Copy Trading Master’s Winning Strategies Review — Episode 15
Easy Follow, Smart Trade! Discover the winning strategies of our popular traders.
- Copy Trading Master’s Introduction
User Nickname: Online
Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader/?id=LBA3D77455
Trading Style: Swing Trading
2. Trade Operation Recap
Full position, 50x leverage, long position on BTCUSDT (medium-long term trading), opening at 38017.4 USDT, closing at 43803.8 USDT, single trade profit +761.03%. As shown below:
3. Trade Review
3.1 Market Background
On November 30th, the latest data from the U.S. Department of Commerce indicates that the October inflation index, the core PCE price index excluding food and energy, saw a year-on-year growth rate drop from 3.7% in September to 3.5%, in line with market expectations. On a month-on-month basis, it increased by 0.2%, slowing down from the previous month’s 0.3%, aligning with market expectations.
On the same day, MicroStrategy released a report stating that it had spent $593.3 million to purchase 16,130 BTC at an average price of $36,785 USDT. Previously, MicroStrategy held 158,400 BTC (at an average cost of $29,586 USDT), and with this additional purchase of 16,130 BTC, MicroStrategy’s total BTC holdings increased to 174,530 (at an average cost of $30,252 USDT).
As the U.S. inflation growth rate slows down, the probability of the Federal Reserve continuing to raise interest rates decreases. At the same time, the market is beginning to bet on the adoption of the spot Bitcoin ETF in January 2024, leading to a rapid rise in the cryptocurrency market.
3.2 Trade Analysis
From December 1st to December 6th, the daily chart of Ethereum broke upward after consolidation and rose rapidly, as follows:
In the first week of December, the price of ETH experienced a rapid surge to around $2150, breaking a one-year high.
On the 4-hour chart, BTC exhibited repeated upward movements, reaching near $38,000 before quickly retracing. As time goes by, the space behind each rebound begins to shrink. The news on November 30th about MicroStrategy spending $593.3 million to purchase 16,130 BTC further fueled market excitement. The entire market turned fervent. After the price broke through $38,000, a buying position was opened.
Subsequently, as the price continued to rise, the $45,000 area on the left became a significant resistance zone. BTC began to weaken at this time, and the position was immediately closed. As shown below:
3.3 Winning Strategies Summary
In swing trading, you should pay attention to changes in fundamental expectations and track the trend in a timely manner after the turning point appears.
Note: Personal opinion, for reference only. Opportunities and risks abound, always do your research before investing.
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