Copy Trading Master’s Winning Strategies Review — Episode 26

LBank Exchange
3 min readFeb 23, 2024

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

  1. Copy Trading Master’s Introduction

User Nickname: BlingBling~

Trader’s Profile: https://www.lbank.com/zh-TW/copy-trading/lead-trader/?id=LBA3D77565

Trading Style: Swing Trading, Short-term Trading

2. Trade Operation Recap

Long CFXUSDT with 20x leverage in cross mode (medium-to-long term trading), opening at 0.1883 USDT, closing at 0.2389 USDT, achieving a profit of +537.17%. See the chart below:

3. Trade Review

3.1 Market Background

On January 26th, data released by the U.S. Commerce Department showed a preliminary annualized quarter-over-quarter GDP growth of 3.3% for Q4, slowing down from Q3’s 4.9% but significantly surpassing the market’s 2% expectation.

Following the Federal Reserve Chair Powell’s indication on February 1st that rate cuts might wait until after March, with three expected cuts this year — fewer than the market’s anticipation. On February 2nd, U.S. non-farm employment for January saw an addition of 353,000 jobs, nearly double analysts’ forecasts and marking the largest monthly increase in a year. The employment figures for the previous two months were revised upwards by 126,000, with the unemployment rate holding steady at 3.7%.

On February 2nd, data released by the U.S. Bureau of Labor Statistics showed that U.S. January non-farm employment increased by 353,000 people, far exceeding the general expectation of 185,000 people and higher than all analysts’ expectations, with December’s employment numbers revised from previously reported 216,000 people to 333,000 people. The unemployment rate remained at 3.7% for the third consecutive month, lower than the market expectation of 3.8%.

After the non-farm data was released, traders lowered their expectations for the Fed to cut rates. The likelihood of a rate cut at the Fed’s March meeting is about 20%. The market also lowered its expectation for the number of rate cuts this year, expecting about five rate cuts this year.

On February 13, the U.S. Bureau of Labor Statistics released higher-than-expected Consumer Price Index (CPI) data for January. The U.S. January CPI increased by 3.1% year-over-year, higher than the expected 2.9%; January CPI increased by 0.3% month-over-month, higher than the expected 0.2%. The U.S. January core CPI increased by 3.9% year-over-year, higher than the expected 3.7%.

3.2 Trade Analysis

From January 26 to February 21, the Bitcoin daily chart showed a rapid rise after surpassing the BOLL midline, as below:

On the daily chart, after BTC rose to around $49,000 on January 12th, it quickly retraced to a low of $38,500. Subsequently, the market started an oversold rebound.

On January 26th, CFX led the market to rise. When the price crossed above the BOLL midline and rose to near the upper BOLL, long positions were opened. After stabilizing, the cryptocurrency market began to rebound. On the 4-hour chart, when CFX rebounded to around $0.25, the price quickly fell. After forming a head and shoulders top, the price fell below $0.22. Subsequently, it entered an oscillating trend, forming a triangular consolidation pattern.

On February 20, CFX broke above the upper edge of the triangle pattern, with the price reaching a high near $0.27. Later, the price quickly turned downward, falling below $0.24. CFX’s upwards breakout failed, and positions were closed. As shown in the image:

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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