the Central Investigation Bureau (CIB) of the Royal Thai Police in another cryptocurrency scam case, leading to the dismantling of an extensive network of transnational criminal organizations. The arrest operation was carried out in 30 locations in Bangkok, Samut Prakan and Udon Thani provinces, and involved more than 200 law enforcement officers.Always available to helpThe Turkish artist whose money was stolen contacted Binance customer service to report the incident. Our investigators identified the suspect and negotiated with him until finally persuading him to return assets to their rightful owner. The 23-year-old investor's story involved a similar case, in which the thief ultimately returned the funds. A Nigerian court identified and sentenced the fake "friend" of the Belgian caregiver. With the help of Binance, the kidnapped cryptocurrency CEO managed to recover funds totaling about $2.6 million previously paid as ransom. There are a variety of methods and tools to help victims of crime, and we are ready to use all of them to achieve justice for our users, depending on the context of each case. At Binance, we understand that our responsibility to users is to provide a safe and protected environment, in addition to being prepared to face any illegal activity that may represent a risk to those who trust us with their assets. If you want practical help, please go to our Support Center to learn more about user protection on the Binance platform. From a robust Regulatory Compliance program to extensive collaboration with global authorities, we are here to ensure our users are protected at every stage of their cryptocurrency experience. You might also be interested in…The daily life of Binance investigatorsLearn about scams: a definitive guide to the most common scams in the world of cryptocurrenciesWe give everything for the users: we provide help and support the communities

HighlightsStablecoins are cryptocurrencies designed to offer you stability by being anchored to stable assets, such as fiat currencies. These versatile digital assets are used in trading, payments, remittances, and DeFi. Additionally, they provide a less volatile entry point for those just entering the crypto world. Our various stablecoin offerings, such as USDC and FDUSD, among others, highlight our dedication to improving the overall user experience on Binance. We give you the Welcome to our beginner's guide to stablecoins, to unravel the complexities of these unique digital assets within the cryptocurrency landscape. In this blog, we delve into the fundamental concepts of stablecoins, their role in the ecosystem, and explore several notable stablecoins in the market, such as USD Coin (USDC) and First Digital USD (FDUSD), among others. We'll also look at the benefits and challenges they present, provide information on how to choose a stablecoin, and show you how we're integrating these assets to expand your trading horizons. Stablecoins: The Basics In simple terms, stablecoins are a type of cryptocurrency designed to offer stability and avoid volatility. Its value is anchored to more stable assets, such as fiat currencies or commodities, in order to maintain a constant value. This stability is what distinguishes them from other cryptocurrencies, whose values ​​can fluctuate greatly. This predictable value makes them ideal for daily transactions, trading and as a means of protection against the volatility of the crypto market in general. There are several stablecoins that have gained prominence, for example:Tether USD (USDT)USD Coin (USDC)Dai (DAI)TrueUSD (TUSD)First Digital USD (FDUSD)The combined market capitalization of these five stablecoins is about 129.56 billion dollars (as of January 12, 2024), reflecting its important role in the landscape.How do they maintain stability? One of the defining characteristics of stablecoins is their ability to maintain a stable value. But how exactly do they achieve it? Well, these are some of the main methods:1. Fiat collateral: Most stablecoins are backed by reserves of a stable asset, such as fiat currencies or gold. This ensures that for each stablecoin issued, an equivalent value of the underlying collateral is held in reserve, which can be redeemed.2. Overcollateralization in cryptocurrencies: Some stablecoins use other cryptocurrencies as collateral. To respond to the volatility of the supporting cryptocurrency, stablecoins often use overcollateralization, that is, the value of the cryptocurrency held as collateral (and/or in reserve) is greater than the value of the stablecoins issued.3 . Algorithmic control: Algorithmic stablecoins use a sequence of programmed instructions to manage the supply of issued stablecoins, which increases or decreases based on certain criteria to maintain a parity with a stable asset. Case study: fiat-backed stablecoinsAs an example, Let's take a look at fiat-backed stablecoins, such as FDUSD and USDC, which are backed by US dollars in reserve. For each token in circulation, you have one US dollar, ensuring that the value remains constant. This provides a degree of certainty and trust, as users know that their stablecoin will always be redeemable for an equivalent amount of US dollars (USD). Reserves are audited periodically to ensure compliance and transparency. The Integral Role of Stablecoins in the Crypto Ecosystem Stablecoins play a crucial and multifaceted role in the crypto ecosystem. Their unique attribute of stability allows them to facilitate various financial activities, such as loan applications and granting, trading, and remittances.TradingStablecoins are a fundamental piece for cryptocurrency trading. They provide a stable medium of exchange, allowing traders to enter and exit positions without needing to convert crypto back to fiat. This stability is crucial, especially in a market where price swings can be sudden. They act as a reliable base currency in trading pairs, making them an essential tool for managing risk and calculating profits and losses. Loan Applications and GrantsIn the world of decentralized finance (DeFi), stablecoins are increasingly most popular for applying for and granting loans. Their stable value makes them an ideal option in these activities. Users can lend their stablecoins to earn interest or use them as collateral to borrow other assets. This stability reduces the risk of liquidation that could occur due to the volatility associated with other cryptocurrencies. Use in cross-border payments Stablecoins present a fast and cost-effective option for international money transfers. Traditional methods of sending funds internationally can be expensive and time-consuming, but stablecoins simplify and speed up this process. Their stability means that the amount sent is effectively the amount received, something vital in cross-border financial transactions. Exploring stablecoins: their benefits and challenges Stablecoins, anchored to stable assets such as fiat currencies, offer market stability, making them a safer option for investments and an efficient one for transactions. They are ideal for beginners and regions with volatile currencies. They play a crucial role in DeFi, helping to make loans, borrow, and farm returns with reduced volatility. However, you should also be aware of challenges, such as regulatory uncertainty and the potential for transparency issues. , especially in reservation audits and backup reservation publications. Furthermore, their value, anchored to underlying assets, can be affected and (unlike decentralized cryptocurrencies) they often rely on centralized management, which poses risks such as possible mismanagement. How to select the right stablecoin: factors to considerWith a variety of stablecoins available on the market, choosing the right one can be key for your cryptocurrency activities. But what are the main factors that must be taken into account? Market reputation: The reputation of a stablecoin in the market is an important indicator. Look for stablecoins that are widely recognized and used. A large market capitalization and widespread adoption typically indicate a safer choice.Underlying Assets: It is essential to understand what backs a stablecoin. Is it secured in fiat money, in crypto, or is it governed by an algorithm? A fiat-collateralized stablecoin, backed by reserve assets such as the US dollar, tends to offer more stability. However, it is important to check backup reserves. Regulatory compliance: Check whether the stablecoin complies with relevant regulations and legal frameworks. A stablecoin that adheres to regulatory standards is generally more trustworthy and has a lower chance of facing legal issues. Transparency and audits: Transparency in operations, particularly in the publication of reserve holdings and audit reports, is essential . Make sure the stablecoin regularly publishes its reserve status and undergoes external audits. This transparency can provide assurance regarding the support and stability of the stablecoin. Ecosystem integration: Examine how well the stablecoin integrates into the crypto ecosystem. A stablecoin widely supported on various exchanges, wallets, and DeFi platforms offers more flexibility and utility. Stablecoins on Binance: Integration and Benefits At Binance, we understand the critical role stablecoins play in the cryptocurrency ecosystem. Therefore, recognizing their real-world applications, we support a variety of stablecoins to offer our users a fast, efficient and low-cost means of exchange and settlement. This integration facilitates a frictionless way to buy and sell other cryptocurrencies and increases access to liquidity. Expanding stablecoin options on Binance: USDC, FDUSD, AEURAt Binance, we continually expand our stablecoin offering to address the diverse needs of the community. Some recent examples are the new USDC Spot trading pairs and USDC-M perpetual contracts, the listing of the Anchored Coins EUR (AEUR) stablecoin in December 2023 and FDUSD in July 2023. We expand your trading horizonsOn 3 January 2024, we introduce USDC-M perpetual contracts for prominent assets such as BTC and ETH. These represent an alternative to USDT-margined futures.Binance Futures has also launched a series of USDC promotions (valid from January 3 to April 3, 2024) with 170,000 USDC in rewards for eligible users who deposit USDC into their wallets of Futures and operate USDC-M perpetual contracts. And, in addition, a 10% promotional discount on trading commissions for all trades in USDC-M Futures contracts. In December 2023, we continue to expand our stablecoin offerings and introduce new Spot trading pairs with USDC, among them, ADA/USDC, DOT/USDC, MATIC/USDC and XRP/USDC. We added the FDUSD token in July 2023 with the launch of a zero maker commission promotion on FDUSD and also enabled commission-free trading on six FDUSD Spot and Margin pairs, including DOGE/FDUSD, SOL/FDUSD and XRP/FDUSD. ConclusionsStablecoins offer a combination of stability and versatility, making them an essential part of the crypto ecosystem. At Binance, we are committed to offering a wide variety of stablecoin options, enhancing your trading experience and broadening your overall investment horizons. Our focus remains on improving efficiency and accessibility for users of all levels and ensuring we meet the diverse needs of our global community. You might also be interested in…What is a stablecoin? Here we explain where and how to buy themEnjoy a 10% discount when trading USDC-M Futures!Guide on how to buy USDCWhat is First Digital USD (FDUSD)?Legal notice: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and whose associated risks you understand. You should carefully evaluate your investment experience, financial situation, investment objectives and risk tolerance, and consult an independent financial advisor before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future results. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, see our Terms of Use and Risk Warning.