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- Rise Of The Sh*tcoins...
Rise Of The Sh*tcoins...
What's The Current State Of The AltCoin Market?
We recently discussed the current state of Bitcoin, from a Technical Analysis Perspective…

So, What’s The State Of The Altcoin Market, Now?
Historically, once bitcoin went on a bull run, the entire altcoin went mad and followed.
Many of these were useless coins, hence known as ‘Shitcoins’
These, however, are usually the best money makers, going from 10x, to 100x And Beyond, in value…
Lets take a pause, and take a look at an update, on one of our portfolio coins we covered in the article below, just this week!:
At the time of the article, this coin was trading at $0.07 —> this currently trading at $0.15, just TWO Days Later.

The chart above says it all! Stay tuned for more Premium Reports and an insider look, into our portfolio!
So Then, Will Altcoins Continue To Go Up?…
As we said, everything we discuss, is not to be taken as financial advice, so do your own research… but we can only analyse what the market is telling us - as and when it is making the changes.
Everything is a game of probabilities.
At the Crypto Cartel, we use multiple factors, from market sentiment, to what the public perceptions are, to what the charts are telling us!
We’ll start by looking at the ENTIRE Crypto market cap - Excluding Bitcoin.
Here, we can see the previous bullruns.
We’ve marked these out on the chart below…

As you can see, there is a peak in 2017 (which at the time, was massive.)
The 2021 bull-run however, makes this looks tiny!
This is natural in any market; as the field becomes more and more mainstream, and more money comes into the market over time.
Now, looking at where the current price is, does this look like a peak to you?
If trends continue the way they are, we would expect this to significantly supersede the previous peak, as a new giant.
In our OPINION, this is no where near the peak of a Bull Run yet.
That’s not say, there wont be ups and downs along the way…
What Is The Current Sentiment?: GREED

Well, as you can see, there is greed in the market… I mean take a look at the example below…
Peak absurdity isn’t quite here yet… But we’re getting there
We could potentially see some bearish activity in the short-term…
The Cartel however, makes our moves based off longer term, so we can sit back, relax, and watch the cards play out, rather than worrying all the time
The long term plan remains the same!