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Hello this is Matt on the moon Lambo Channel I'm going to share with you Perspective from several xrp chart Analysts including one who shares what He believes will trigger $10 plus xrp And it seems to be something from his Perspective that is a requirement and You don't have to be a chart analyst to Understand why I I I broadly agree with What he's saying right here and so we'll Get to that um also want to share with You what's been happening in markets Lately uh you know so crypto yeah been Ranging a fair bit for much of the last Week uh but this is against the backdrop Of the stock market bumping up against Alltime highs in fact today more All-time highs hit and understanding the The importance of the correlation Between historically uh how crypto just Moves in tan with equities uh this is Something we need to focus on because it Works like this basically like I've been Saying if stock market's going up then The crypto markets will continue to go Up because they're being treated the Same they're being functionally being Treated treated as as risk on assets so If crypto's going to go up that means That uh bitcoin's going up it leads the Market and if that happens then you know Altcoins are going to move up including Xrp and that's how we finally get to New Xrp Territory so the starting point for
All of this to occur if you want your Xrp uh to hit double digits here which I Think is possible to happen we need the Stock market to continue higher but we Are at this danger zone which I mean There are analysts that have been Pointing out quite regularly and for Long periods of time now that this is a Serious level to watch for and we don't Know for sure what's going to happen so This is kind of like the Make It or Break It moment in terms of finding out What the stock market's going to do and We're going to know sooner than later so It's an exciting time uh for some people A time that's making them feel a little Bit nervous I understand why uh I'm Still just I'm optimistic we'll see what Happens feeling optimistic but uh before We going further I do want to be clear I Do not have a financial background of Any kind I am not offering Financial Advice and you definitely should not buy Or sell anything because of anything I Say right I'm just an Enthusiast who Enjoys making YouTube vide videos about Crypto related topics but just as a Hobby and just for fun as I record this Video xrp is 55 cents bitcoin's 51,3 167 Bucks uh market cap for the asset class A little under $2 trillion uh but we are In extreme greed take a look at the Crypto fear and greed index at 76 out of 100 um so again like I said at the
Outside of this video here uh Interesting time to be in markets uh Look at what's happening uh in uh in Traditional Finance here here's headline From FX Street Stock Market Today us Equities climb on Thursday as S&P 500 Drives into new all-time high and so it Wasn't just the S&P 500 that hit a new All-time high today again it's been Hitting tons of new alltime highs this Year uh was also the Dow Jones and um I Can't recall where uh the NASDAQ 100 up Ended up but uh I think it was like 3% I Don't know that that was a new alltime High um I I meant to check that before Recording so um regardless though it Doesn't matter like it's it's a big day I think it's safe to say that it's uh That it's a big day uh and as far as Confluence of events I'm not going to Read this article but just wanted to Point this out and this has been Discussed in the world of crypto uh here It is from The New York Times stocks in Japan hit record high surpassing 1989 Peak uh congratulations for holding that Long there's a chart of the screen Japan I 20 225 index 35 freaking years to get Just to get back to a new alltime high That's some crazy stuff you know and I I Kind of feel felt bad like a little bit For some of the Boomers you know going Through like the you know the the do Boom and bust you know how how inflated
That thing got in you know early 2000s uh and then finally after start to Get a recovery get into 2008 2009 then You have the great financial collap so You just have like this decade where It's like ah it must have felt like you Just can't get ahead this this looks Like that on steroids like that's crazy And then only reason I wanted to mention It though really is because it's Interesting to see this Confluence of Events um so there was also this so Let's get into a little bit more crypto Focus here and what's happening with Bitcoin because sure fine recent days a Bit of moving sideways but what's the Behavior look like because I still Maintain that even though there's a lot Of excitement in crypto markets and I Just showed you that we're technically In extreme greed today according to the Crypto feur greed index we have not had That many days in extreme greed According to the crypto index there's All sorts of metrics I've been tracking I don't want to spew them all again in This video but there are a lot of Reasons to indicate this clearly is not Like the Euphoria we saw uh during the Last couple Market Cycles so do we just Not get that now where they're like That's not coming H maybe some people Think that but what's the behavior that We're seeing because we know that whales
Act differently than the typical liming Retail speculators right and so you'd Think that towards the end of the market There would be you'd start to see whales Maybe start to distribute right is is That what's happening though well According to kongju who is the uh the Founder and CEO of crypto Quant that's Not what's happening he he shared this Chart and said Wales are accumulating Not Distributing Bitcoin they're getting More um then there was also this from Chart analyst credible crypto uh Mega Bullish at this point he firmly believes We will be see new all-time highs he is Not afraid of uh equities or or crypto Markets tanking anytime soon um and so He sh he shared this bitcoin price chart And wrote The Following Bitcoin Continues to range alt bleeding a bit This is basically prep for the next Major impulse up on Bitcoin in my Opinion and continuation of the up only Regime people should start getting Comfortable with now something like Below would be ideal in my opinion and So he say maybe yeah things go up a Little bit here but then perhaps down Into the what upper 40,000 range Potentially but then rock it on up Hitting a new level perhaps upwards of 56 $57,000 uh he also shared this in a Separate post he wrote more and more
People every day waking up to the idea Of a new Bitcoin all-time high in 2024 rather than in 2025 and so that Would be different and this would Absolut if this happens this this very Strongly plays into uh the the thesis That credible crypto has had for years At this point he's been consistently Been saying the same thing uh you know D That basically dating back to 2018 that Was the beginning of a cycle it's a Prolonged cycle compared to what we'd Seen in the past and as a result it's Possible that we could see a new alltime High uh before the the Bitcoin having Not that it has to he's not predicting That necessarily but he thinks it's more Probable we're going to see a new Alltime high in this year rather than Two 2025 which breaks the four-year Cycle if this indeed Happens I I mean well techn it depends On where it depends on where you're Talking about peeking out though that's What more so what people are are curious About because granted uh in 2020 it is True Markets started heating up and bit Bitcoin started running on a ha but in Terms of like where's where's the market Topping um and especially if you're Talking in the first half of 2024 we're Bitcoin hit alltime high in the first Half that would throw some people for a Loop because that is not what most
People are expecting so I I'm I'm not Making a prediction one way or another Uh I'm just tracking and seeing what People are are saying because it's just Kind of funny fun to track who has the The best greatest hit rate over of Success over a longer period of time uh Then there's this from chart analyst Alley Martinez he wrote 50 he's talking About Bitcoin here $51,500 has now Become one of the most important support Zones for Bitcoin as long as Bitcoin Continues to hold above it there is a Good chance it will advance towards $57,000 and so at the point that I'm Recording this it's not far off from That we'll see what happens then there's Also this from Wreck Capital another Very popular chart analyst in the world Of crypto Bitcoin having in is is in April 2024 next bull market Peak could occur 518 to 546 days after the Having uh Bitcoin could peak in Mid-september 2025 or mid October 20125 Okay so if you buy to the four-year Cycle uh which has made sense to pretty Much everybody in crypto up to this Point then that doesn't sound Bonkers in The least it just depends do you think That that makes more sense do you think That everything collapses from here kind Of like the blockchain backers warning Might happen or do you think that
Credible crypto is correct and there's a You know an elongated cycle right now There are a lot of different Perspectives out there and nobody knows For sure and the most honest analysts Will say they don't know for sure they Have their convictions they have their Leanings which I respect whatever they Think but um you know the one anybody That's insisting they know for sure I'm Like no you don't though no no no you Don't um then there's this from the Blockchain backer okay so we shared this This chart it's the Dow Jones Industrial Average and he's sharing this on a day Where uh we now know that the Dow Jones And S&P 500 hit new all-time Highs and uh and so that's what's here With these you know the red and red and Green chart here and then on the right Is the Uh uh depression at the end of the 20s Stock collapse and So uh the blockchain backer wrote the Dow Jones Industrial Average bubble is Officially the exact same height as the Roaring 20s bubble from the 1920s and then he notes that from 1921 To in 1929 there was a a 54% Increase and so and then from 2009 to 2024 also a 54% increase it's now Equivalent not in terms of length of Time that's not what matters but just in Terms of the progression of this this
Chart playing out and it even visually Looks quite similar doesn't it like very Similar especially in some notable like Truly Key Parts here that is history Rhyming with itself I mean you can't Deny that right I mean that's something There So then the the question is is it Actually going to keep running Here uh see that and see that's the Thing so not to scare people I'm going To share with you a couple of Perspectives because there are a number Of reputable sources including the Blockchain backer who are just warning Uh this could be very bad now he's not Saying it with certainty he does think He does say that this is his base case And he's laid out in great detail in his Channel all the reasons from a technical Analysis perspective why he believes That this is what's most probable though He acknowledges hey if things run higher Fine he'll be thrilled if they run Higher because that's financially even Better for him and obviously if you talk About Bitcoin actually going on a terar And hit a new all-time high well I mean You know that that's just going to be That many more times better for all of The altcoins which is where let's be Real pretty much all of us are making Our life changing wealth right it's Going to come from the altcoins not from
Bitcoin right so we can still have a fun Rally without that potentially but if Bitcoin does hit a new alltime high yeah The blockchain backer would be thrilled To see that and he acknowledges it's Possible he just doesn't really think That's prob and he's he's War like he's Just being straight up and Intellectually honest he's just saying Hey here's the data like we should be You know cautious and concerned here I Say fair enough how is that how is that Unreasonable and then there's some People that are just jerks to him still Like I just really grants my gears folks I I I don't care what your perspective Is like as long as there's civil Discourse I like to see people debate Ideas whether it's on charts or what you Know ideas about long-term viability of Crypto whatever it is I just it's it's Fun when people are mocking and Screaming at each other and deriding one Another which is not what the blockchain Backer does of course but I see them Coming at him because he holds a Minority view it's not a popular View And just but you know he was right During the last cycle he said no looks Like bitcoin's about topping close to The $7,000 range and people are making Fun of no he was right absolutely so he Holds a minority position here too Listen though okay I also want to
Highlight this because um this is a Headline from August but uh Bitcoin Miring 1930 stock market crash Tech Progress from nearly 100 years ago Bloomberg analyst and there's I don't Want to read this but I just want to Make a broader point they're talking About Bloomberg uh analyst Mike mclone Very well known in the world of crypto And so he was making this point last August and I actually was watching a Video it was a a Scott Miler video The Wolf of all streets Mike mclone was on His channel just this afternoon and he's He's just warning he's like hey you know Dow Jones it's looking like 1929 it so I'm just be clear this is not Only the blockchain backer that is a't Saying this and so um I'm trying to Present to you as many like U Perspectives as I can reasonably do so As long as I don't think they're bat s Word crazy and this isn't so I don't Pretend to know what's going to happen But I'm just warning like there are Absolutely multiple reputable people That say that this could be problematic And again Mike mclone literally say Saying this in a stream this Afternoon uh here's chart analyst um or Maybe he doesn't call himself chart Analyst but analyst txmc Um he he looked well I mean he he get Some charts up but like a lot of stuff
On a macro scale too very smart guy used To be with glass node and um this is Kind of like a warning he posted this This morning he said I think Bitcoin and Equity markets are near their highs the Pico Wick may not be printed but we're Within spitting distance if not alts Look to still have some Runway but in my Opinion not a new Full 2021 style cycle Almost no one agrees which is what I'd Expect at an inflection Yes I am invested before you ask yes I Will still extract from the market if This view is wrong but I don't think I Will be wrong when all is said and done Okay so intellectually honest human he Thinks he's right he has strong Conviction and as as well he deserves to Have he acknowledges there's a chance he Could be wrong he just doesn't think That's likely now I want him to be wrong And he probably would like himself to be Wrong because you know that that's Financially better for him and US Everybody right but uh uh he's he's Another reputable guy out here just Saying hey this is kind of a scary point Now if we burst through this like I will Feel much more relieved because I've Been on penss and needles just as much As anybody else even though I'm Optimistic I'm optimistic but I it's Where we're at right now because I Understand what this means for all of my
Crypto Holdings because for crypto to go We need the stock market to keep going If this thing starts tanging that's Going to be one indicator these these Asset classes move in Tandem and and so that happens I'm not Going to be as confident about xrp Hitting a new alltime high anytime Soon now uh there's also Frey xrp Community member Frey who has been in Crypto since 2011 actually that's when He first picked up Bitcoin and he Actually uh Works in finance like that His career is actually in finance a very Well-informed individual and he does Have a little bit of a different Perspective here he actually doesn't Think that we're going to be um you know Entering some sort of depression got to Be clear so what he did was here you can See if you're looking on the screen he Reposted the blockchain backer post Which I just shared with you a couple Minutes ago where he's highlighting hey This chart formation right now the Dow Jones kind of looks like 1929 just just A warning uh just to be clear the Blockchain backer has said many times he Doesn't mean that there even if there's A draw down or where you enter some sort Of bare territory shortly after this He's not saying that we're going to be In a Great Depression that's not his Argument it's he's not saying that
That's necessarily what would follow He's just warning based on the chart Formation could be bad here now Frey um He's made it pretty clear he does not Think that we're going to be entering Some sort of depression and he notes That recessions are normal he wrote the Following which I wanted to share with You to kind of uh just share a little Bit of a different perspective on this Because he's he's not the least bit Afraid of where we are at with the stock Market or or any anything along those Lines so he said um because we're in a Different moment like there are other Macro factors that are different and so He shared this post from blockchain Becker and Frey wrote The Following And not the same market conditions nor Uh monetarily recessions will come and Normal you will live through many in Your lifetimes recession enters fed will Drop rates as now they have the Ammunition to do so versus none before USD off Gold Standard Printing will Continue and so just noting and I've Shared perspective from other U sources That I find to be very reputable as well Uh even if the charts are very Samy Samsy uh you do need to consider the the Macro backdrop and other things that That are happening and so Frey here is Just noting market conditions not the Same as back then monetarily not in the
Same position and recessions are normal Anyway so is the Fed going to drop rates Now and you know what's interesting if You guys been looking at the um the Prediction markets for when the fed's Likely to cut rates I think it's in July Now especially after the stock market Rallied I I I don't know if it changed Today but I think it's been like the Market seems think that maybe it's going To happen in July but the other day like A week or so ago what was it like you're Expecting it was going to happen in June And if you go even further back at one Point the market was thinking that the The rate Cuts were going to happen in March well son that's like a about a Week Away like then then we're in March so But the market doesn't think that's Probable anymore and so it's just Fascinating the more time passes the Further push back that that gets which It I mean in theory could be good Because like I don't think that if You're if you understand historically What rate Cuts typically mean uh you Know that it's it's it's bad Omen you Know when you get rate cuts from the fed That's because there's something Reactionary from the FED something or They can see that something is basically Broken and then it's in response to that And so then after that happens it's not
Uncommon for markets to just absolutely Tank which has happened the last three Times the FED cut rates and so it's not That the active cutting rates is Triggering the the fall it's not it's That they see something the FED reacts And then the market ends up getting in Line with unfortunately what you should Expect if you know what happened the Last three times that rate Cuts Here I hope that doesn't happen I we're Gonna find out together folks we are Gonna find out together and if you want Your xrp to be worth Fortune let's just Hope that doesn't happen so let's get to Some of this xrp stuff here from chart Analyst cryptos xrp holding significant Weekly support so far we are looking Okay a weekly close at that level would Be Bullish um and then there's also This um yeah here we go this is from Le Crypto and this is one of the things I Was kind of referencing at the outset of The video here basically a requirement For just about you know for xrp to be uh You know running into new all-time highs Here and ultimately get into double Digits and so he wrote The Following I Have two macro Elliot wave counts for Xrp a bullish and bearish one here's the Bullish count note that the bullish Count has a strong prerequisite of Bitcoin surpassing previous all-time
Highs of $69,000 first and then you can see if That happens then he's talking okay Potentially then you're you're talking About pretty safely getting up to $10 Plus xrp and so that's the thing like I'm not a CH guy I don't want to be a CH Guy but it's you don't have to be a CH Guy to understand that every time that Xrp has gone on a crazy run it's because Bitcoin did hit a new all-time high First I'm just not so sure why I should Be confident xrp will behave differently This time if Bitcoin does not and so This particular analyst is saying yeah Absolutely xrp can go over 10 bucks but Bitcoin does need to hit a new all-time High First which you know we'll see what Happens it's not like I'm 100% certain That Bitcoin has to hit a new all-time High but uh I I don't really feel very Confident if it doesn't right I think That's fair and so he's he's thinking The same you don't have to be a CH guy To understand that it's just historical Precedent uh there's also this from Chart analyst Egra crypto and for the Sake of of time I'm not going to share This whole thread here uh but he was Just noting uh it's like an updated Thread he just kind of updates it with Various data from time to time but he's Noting the conviction for him there in
The short term for xrp to $1.40 still Stands but he had another post which I Think you're going to find I well I Found subjectively uh more interesting And I want I want to share this one Spend a little like just a slightly bit More time on this one um but uh this is An xrp BTC chart and look having been Around in crypto for over six years I am Well-versed with the xrp BTC chart Because frequently what happens is even If xrp is not bleeding out against the United States dollar so the price kind Of it's a little volatile mostly moving Sideways maybe a slow Trend down Something like that uh but then what Happens is Bitcoin goes on a tremendous Rally against the dollar becoming worth Way way way way way more and so even if If xrp's just kind of moving sideways It's losing value against Bitcoin and That is when the sentiment is in the Tank it's just that the worst and that's Pretty much where we are right now but That's why I get excited like people Think that's a NE I'm like no I expect Humans to emotionally respond like this On the internet when when when a Bitcoin's rallying and xrp is mostly Move Inside Yes I expect that because Usually when this happens good stuff Happens right after and so there are Four instances on the screen the fourth One would be what we're basically living
Through right now and we'll see where it Bottoms out here but you can see going Back to you know into 2014 2017 2021 you can see what happened when the When X xrp BTC pair looks like this it's It's a good sign it's a because Eventually Market's bottom out and That's basically where we are right now And so Egra crypto wrote xrp sbtc Official Bull Run announcement Historical analysis suggests that the Whitish green box is typically touched Or we Wicked into marking the start of a Bull run this pattern often serves as The official announcement for the Bull Run yeah and so that is he's right that Is absolutely historically what happens He says this would be a great signal and As he called it here official Bull Run Announcement which is a fun way to Articulate we bought their son so while Everybody's actually freaking out right Now I'm like just got to rub my hands Got like yeah let's get it going Son because that's what it's meant in The past and we know that we've been in Bold territory so set aside the whole Conversation which I spend a lot of time In this video going through you know in Terms of whether or not uh we're Actually topping right now I'm just Saying the setup right here historical Precedent like says yeah this thing and When it goes It goes quick and it always
Seems impossible until this happens and Then what happens once it goes all the Naysayers all the negative sentiment They shut their these people they shut Their stupid face holes and it's really More pleasant on the internet then it's It's delightful and everybody's thrilled Everybody gets gets really excited and Eventually Euphoric that's what could be coming our Way right now so sit tight and we are Going to find out together I'm not a Financial adviser you should not bu sell Anything because of anything I say are Right that would be a very very very bad Idea until next time to the Moon Lambo
