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Hello this is Matt on the moon Lambo Channel there are tons of reputable Chart analysts out there and I follow Lots of chart analysts and pretty much All of them are screaming in unison hey Really reasonable chance perhaps it's Probable that we're going to see the Market tank a little bit lower led by Bitcoin uh that does mean that you see Uh the price of xrp in United States Dollars moving to the downside uh in Tandem no question about that a question There so then you there of course going To be some people thinking well look is It's one of those things again you know Xrp outperforming yesterday in United States dollarss now it's just back down We keep seeing this well no no no not Not so fast here although yes in terms Of United States dollars it's going to Look bad for xrp if Bitcoin indeed Continues to tank further do you know What actually matters more than that you Don't have to be a TA guy to understand This xrp BTC pair and what's fascinating About that is that it's been turning up For the last week and a half to two Weeks right at this moment I'll show you The chart a little bit later on but it's Been trending up uh since tons of chart I highlighted this on my Channel at the Time tons of chart analysts said hey it Looks like um the xrp BTC chart it's Flipping above a trend line here which
Has been a critical moment over the past Few Market cycles for xrp you know back In 2020 the 2021 cycle back in 2017 uh When it hit this moment that was roughly Speaking a moment in time where it just Ripped to the upside it didn't mean that It had to be right that day the next Week so on and so forth but it did mean That the chart was indicating yep it's Time that is where we are now now and What is neat to see despite uh United Stat you know xrp going down in terms of United States dollars assuming Bitcoin Does as far as the xrp BTC chart we're Making higher lows it's going in the Right direction which is to say that if Bitcoin's going down xrp ain't going Down as much that that's what it's That's what it would mean as long as This persists here it doesn't mean that Xrp price in Bitcoin goes up in a Straight line and I'll show you that too But you do get higher lows and that's What is of of critical importance if the The past and those last major Mark cycle Market Cycles mean anything the data That there within then yes this is of Critical importance so it's actually a Positive message on the on the whole uh We are nowhere near a Mac or top for This thing 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 enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun at the time I record this Video it is 5:41 p.m. central Time Friday March 22nd 2024 xrp is 61 cents Bitcoin 6327 bucks um you know Market popped Yesterday you know Bitcoin got up to What uh I think it didn't it get up to Like $68,000 it may have been a little Bit fur that Um yeah Um yeah it did yeah that that's yeah There there's CH from yesterday got it Got closer yeah that's I remember that Now I even talked about in video Yesterday uh Bitcoin peaked above $68,000 uh 24-hour low of 6,546 bucks so it's been trending down And people are like wait a minute wasn't This supposed to be because it went up Pretty quickly isn't this supposed to Show that there is such sufficient Strength that it's just going to Continue moving to the upside well Apparently not at least not at the Moment um here's a a post from uh chart Analyst techdev um just I I really Appreciate the data techdev puts out There it's an always insightful Perspectives to 440,000 followers on
Next for a reason here and so we shared This chart and wrote The Following here Are the implications of this chart Bitcoin which is the one in Orange at The top has foreshadowed altcoin Relative performance which is the white Line right below it uh every step of the Way for Years now it's struggling uh I'm sorry Suggesting now it's suggesting alt out Performance is about to take off for the First time since January 2021 so you can See since it lags behind the circle in Green he's saying that's that's where we Were in Bitcoin at that moment in time That's where we are right now for Alts so if history is to more or less Repeat itself then this is the moment so We had the reaccumulation we had a long Period especially throughout two you Know parts of 2022 2023 big accumulation Period and now if you want to call this A reaccumulation period because the Market has gone down a little bit that's Basically where we've been it's just a Little dip in Opportunity uh before Moving to the upside which is what I Think is most probable I don't pretend To know exactly which day it will be Nobody knows for sure but look at how Things have been playing out for I mean This Tru goes back about a Decade the market moves in tandem so if You if you think this this time's
Different and ALT won't follow Bitcoin I Think you're bananas you got your damn Mind son it's going to happen so this is Not a time to be fearful even if Bitcoin Does move to the outside uh to the Downside that's why I wanted to Highlight that earlier on in the video That's important here's a post from Chart analyst pentoshi 77300 followers On X for a Reason and um this afternoon he wrote I Don't believe there's any reason to Believe the macro top is in I also don't Believe we've had a true alt season Where Bitcoin dominance goes down if This cycle is anything like the past for The most part that will happen after the Bitcoin top we've had months of up only And pullbacks are part of the larger Uptrends just my two cents I have no Alts to share with you as I've tried to Avoid that for the most part and so I Wanted toti towards the beginning part Of this video in the first half roughly Highlights that even though I'm about to Share with you some negative sounding Perspectives as it pertains to Bitcoin In the short term which no doubt will Hit xrp should these uh you know Negative expectations Unfold it it's not going to Matter sharing this that you don't have To be in fear should this become reality Should we see a further move to the
Downside it's it's not most probable so Say tons of chart analysts that this is Somehow the end I'm just sharing with You information uh so here's a post from Chart analyst credible crypto and this Is just a Bitcoin USD chart this morning He wrote rejected off red as expected so That was uh in the $68,000 region that's What he thought was going to happen and Then he says has to hold here if we are Going to avoid the range lows keep in Mind visiting range lows is not Necessarily a terrible thing either Let's see how price action develops and So we acknowledges that um could go even Lower but not the end of the world not The least bit scared Here's a post from chart analyst Matthew Highland he said Bitcoin unable to hold Support thus invalidating inverse Head And Shoulders a test of the lower range Likely Bulls ultimately ultimately would Need to close back above support before Daily close uh currently below there's Another example of an answer says yeah Probably going to go down uh here's Chart analyst love crypto Bitcoin more Weakness heading into end of March Here's a post from chart analyst jelly Bitcoin is forming a descending wedge at Key support if this formation plays out We could see one more stab at the lows Before pushing to the pattern's Target Of
$70,000 your best bet is to watch things Unfold and wait for the correction to be Over slow and steady and so folks uh Lots of analysts saying this stuff it's Not a promise that the price will go Lower but they think that there is a Reasonably good chance that we actually Are going to see that so get ready for Xrpusd to go down along with the rest of The market but it'll be interesting to Continue to watch xrp BTC that Particular pair which I'll get to in Just a minute here hang with me because It's looking good so far honestly it Really is and that's more important from A historical perspective to be aware of That and where we are in the market Cycle um here's a post from uh chart Analyst altcoin Sherpa Bitcoin support Gets weaker and weaker the more times it Gets tapped it's similar to a ball where You drop it on the ground the first Reaction SLT is always the best and the Proceeding bounces are weaker and weaker Fingers crossed that this 60k level Holds and so uncertainty here Acknowledging that it could break Not a high level of confidence that this Is Great uh here's a post from chart anal Nebraska goon not a good sign that Bitcoin retracing the whole pump from a Couple days ago we should have taken More notice of the Euphoria present at
That level uh was higher than when Bitcoin was above $70,000 and so not Looking so positive in the short term so Says he another analyst I'm just showing You there's a lot of people feeling this Way here's wrecked Capital Bitcoin since The November 2022 bare Market bottom Bitcoin has offered four retraces that Were barely over 20% deep So 20% to the Downside uh February 2023 negative 23% April May 2023 211% uh July September 2023 -22% January 2023 -21% this current pullback is only the Fifth major Retrace uh since the 2022 bare Market Bottom Bitcoin has pulled back almost 18% thus far and so there's there's room If it's going to be more in line with The other dips I think one of the points You might be kind of insinuating here is That there's a room to go a little bit Further and maybe that happens it's just I'm I'm just sharing with you I don't Think it's a reason to be fearful and it Doesn't mean there's something wrong With xrp which will follow if Bitcoin Goes down that's a certainty I mean Virtual certainty right it's not going To matter uh here's a post from chart Anal Michael vop Bitcoin still Correcting down my main thesis is that We've seen the prehab hype and that We're going to have a long massive bull Market anything in the lower boundaries
Means buy opportunity interested in Buying dips on altcoins too and I will Say if Bitcoin Dives sufficiently and Altcoins dive sufficiently as a result Um I I've got some more capital I can Deploy I put I deployed a lot with this Most recent dip but if it gets into the That area again or even lower I will be Interested again for sure because my Strong expectation is that this Market Is going to continue to move to the Upside it' be very surprised if it Doesn't there would have to be a Black Swan event in order for that to happen As far as I'm concerned now here's a Post I shared yesterday this is on xrp BTC it's from chart analyst credible Crypto we shared it yesterday morning at About 48 minutes in on my latest video Update I talked about how xrp BTC may See a low time frame move back down to The orange Zone before expansion and That this is nothing to be concerned About and that's the first screenshot Which is on your screen now you'll Notice that is exactly what we have got So far and we are now seeing a nice move Up off the second screen off of it which Is the second screenshot which is this One now and so it's been moving and this Is the trend indeed that we've seen and Um you can actually see it on this chart Going back to the left so right here Where I'm circling this is this is the
Part where chart Analysts were were saying hey it looks Like uh this xrp BTC chart looking Pretty damn good it looks like it just It flipped this trend line uh if it's Staying above this we start seeing Uptrend that's what historically has Happened right before xrp melts faes That's pretty much it and and so to the Point as of yesterday morning it was Doing that so let's go a little bit Further what's it doing now well here's A post from 4:06 p.m. central Time my Time zone from cryptos and he wrote Xrp still holding support against Bitcoin so far so Good um here's a Post on the 20th from crypto Insight UK And he said with this being said xrp V Bitcoin on The Daily is putting in a Large bullish Divergence the speed of Price depreciation is also slowing this Going to be assigned the current Direction of a trend Uh current Direction of a trend is coming to an end If this Divergence Rings true it Suggests xrp will start outperforming Bitcoin very soon imagine what this Means for price if Bitcoin climbs to the Areas of liquidity and xrp is Outperforming in terms of USD and so Folks again that has been happening um And so then there was this update from Him this morning and he wrote xrp vbtc
Update we are still awaiting the close And confirmation I talked about above The horizontal white line in the image Below we have some positives to add to My recent lower time frame reporting However we have seen the most interest And volume on this chart on green days We have also yesterday had our highest Daily close in nine days nothing has yet Changed but this coupled with what I Have been reporting on recently could be An indication we are preparing to push Towards this break and so all reasons to Be optimistic and here's the most recent Update this is just from Trading view I Just pulled this up right before Recording the video and again you can See going back to 11th look at this huge Move to the upside in the xrp BTC pair Uh went back down down down people see See it's not lasting it's not lasting But wouldn't you know we got a higher Low and then it goes back up but then Down down down people bitching more no See it's not let and then it goes back Up again and this is where we are right Now so yes it'd be great to see more Price action unfold to to continue to Prove that yes this is what we've seen In the past we're going to put in a Higher low we need to see that still Happen but what I'm sharing with you is What the chart analysts were screaming At us about like a week and a half ago
To two weeks ago about hey looks this Looks really good on the BTC chart Because when it gets this low this is The moment where things change we have Seen that that's what I'm sharing with You we've seen we've seen that flip for This period of time and this is what all Of these analysts that I've been Highlighting analyst after analyst has Been Saying so we'll see what happens here But I I'd say this is even if even if in Terms of United States dollars Bitcoin And xrp go down okay I still I don't care in the right now Because I think that we're not near the Macro top as was pointed out by pendi I That this video just watch what happens On the BTC pair because I have a feeling That xrp is going to be continuing to Outperform here not every single day Necessarily and it hasn't over the last Couple weeks every single day but look At the trend look at the trend that is Undeniable so we need to see it continue But what I'm saying is there's reason to Be optimistic here I'm not a financial Adviser 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
