Copy Trading Master’s Winning Strategies Review — Episode 27

LBank Exchange
4 min readMar 1, 2024

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

  1. Copy Trading Master’s Introduction

User Nickname: Online

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

Trading Style: Medium-to-Long Term Trading

2. Trade Operation Recap

Long ETH with 50x leverage on cross mode, opening at 2,374.39 USDT, closing at 3,235.58 USDT, achieving a profit of +1813.49%. As shown below:

3. Trade Review

3.1 Market Background

On January 26th, the U.S. Department of Commerce reported that the preliminary Q4 real GDP annualized quarter-over-quarter growth rate slowed to 3.3% from Q3’s 4.9%, surpassing the market’s expectation of 2%.

Moreover, on February 1st, Fed Chair Powell indicated the Federal Reserve might wait until after March to cut rates, with an expectation of three rate cuts this year, below market anticipation. On February 2nd, U.S. non-farm payrolls for January added 353,000 jobs, almost double the analyst forecasts, marking the highest monthly increase in a year, with the past two months’ job figures being revised up by 126,000; the unemployment rate held steady at 3.7%.

On February 2nd, data from the U.S. Bureau of Labor Statistics showed that January’s non-farm employment rose by 353,000, far exceeding the general expectation of 185,000 and all analysts’ forecasts. December’s job numbers were revised up from 216,000 to 333,000. The unemployment rate remained at 3.7% for the third consecutive month, below the market expectation of 3.8%.

Following the non-farm data release, traders scaled back expectations for a Fed rate cut. The probability of a rate cut at the Fed’s March meeting was about 20%. The market also lowered expectations for the number of rate cuts this year, with an anticipation of about five rate cuts.

On February 13th, the U.S. Bureau of Labor Statistics reported that January’s CPI data exceeded expectations across the board. The January CPI increased by 3.1% year-over-year, above the expected 2.9%; the CPI month-over-month increased by 0.3%, above the expected 0.2%. The January core CPI increased by 3.9% year-over-year, above the expected 3.7%.

On February 27th, data from the U.S. Department of Commerce showed that January’s durable goods orders fell 6.1% month-over-month in preliminary figures, marking the largest decline since April 2020, worse than the expected -5%, with December’s figure revised from 0% to -0.3%. January’s durable goods orders fell 0.8% year-over-year. The significant drop in durable goods orders suggests the manufacturing sector may face headwinds, reflecting a broader economic slowdown.

3.2 Trade Analysis

From January 22nd to February 28th, Bitcoin’s daily chart showed a brief consolidation followed by a rapid ascent, as shown below:

On the daily chart, after BTC climbed to around $49,000 on January 12th and then quickly retracted, reaching a low of $38,500. The market then initiated an oversold rally.

On January 22nd, ETH continued to fall. When the price crossed below the BOLL lower band, reaching near the left-side box range (2200–2400 USD), long positions were opened to participate in the market stabilization and ensuing rally.

On the 4-hour chart, as ETH’s price rebounded near $3200, the crypto market showed signs of being overbought. Sectors like AI, Layer2, and Memecoins experienced consecutive rises, leading to a significant price retracement. After the market hotspots rotated, no new hotspots emerged. Bitcoin then entered a broad oscillation, leading to closing positions. As illustrated:

3.3 Winning Strategies Summary

In medium-to-long term trading, it’s essential to monitor changes in market participation interest.

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

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