Copy Trading Master’s Winning Strategies Review — Episode 62
Easy Copy, Smart Trade! Discover the winning strategies of our popular traders.
- Copy Trading Master’s Introduction
User Nickname: BlingBling~
Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader?id=LBA3D77565
Trading Style: Swing Trading
2. Trade Operation Recap
We use a full-position long on OPUSDT perpetual with 10x leverage, entering at 1.574 USDT and exiting at 1.7722 USDT. This trade yielded +125.93% return, as illustrated in the chart below.
3. Trade Review
3.1 Market Background
On October 4, the U.S. Bureau of Labor Statistics reported that U.S. employment surged by 254,000 in September, significantly beating the forecast of 150,000 and surpassing all economists’ predictions. This marked the largest employment gain since March, accompanied by an unexpected drop in the unemployment rate and accelerated year-over-year wage growth. Media outlets described the non-farm payroll report as exceptionally strong, with September’s non-farm employment rising by 254,000, the unemployment rate falling to 4.1%, and upward revisions to the July and August figures totaling 72,000. The strength of the September jobs report could rule out the possibility of the Federal Reserve’s FOMC cutting interest rates by 50 basis points in November.
On October 10, new data from the U.S. Bureau of Labor Statistics showed that U.S. inflation reduction efforts stalled in September, with both the overall CPI and core CPI exceeding expectations. The annual CPI rose by 2.4%, down slightly from the previous 2.5% but above the expected 2.3%, marking the lowest level since February 2021, primarily driven by declining energy prices. On a monthly basis, CPI rose 0.2%, matching the prior month and surpassing the forecast of 0.1%. The core CPI (excluding the more volatile food and energy costs) increased by 3.3% year-over-year, slightly above both the forecast and the previous value of 3.2%.
3.2 Trade Analysis
Between October 1 and October 15, Bitcoin’s 4-hour chart displayed range-bound movement before a sharp upward spike, with prices fluctuating between $66,500 and $60,000. See pictures:
On October 4, a report revealed that U.S. employment surged by 254,000 in September, far surpassing the forecasted 150,000 and marking the largest gain since March, while the unemployment rate unexpectedly fell.
On October 10, the U.S. Bureau of Labor Statistics released data showing that the downward trajectory of inflation in September had stalled, with both headline CPI and core CPI exceeding market expectations.
The robust September non-farm payroll data, combined with persistent inflationary pressures, dampened expectations for a major rate cut in the near future. This led to continued declines in the cryptocurrency market.
On October 11, Bitcoin swiftly fell below the $60,000 threshold, reaching a low of $59,000 before bouncing back. On the same day, OP mirrored ETH’s sharp rise, with its price climbing from $1.48 to around $1.55, forming a “head and shoulders bottom” pattern. At this point, the technical indicators confirmed a “bottom,” signaling an opportunity to go long.
On October 11 and 12, OP saw a steady yet volatile rise, while the broader cryptocurrency market also staged a notable rebound.
On October 14, tensions between North and South Korea showed signs of “escalation.” During the Asian trading session, BTC surged unexpectedly, with the cryptocurrency market seeing gains across the board. OP experienced another sharp intraday spike. Given the heightened market anxiety and growing risk-averse sentiment, alongside the significant gains already seen in the cryptocurrency market, it was time to close a portion of the long positions in OP.
3.3 Winning Strategies Summary
In early October, U.S. non-farm payroll data for September was released, revealing a stronger-than-expected increase and a decline in the unemployment rate. Then, on October 10, the U.S. Bureau of Labor Statistics reported that September’s inflation reduction efforts had stalled, with both headline CPI and core CPI exceeding forecasts. The combination of robust employment figures and persistent inflation reduced the market’s expectations for a major rate cut in November, resulting in a drop in the cryptocurrency market. Bitcoin tumbled to around $59,000 that day.
Given that the market had already been trending downwards, much of the bad news had been priced in, and this second sharp dip marked a turning point for a new market trend.
During periods of rising investor sentiment, good news is often amplified, while bad news is diminished. Investors become increasingly optimistic, and the market reaches its peak in the midst of this enthusiasm. In contrast, during periods of declining sentiment, negative news is emphasized, while positive news is downplayed. The downward market movement mirrors the sentiment upcycle in reverse. These fluctuations in investor sentiment lead the market to bottom out during times of despair and reach its peak in periods of exuberance.
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/lbankcom/
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/
