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Hello this is Matt on the moon Lambo Channel never a dull moment in crypto I'm going to share with you some Perspective regarding the latest Developments including a liquidation Event in the world of crypto led by Bitcoin yet again we keep seeing this When are we finally going to blast Through with confidence through these Most recent all-time high levels uh cuz Uh I tell you what alt season going Completely bananas from here is a Virtual Inevitability and I don't know about you But I am ready to see this thing moving Here also want to share with you Perspective from a couple different Chart analysts specifically talking About xrp including one who says in the Short term you can expect up to $6 xrp And again in the shortterm $6 xrp and Also another top analyst who says you Know uh we actually might see a cycle Peak for xrp within the next 3 months Roughly so we might not have to wait That much longer and you know when you Hear something like that and you see That xrp hasn't had even an initial Surge to the upside it it you know might Sound impossible like whoa are we Getting a little ahead of ourselves well Not necessarily I don't pretend to know For sure it's going to happen in terms Of price action but things happen fast
In crypto it looks like nothing's Happening until one day of wake up and It's just going and either you have Exposure prior to that event or you do Not but once it gets Rolling it it just keeps going and I've Already had some coins pop off like that And I didn't know when some of them were Going to take off but yeah I've had Coins doubling tripling in like a day or Two I'm sure many of you have Experienced that as well so xrp it's Part of the market Market it's going to Happen xrp 2 it's just we don't know for Sure the exact moment it's going to Happen uh but before going further I do 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 or right I'm just an Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun as I Record this video it is 628 p.m. central Time Wednesday uh March 27th 2024 xrp Now at 61 Bitcoin at $$ 69,3 2017 uh Here's a 24hour uh Bitcoin chart so you Can see this morning we had a peakin the Last 24 hours of 71,72 bucks and a quick move to the Downside how many are you are you guys Getting tired of seeing this yet this Has happened so many times over the
Course of the last month you know you Start to get to some sort of not notable Move to the upside for Bitcoin and then Just precipitous fall very very very Quickly I mean look from the from that Top to that bottom it took what Um yeah about 40 minutes that's it People just absolutely destroyed and Liquidated and of course here's 24-hour Chart for XR piece you can see that um Structurally I mean it just did the same Thing it just made the same move at the At the same moment in time so that's not Surprising the AET class moves in tandem Obviously here you have the crypto fear And greed index at 83 out of 100 Indicating extreme greed uh but it Updates just once every 24 hours and it Doesn't update for another half hour Roughly so I'm going to guess it's it's Going to be a little bit lower than that Uh here's a post from onchain analytics Firm Santiment crypto Traders normally hope That Bitcoin and other assets carve Their own market performance path Without Reliance on equities or other Sectors before a change the crowd has Been suggesting that the strong all-time High levels from the S&P 500 and gold Are creating a bullish Divergence for Bitcoin and altcoins to be pulled up From profit distributions from these Other sectors so folks they're saying
And by the way this is posted um just a Little over two hours ago so they're Saying uh with the all-time Highs coming In in another other asset class you're Talking about gold here and you're Talking about the stock market they're Saying that money The Narrative anyway Is flows into Bitcoin specifically and Then they say with bitcoin's whales Accumulating big this week and having Just three weeks out this increased Optimism in today's Perpetual contract Funding rate increase on binance may Have some Merit to predicting where Cryptocurrency goes next uh yeah so I'm Not going to be buying into a narrative Personally that um Bitcoin number go up Because it's being taken from other Places it looks more to me like and and This is normally what you see is the S&P 500 goes and even if Bitcoin doesn't Follow literally down to the second the Minute the day the week Zone and so Forth you have it's just an overall risk On environment so it all goes it's not That something that Bitcoin has to Succeed at the uh at the Peril of Something else Uh so you know it can be that again the Asset classes in terms of performance Don't have to and won't perfectly line Up so if you're talking over some sort Of short sort of a short ter term okay Maybe but I think that regardless it
Just goes we don't need some sort of Crazy narrative here about it um and I Really don't buy into the the having Narrative but I'm going to share I like To share diverse opinions on this Channel so uh is what it is here's Analyst wct Capital Shar this bitcoin Price chart and wrote Bitcoin the Bitcoin danger zone which is the part That's in Orange on the screen there is Where historical preh having R retraces Have begun Bitcoin retraced 18% since Entering this danger zone as a result This danger zone has come to full Fruition so unless Bitcoin experiences a Second preh hav retrace which has never Happened before the danger zone is over And so take it for what it's worth you Know it doesn't mean we can't but he's Saying it it' be a first in history okay Fine but as far as it being specifically Because of the having I don't know maybe It's just more like a chart formation's Playing Out uh here's a post from chart analyst Credible crypto and by the way this is At 148 a.m. this morning so uh well Before we had the liquidation event Today and um he was expecting some Negative price action we sure got it he Said still in the head short on bitcoin We have a rise in funding within this Range with a ramp in open interest from The last uh Spike up more liquidity
Probably resting lower below the origin Of the last pump green box is where Those Longs probs capitulate and at Least to the this moment so he's talking About you know you're around 66,000 or So we haven't gotten quite that low but It seems to be holding at this level Which is pretty good and pretty Impressive frankly uh here's a post from Chart analyst jelly who wrote Bitcoin Just destroyed more leverage while Holding above the 2021 cycle High Patiently holding onto my bags pretty Sure this pops higher towards new Alltime highs soon don't get shaken out And so that's pretty cool I mean I've Been saying stuff like this recently Because it just keeps striking me that We're at these levels we haven't had Full-blown retail Mania and bitcoin's Just holding and it's what you expect From from one cycle to the next but it's Just fun to be living through it and Seeing yeah that is indeed what's Happening here so but wait till it goes Because you know when you're talking About the upper 60,000 which was the top Of the last Market cycle historically Even when Bitcoin gets above those types Of levels from cycle to cycle uh it it It takes a while to actually break Through that with conviction to get Another major leg up so we're waiting For that to happen but this is normal
Just seeing it kind of chop about here Yeah histo nothing but tons of historic Precent i' indicate we should be Expecting them that's what we're getting But it's neat to see that it's it really Does have that level of strength here Even though we haven't had a clean burst To the upside well above that uh here's Another post from jelly Bitcoin is about Three weeks away from its next having Event after its strongest start of the Cycle ever if patterns repeat we're About to embark on a moon mission $100,000 Bitcoin coming sooner than you Think here's a post from chart analyst Ali Martinez and he posted this this morning 8:03 a.m. so just a little bit before The liquidation event this morning and He said the most significant resistance Barrier ahead of Bitcoin is between $70,100 and $7,600 where 292,000 Addresses uh 397,000 Bitcoin if Bitcoin Can break past this barrier it will Likely March toward new all-time highs Uh here's a post from chart analyst Krypt uh this is a Bitcoin price chart And he uses uh images of I guess let's Call them people indicating moods when Bitcoin is in uh in certain areas Directionally doing certain things so Price go up smiling humans and then uh Price go down people looking a bit
Frazzled to say the least and he's just It's basically another way of Articulating the psychology of the Typical retail Speculator that's pretty Much what he's getting at here and then He says this is you with 3 to 5 days Reflections you are struggling in tiny Red candles this does not help you Either you are constantly complaining You have no choice but to wait and Manage your psychology well otherwise You'll miss another crypto season They're all up and mine aren't wait they Will be so folks isn't that a sentiment That we always see we certainly see it In the xrp community but other coins are Up and mine's not and I insist that is What happens in every Community because At any given moment a when a coin's Popping it's probably not going to be Something you own so you can get this Feeling because there are over 20,000 Different cryptocurrencies in existence You hold a tiny percentage of total Cryptos and if things are going to be Popping off pretty consistently the odds Are it's it's almost a certainty that Whatever's going off in the moment you Don't But people just they feel like they just Basically get emotionally beat over the Head with this stuff and seen it well I Picked all the bad stuff no that's not How this works got to let time pass and
Then he says what if it doesn't happen This time it will happen this time if You think differently you can get out of The market how many impatient people Like you have swallowed the market yeah So that message is in line with what I I Always say because I firmly believe it That's why I wanted to highlight this What if it doesn't happen this time so Xrp is just not going to go consistently For over a decade xrp has been number 10 In market cap because that is an Indication of the the market genuinely Valuing xrp thinking it's great it makes Sense for it to be up there which is Super rare but it's just not going to Happen for xrp this cycle even though Clearly the whole world agrees broadly Speaking that it makes sense for xrp to Be up there in terms of market cap but It it's just not going to happen I just I don't buy That uh here's a post from cryptol Xrp Crypt total market cap so it's xrp Priced in crypto total market cap and it Looks dismal doesn't it and I'll just Keep highlighting this stuff and he Shared this this morning before the most Recent liquidation event but it's what You see it's the same type of of uh you Know um Insight that you can gain from Looking at the xrp BTC chart and when it Looks most dismal historically this has Been the moment where before it goes
2017 2021 I will continue to highlight This uh here's a post from Mikey bullk Crypto altcoins market cap is preparing To transition to the Final Phase that Will initiate explosive rallies across Alts given the previous cycle data alt Season 2024 is about to get interesting Folks yep which is why I'm just going to Sit here and wait because I don't know For sure when stuff's going to happen But I know the environment that we're in Seen this many times before firsthand uh Here's another post from analyst Mikey Bu crypto talking about xrp price Targets in the short term here he wrote Xrp it has concluded its retest and it's Now preparing for an explosive upward Move targets $1 to $6 and so folks that's that's a Short-term xrp price Target $1 to $6 Pretty broad range and fair enough and When it does go I mean it really just Goes this is what we saw in each of the Last couple Market Cycles don't be Surprised when it inevitably happens Again xrp will be participating and has Been to this point in this in this Market cycle absolutely here's a post From chart analyst ereg Krypto talking About xrp xrp ASO which is the a average Sentiment oscillator 122 days cycle top Here's the latest update on the ASO Chart a chart I've been sharing with you Since
2022 previously I accurately predicted The bullish cross date and now I'm Highlighting a crucial period for Action Regarding the xrp cycle top historical Data indicates a consistent time frame Where the cycle top occurs around 275 to 273 days after the bullish cross The big question now is whether this Time will follow the usual pattern or if It will Diverge and so folks this is um I always Find this interesting because it it Makes tons of sense to just say here's What happened TimeWise in the past if We're to see history more or less repeat This is what it would look like which is A little bit different than just Outright saying I predict this is Outright going to occur but if you do so It's it it's worth drawing conclusions For the past that's fine and he's just Saying if indeed we see history kind of Play like it did last time uh things are Going to be looking really good for xrp Very soon and so he also wrote current Assessment currently about 152 days have Passed since the 274 day Mark leaving us With approximately 122 days remaining in The cycle based on historical ASO data It suggests that the cycle top might Occur around July 1st 2024 xrp Army stays steady if we missed The above mentioned time frame then I Can say with high degree of confidence
That this time is different okay so if It does follow along that timeline then We've got about three months Max until We see the the cycle top that would that Would be something so I don't know if That's going to happen I don't know if We're we're just going to see xrp rock It off take a little bit of a breather And then rock it up again because that's Happened each of the last two cycles but Either way the more important concept Whatever you think is most probable Regarding this is that of course xrp Will be participating that's that's what Matters most uh here's a post from chart Analyst JD talking about xrp says xrp Still within structure in dumb money are Complaining glad we bought during the Calculated levels instead of buying the Irrelevant news narrative riddles fair Enough on that and this is just an xrp BTC chart we have on here um and and Here's the xrp BTC chart so I'll note a Couple things here um where I'm circling Right now leading up to March 11th this Is were tons of analysts in the days Leading up that are saying hey xrp Breaking above a particular trend line And it looks like it's bottoming out Here which we've seen uh in in previous Market Cycles xrp BTC pair looks abysmal And then it it just Rockets up so There's of course totally acknowledge There's no guarantee that this was the
Bottom but this is what all sorts of Analysts have been saying to watch for And even though um we didn't continue to See higher lows here there's one here And here and then this one could have Been one we've seen uh the the Xtra ppdc Pair continue to look a bit less Impressive but it's still above that That low back on um on on Monday March 11th so take it for what it's worth um But but either way like even if the Analysts that thought that that was the Bottom were a little bit off it doesn't Change anything from um you know a Conceptual level of what happens this Market cycle alt season yes you know Well of course Bitcoin Blaze Blaze way I Won't be surprised if we see you know $100,000 plus Bitcoin and of course alts Are ultimately going to take off and Exra is just going to be bor of it so is What it is uh xrp BTC chart looking Better than it did on the 11th and that Was a key level that all sorts of Analysts said we should be watching for So just see what happens here but this This time is not different I'm not a Financial advisor you should not buy or Sell anything because of anything I say Or right that would be a very very very Bad idea until next time to the Moon Lambo
