Copy Trading Master’s Winning Strategies Review — Episode 34

LBank Exchange
4 min readApr 19, 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:

Trading Style: Swing Trading

2. Trade Operation Recap

Long TIAUSDT with 20x leverage on cross mode, opening at 9.8628 USDT, closing at 10.9686 USDT, achieving a profit of +206.59%. See the image below:

3. Trade Review

3.1 Market Background

On April 5th, the U.S. Department of Labor reported an unexpected surge in March’s non-farm payrolls, increasing by 303,000, the highest since May last year, far surpassing the median forecast of 214,000 and exceeding all analysts’ expectations.

The U.S. unemployment rate in March was 3.8%, in line with expectations, down from the previous value of 3.9%. The unemployment rate has remained below 4% for 26 consecutive months, the longest streak since the late 1960s.

On April 10th, U.S. Bureau of Labor Statistics released data showing March CPI at an annual increase of 3.5%, above the expected 3.4% and previous 3.2%. March’s month-over-month CPI rose by 0.4%, surpassing the expected 0.3% and matching the previous value.

The core inflation, which excludes food and energy costs and is more closely monitored by the Federal Reserve, increased by 3.8% year-on-year in March, higher than the expected 3.7% and unchanged from the previous value. The core CPI increased by 0.4% month-on-month in March, higher than the expected 0.3%, and remained unchanged from the previous value. January was also at 0.4%, marking the third consecutive month of exceeding expectations.

Minutes from the Federal Reserve’s meeting released on April 10th suggested that officials see the policy rate nearing the peak of this tightening cycle, with almost all agreeing that rate cuts could be appropriate later this year if economic developments align with their forecast.

Robust job data and higher-than-expected inflation figures in March quelled expectations of a Fed rate cut in June, prompting markets to bet on a delay in rate reductions.

On April 14th, the Islamic Revolutionary Guard Corps announced a significant missile and drone attack on Israeli targets, claiming retaliation for numerous “crimes,” including an April 1st missile attack on an Iranian diplomatic building in Syria.

On April 15th, Israeli Chief of Staff Aviv Kochavi said that Iran’s missile and drone attacks on Israel “will be met with a response.” After several hours of discussion that day, the Israeli wartime cabinet decided to retaliate against Iran’s previous missile and drone attacks.

3.2 Trade Analysis

From April 1st to April 17th, the 1-hour chart of Bitcoin showed a breakout above the upward trend line after consolidation at highs, followed by a downtrend along the channel. The conflict between Iran and Israel caused panic selling, followed by a rebound. See the image below:

On April 12th, on the 1-hour cycle of Bitcoin, the MACD indicator showed a bearish divergence, and the trend line (orange line) was about to break downward. Subsequently, Bitcoin broke below $68,000, and the entire cryptocurrency market fell. Bitcoin’s price then fluctuated widely between $66,000 and $68,000.

In the early hours of April 14th (local time), Iran launched a large-scale attack on Israeli territory, causing a sudden escalation in the Middle East situation. Cryptocurrencies plunged in response, with Bitcoin plummeting more than $6,000 and experiencing an 8% intraday drop, followed by a slight rebound.

On April 15th, the cryptocurrency market was in a weak rebound state after the overall decline. Although the market experienced a sharp decline the previous day, TIA showed strong performance, relatively resistant to the downturn.

During the Asian session on April 16th, the price of TIA rose to $10.77, then quickly fell back. On the 15-minute chart, a triangle convergence pattern began to form. As prices approached the lower edge of the triangle, it was an opportune moment to go long; the following day, prices continued to rise, peaking near $11.5. Profits were taken incrementally during the pullback. See the image below:

3.3 Winning Strategies Summary

During overall market downturns, it’s crucial to close long positions promptly and refrain from bottom fishing. As the market sentiment turns pessimistic and most cryptocurrencies perform poorly, if a strong currency begins to resist the downturn and starts to rise, it should be added to the watchlist.

Subsequently, when BTC begins to oscillate, and cryptocurrencies from the watchlist exhibit stable trends and either breakouts or breakthroughs followed by pullbacks, it presents an opportunity for swing trading.

If the cryptocurrency market starts to rally strongly, holding positions can be continued; conversely, if the market rebound is weak, it’s time to consider selling.

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