Copy Trading Master’s Winning Strategies Review — Episode 18
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
Long ETH with 50x leverage on cross mode (medium-to-long term trading), opening at 2,226.15 USDT, closing at 2,274.34 USDT, achieving a profit of +108.24%. As shown below:
3. Trade Review
3.1 Market Background
On December 13th, following the FOMC meeting, the Federal Reserve announced a hold on rate hikes, lowering its end-2024 interest rate projection from 5.1% to 4.6%, signaling a “dovish” stance for next year. Fed Chair Powell, previously trying to temper market expectations of rate cuts, discussed the prospects of rate reduction, stating that rate cuts were “clearly a topic of discussion.”
On December 18th, three Federal Reserve officials expressed confusion over the market’s premature expectations of rate cuts for next year, issuing “hawkish” statements to temper speculation about significant rate cuts in the upcoming year.
On December 19th, the SEC’s Office of Market Supervision and the Division of Trading and Markets met again with BlackRock executives to discuss the details of the proposed spot Bitcoin ETF.
On December 21st, the U.S. Department of Commerce released the final quarterly annualized GDP growth rate for Q3, revising it down to 4.9% from the previously reported 5.2%, exceeding expectations of 5.2%.
3.2 Trade Analysis
From December 12th to December 25th, Bitcoin’s hourly chart showed rapid declines followed by wide-range oscillations, as depicted below:
On the hourly chart, after ETH rose to around $2400 (December 9th) and began high-level consolidation, it quickly retraced.
When ETH fell near $2120, close to its December 11th low, long positions were opened to participate in the oversold rebound.
On December 15th, with continuous surges in the U.S. stocks and Wall Street undeterred by the Fed’s “hawkish” views, the crypto market followed with a substantial rally, peaking near $2330.
On December 23rd, ETH reached $2330 again, then entered a triangular consolidation. After breaking the lower edge of the triangle, positions were sold off during the subsequent rebound, as shown in the image below:
3.3 Winning Strategies Summary
In swing trading, it’s crucial to pay attention to timely profit-taking.
Note: Personal opinion, for reference only. Opportunities and risks abound, always do your research before investing.
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