12h time frame
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1CAT is building the second leg of a potential big double bottom, which show a critical resistance around $0.012, also the neckline of DB. Standard method to estimate target from a double bottom would get $0.0196, that is the 200% Fibonacci projection. Furthermore, if we consider the GameFi/BTC L2 potential that 1CAT possesses, there is more...
1h time frame
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1CAT is retesting the support of the rounding bottom and 0.382 Fib Retracement. Also, 1CAT is creating a small uptrend line from those two wick lows. Further, the structure of previous high around 0.15 is helpful for us to see as critical resistance, if 1CAT go above it, next is 0.02.
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TP: 0.015 /0.02
SL: 0.0068
2h time frame
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1CAT increased by 200% since we shared the trading plan on Feb 11th, link as below.
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Now, 1CAT is creating a potential cup and handle which is a continuation structure, that means 1CAT will go to 0.015 if break above the neckline of this CH structure. Considering the risk and reward ratio is not good if put entry at neckline, we can set entry at...
Bitcoin Cats (1CAT), the GameFi platform for the Bitcoin ecosystem.
The BRC20 Ordinals-based ecosystem is now listed in the Bitcoin Ecosystem.
BitcoinCats, a GameFi platform based on Bitcoin, utilizes Bitcoin Assets (BRC20, Ordinals NFT, etc.) mapped to Ethereum and other layer-2 networks.
It introduces play-to-earn (P2E), staking, farmland, SocialFi, and more...
1h time frame
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1CAT is creating a potential rounding bottom, there is an obvious accumulation zone around 0.004, and will complete the structure once 1CAT break and retest 0.0075. So we can split fund into two parts, first one is buy 1CAT below 0.004, next is the timing that 1CAT retest 0.0075 after breaking it up. Also, according to a standard rounding bottom,...
BITGET:1CATUSDT
This idea has a medium-term profit target.
All targets are indicated on the graph with a red eye.
- Risk 0.5% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
