Copy Trading Master’s Winning Strategies Review — Episode 16
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, 10x leverage, long position on ORDI (medium-long term trading), opening at 20.315 USDT, closing at 46.457 USDT, single trade profit + 1286.84%. As shown below:
3. Trade Review
3.1 Market Background
On November 7, Binance announced the listing of ORDI. ORDI’s price rose from 7.4 USD to 13.5 USD, marking the start of the first major rally. After reaching around 27 USD, it quickly fell, dropping to a low of 19 USD.
On November 14, the US published October CPI data at 3.2%, lower than the expected 3.3%, with the previous value at 3.7%.
On November 22, the Federal Reserve released the minutes of its November monetary policy meeting. The minutes showed that the Fed would tighten monetary policy further if inflation did not decline sufficiently. All FOMC members agreed to be “cautious” on interest rates, and all believed rates would remain restrictive for some time. Attendees unanimously agreed that policy decisions at each meeting would continue to be based on “a comprehensive assessment of all information,” maintaining a tight stance to support further achieving inflation targets while allowing ample time to gather more information.
As US inflation slowed, the likelihood of the Fed continuing to hike rates decreased. At the same time, the market began to bet on the expectation of a spot Bitcoin ETF being approved by January 2024, leading to a rapid rise in the cryptocurrency market.
3.2 Trade Analysis
From November 21 to December 11, Bitcoin’s daily chart showed consolidation followed by an upward breakout and rapid rise, as shown below:
On the 4-hour chart, ORDI fell rapidly after rising to around 27 USD. Over time, the price found support in the 19–20 USD range and buying positions were opened.
Entering December, ORDI quickly broke through 30 USD, reaching new highs. At the same time, related tokens in the BRC20 ecosystem began to surge significantly, entering a phase of gains.
Subsequently, as the price reached the 60 USD zone, ORDI began to weaken. On December 11, with BTC plummeting, ORDI broke below the triangle pattern on the 4-hour level and the position was immediately closed. As shown below:
3.3 Winning Strategies Summary
In swing trading, it’s crucial to monitor overall sector trends and concept changes.
Note: Personal opinion, for reference only. Opportunities and risks abound, always do your research before investing.
Click here to download for iOS or Android
Website: https://www.lbank.com/
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
YouTube: https://www.youtube.com/c/LBankExchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Medium: https://medium.com/LBank
Reddit: https://www.reddit.com/r/LBank2021/
