Copy Trading Master’s Winning Strategies Review — Episode 11

LBank Exchange
3 min readNov 10, 2023

Easy Follow, Smart Trade! Discover the winning strategies of our popular traders.

  1. Copy Trading Master’s Introduction

User Nickname: Offline

Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader/?id=LBA3D77455

Trading Style: Swing Trading

2. Trade Operation Recap

Full position, 10x leverage, long position on ARB (medium to long-term trading), opening price at 0.8117 USDT, closing price at 1.0797 USDT, single trade profit +330.18%. As shown below:

3. Trade Review

3.1 Market Background

On October 11th, the yield on U.S. Treasury bonds dropped more than 10 basis points in the past day, leading some traders to believe that the Federal Reserve might delay interest rate hikes. Some senior officials at the Federal Reserve began to think that high yields put pressure on the financial situation and might serve as a substitute for further rate hikes. This view gained support from the dovish faction of the Federal Reserve, including the Atlanta Fed President. However, some are concerned about the risks of this view, especially in the case of factors such as the Israel-Palestine conflict triggering inflation.

On October 16th, there were reports that the U.S. SEC approved BlackRock’s spot Bitcoin ETF, with BTC reaching $30,000, hitting a near two-month high. However, subsequent reports claimed that the approval of BlackRock’s spot ETF was a mistake.

On October 24th, the U.S. District Court of Appeals for the District of Columbia officially ruled on the lawsuit between Grayscale and the SEC. The SEC needs to reconsider the application to convert Grayscale GBTC into a Bitcoin spot ETF. Additionally, the SEC has acknowledged the filing of Grayscale’s spot Ethereum ETF on the same day.

On the same day, BlackRock’s Bitcoin spot ETF was officially filed with the Depository Trust & Clearing Corporation (DTCC) in the United States, with the stock code IBTC. DTCC is the world’s largest financial transaction infrastructure service provider, responsible for processing Nasdaq transactions.

On November 3rd, the U.S. released non-farm payroll data for October, showing an increase of 150,000 jobs (expected 180,000), with an unemployment rate of 3.9% (expected 3.8%).

With the continuous advancement of spot Bitcoin ETFs and the worsening employment data from the Federal Reserve, the cryptocurrency market began to rise rapidly.

3.2 Trade Analysis

From October 11th to November 8th, the daily chart of Ethereum shows bottoming, consolidation, and rapid rise, as shown below:

As Ethereum started to rise, Layer2 concept tokens also began a collective upward trend.

Artibrum (ARB) is based on Ethereum’s Layer 2 blockchain network and belongs to the Layer 2 sector. The development team is the well-known Offchain Labs, which adopts the scaling method of Optimistic Rollup, consistent with the scaling solution adopted by Optimism.

In the first week of October, the price of ARB quickly rose to around $1 and then rapidly fell back. The price found support around $0.8.

On the 4-hour chart, when ARB fell to the vicinity of the lowest point on the left, a buying opportunity appeared. Subsequently, as the price rose, the area above at $1.1 became an important resistance level. ARB began to weaken, and the position was sold for profit, as shown below:

3.3 Winning Strategies Summary

For swing trading, you must choose products with expected fundamentals and wait patiently.

Note: Personal opinion, for reference only. Opportunities and risks abound, always do your research before investing.

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