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Hello this is Matt on the moon Lambo Channel in this video I'm going to share With you perspective from five different Chart analysts and it's clear to me that We may be experiencing effectively the Calm before the storm and various Analysts are going to have different Expectations in terms of when we hit a New all-time high for Bitcoin though Let's be real we do all expect that's Going to happen right even non- analysts Like me believe that um but this kind of A question is is it actually going to Happen this year could it happen that Quickly cuz things do happen fast in Crypto or are we going to have to be Waiting further in next year and what Does that mean for the price action for Xrp I'll tell you there's one analyst Who says that a15 for xrp is still in Play in the short term and he says that Xrp is actually oversold and I have Another analyst um I'll share with you The full perspective a little bit later In the video but uh still if you're Looking big picture insists that $27 xrp Is still in the cards but uh before 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 Or right I'm just an Enthusiast who Enjoy making YouTube videos about crypto
Related topics but just as a HBY and Just for fun as I record this video xrp Is at 61 cents so much to the last 36 Hours or so in particular has been uh Pretty sideways looking here you got Bitcoin at 36,7 60 bucks uh you got the crypto Fe And GRE index at 69 out of 100 so people Have been feeling the same for a hot Minute here and despite some notable Volatility over the past 7 days it's Mostly been a lot of sideways trading if You look back here but it ain't going to Be St be staying like that for long I Suppose um in fact here's a post and I Did share this one uh yesterday it reads In part this is from credible crypto one Of my favorite chart analysts out there He wrote in part uh Bitcoin is refueled And ready to continue the moon mission And um that was that was literally Yesterday now less than 24 hours later Somebody named Jaden responded to him on On social media platform xen wrote it's Done nothing cred dot dot dot a bit Concerning and again nothing against This individual but um at that point I Think it was about 18 hours later and Bitcoin had moved so just because he's Saying that bitcoin's ready to go right Then it doesn't mean it's going to be at The snap of a finger he's just saying Here's what I'm seeing in the charts Here's the reasons why and I went
Through a lot of that yesterday so I Don't want to reread literally Everything uh but he did respond to that Credible crypto responded to Jaden and Said do not mistake consolidation for Weakness now credible crypto still Thinks the most probable outcome in Terms of Bitcoin price action is a new All-time high this year and he's one of The only ones out there that believes That and I hope he's right sometimes the Minority opinion absolutely is correct You know most famously when I think About that concept I think back to the Blockchain backer he had a a deeply held View which was a serious minority Position and he hit the nail on the head When he called the top for Bitcoin that Was the top and everybody Under the Sun Was calling the blockchain backer crazy He was not crazy he was correct so Credible crypto although he holds a Minority position here doesn't mean Necessarily he's going to be wrong I Hope he's right but timeline can be hard To nail here you know the interesting Thing though is that a lot of other Reputable analysts out there say you Know even even though they don't Necessarily agree that it's likely to Happen this year they think it's going To happen very soon I mean we're at the End of 2023 already time be flying son Um and so to drive that point home here
Is chart analyst income sharks he just Shared this Bitcoin USD chart and he Wrote The Following # Bitcoin I don't See how we don't range here for a bit While punishing leverage Traders and Causing the impatient traders to sell Prematurely some Wicks outside of the Range will most likely be traps and you Know that's actually fairly in line with What credible crypto is getting at Consolidation okay reasonable he's Saying he's saying that doesn't mean That it's some sort of weakness and Income sharks thinks that it's pretty Reasonable to expect that we're going to Be moving sideways per perhaps for the Remainder of this year we'll see what What happens now of course there can be Wild card events that could occur and uh There's something that would be Potentially a big event though maybe you Wouldn't want to call the wild card Because it's so well known at this point But it's approval of spot Bitcoin ETFs And look I'll talk about more about this Probably in a separate video but I'll Just say this even if we do have some Sort of blast off for Bitcoin which is Pretty reasonable to surmise it doesn't Mean that it's going to be something That is long lived not NE there could be A move back to the downside and either Way I don't care that much I mean yeah The excitement's always fun when that
Stuff happens we all we all feel it's Okay to have fun when neat price action Happens but the broader implication the Greater implications for all of us would Be over a much longer time period as Real money Flows In but when the news Breaks that doesn't mean that all the Money that will flow in over the span of Years and decades is now in it will take Time but that is something that could Happen at any moment that can happen This month in November it could happen In December and maybe it'll happen in January the latest it's going to happen If if if I'll tell you if these spot Bitcoin ETFs are going to get approved The current batch we're going to know by March at the latest and and again we're Almost at the end of 2023 so we're not Going to have to wait that much longer So all that to say yes this year we Absolutely could see some incredible Price action even if it's true that we Don't see a Bitcoin a Bitcoin all-time High this year it doesn't mean we won't See incredibly exciting price action This year uh here's perspective from Chart analyst crypto Caesar shared also A a bitcoin price chart USD and he wrote 48 50k is the max I see Bitcoin trading This year all-time high comes in 2024 in My opinion the four years cycle Continues to grind we made this call About a year ago and continue to think
This was the correct call time will tell And so there you go somebody who is Obviously an analyst who's way on the Bull side fantastic happy to see that um Just doesn't think that it's going to be Happening this year and then you always Kind of wonder what are the implications For everything else because of course Bitcoin does lead the market well here Is what chart analyst dark Defender had To say about xrp and this is an xrp USD Chart on your screen and he simply wrote The Following corrective structure in 4-Hour time frame is over xrp is in the Oversold area now we can expect a move To 66.4 n First our five wve structure has not Been invalidated because xrp closed Above the 61. 31 C daily t a daily frame And so again I'll pause and note the Time I'm recording this also xrp is at 60 1.49 and then dark Defender says weekly Frame is in progress we will check Whether it closes above 61.3 and then he he wraps this up by Stating 87 to $15 is still in play so there you go That concept he he insists is not Invalidated here and it looks like that Would be if it's going to happen uh Potentially in the relative short Shorter time frame then you have this From chart analyst ereg crypto and she
Shared also it's just an xrp price chart And he said the xrp The X Factor FIB 1.618 $27 now okay folks just to be clear Doesn't mean it's going to be happening Tomorrow and I don't know if this is Going to be hit during this upcoming Market cycle would love to see it even Though I'll have sold all my xrp well Before that should that occur uh but I I'll be right there champion on Everybody that sells it price is higher Than me that's fine um but I don't I Don't I know if it's going to happen but I don't think it's crazy I don't think That the idea of $27 xrp is crazy nobody Knows for sure how I could go uh you Know this the stuff where where people Start to lose me if if people start to Believe that we're going to see three Figure xrp this Market cycle then you Start to lose me a bit you know if You're starting to get way way way up There um and not that we couldn't see a $100 plus xrp in the future I don't Think that that's crazy either it's just If you're talking about that type of Time frame I mean I just don't think There's going to be no money flowing Into crypto as an asset class that Quickly over the next year year and a Half whatever it might be uh to see that Happen but uh yeah not not crazy big Picture
Necessarily but anyway he continues and He says this upcoming monthly close Holds immense immense significance and Then he shares a couple outlooks the Bearish one first and then the bullish One so here's the bearish Outlook xrp Teeters on the edge of f.5 if November Concludes below it coupled with a Bearish candle formation brace for xrp's Potential drift into the yellow triangle Territory okay that sounds very sad sad But here's the bullish Outlook should Xrp clinch this month's close above FIB Point5 specifically around 60 cents 61 Cents it'll Mark the first monthly Candle closure in an upward Trend and Just pause to note uh that's a very Close price point to what dark Defender Was talking about right and then e GRE Continues and says previous closures Were in a downward Trend recalling the December 2017 candle's top blowoff and April 2021s Bull Run candle and so folks That's an important Point breaking a Downtrend you don't have to be a CH guy To understand the importance of that I'm Not a chy I don't want to be one but This is a very simple concept to Understand and then he says this closure Sets the groundwork xrp's monthly price Won't revisit these ranges it's akin to Constructing a tower found foundations Take time and remain unseen by the Public much like xrp's trajectory xrp
Army stay steady $27 will form the Sturdy Bedrock for future Prices there you go I hope that happens I really do cuz look xrp as you all know It's my largest individual crypto Holding I'm I'm counting on that being a Large part of where the life-changing Wealth comes in for me so uh just going To continue to be patient here but I Think that we really do no matter which Analyst you think is most likely correct Bitcoin always leads the way and I think The best times are yet ahead we've been Waiting so long as a community we've Gone through so much as xrp holders with The SEC nonsense and everything else and Putting up with the toxic freaking Bitcoin Maxi Trolls but we're almost There we we are we've never been so Close 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