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Hello this is Matt on the moon Lambo Channel I continue to be fascinated by The disparity in opinion from reputable Chart analysts so in this video I'm Going to share with you some perspective From a number of different analysts Including uh the blockchain backer and Credible crypto because those two in Particular they're a couple of my Favorites out there and they have very Different perspectives about what's Going on one thinks that it's a Basically basically an inevitability That in the very short term we're going To be having a Bitcoin hit new all-time Highs and altcoins ultimately rip to the Upside and then you have the blockchain Backer who does not think it's remotely Probable that we're going to be seeing New all-time highs stock market not Although at new alltime highs thinks That you know that's an indication um That this this Market's about as high as It's going to go including Bitcoin uh Although he he believes altcoins are Likely going to rip that's what I've Seen from him basically a nutshell so I'm going to share with you some of the Latest because the question that we have Here in the xrp community is uh what Does this mean like does this mean that Xrp is in trouble Or is xrp just about to melt faces and See that so fascinating is it it depends
On who you ask because some people say Yes absolutely the whole damn thing's Going to go but if the blockchain backer Is correct um I'll just say I'm Skeptical if he's correct I'm skeptical About xrp hit a new alltime high because It's if bitcoin's not hit new Al time I Just it's never happened before there's Not really precedent for that and I'm Not saying it's Possible but um again I'm going to share With you those perspectives and then There's also this piece which frankly It's highly fascinating and sounds a bit Counterintuitive on the surface but uh There's this piece titled all-time highs In the stock market are usually followed By more all-time highs now I think That'll sound counterintuitive to most Of us in crypto because I think most of Us get the picture that once something's Peeking up peeking out uh that's Probably the worst possible time to fomo Into it right Although in the world of crypto things Can be a little bit different things Just drastically move to the upside very Very very quickly and then a lot of Stuff craters back down and and never Never does see another new all-time high It it's different but when it comes to The stock market you're actually going To find this highly fascinating and There's actual data to show that when
When the stock market does hit a new Alltime high almost every single time Dating back over I think 50 or 60 years I think it was like 10 out of the last 11 times that's happened if you fast Forward another year out there's a the Market's even higher so we just we Recently we've been hitting a ton of new All-time highs in the stock market so Statistically if you just look at that One particular metric the odds are in Favor that a year from now the markets Will be even higher now of course there Are more things that should be Considered I'm just chearing that one Data point here at the outset but if That's indeed the case and the stock Market keeps going higher I'd be shocked If Bitcoin doesn't and then I'd be Shocked if xrp in turn doesn't melt Faces Hing a new alltime high it's all Tied together um before going further Though 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'm recording This video xrp's 54 cents Bitcoin at 515676 uh market cap for the asset class A little over $2 trillion in crypto Fe
And greed index at 72 out of 100 so just Hanging out in greed um there's this Post from uh the blockchain backer and This is from uh in the afternoon Yesterday he wrote to visualize why Bitcoin has been of little interest to Me and the focus has been on development Activity altcoins here are the top 20 by Developer activity versus Bitcoin since October the devcoin coins have mostly Waved goodbye to those waiting to enter That are still holding Bitcoin and so That makes all the sense in the world to Me that's um you know Bitcoin having Already had tremendous move to the Upside I'm far less interested yes I Hold Bitcoin I've been holding it since 2017 uh I'm on the same page regardless Of whether or not Bitcoin hits a new All-time high uh in terms of the Percentage gains no the the real Opportunity for lifechanging wealth for A long long time hasn't really been in Bitcoin for people anymore CU there's Already too much money and it's hard to Get multiply effect the real life Changing opportunities are in coins like Xrp and other alt coins so that part Makes all the sense in the world to me Um now on February 15th the blockchain Backer shared this I actually Highlighted it on my Channel at the time Because I thought it was funny it's the Um the South Park imagination Land
Episode it's a screen grab and then he's Instead of a ma land it's rotation if You've seen the episode you know what I'm talking about and if not don't worry About it it's pretty funny though uh but Uh this this afternoon he shared that Again and this afternoon he wrote one by One a bitcoiner finds its wings and Flies over to altcoins and certainly We've been seeing all sorts of coins Popping off like for me personally the On that's been most fascinating are the Ones that I hold has been flare it's Like ripping to the upside looks like It's kind of in a little bit of price Discovery Perhaps um and then there's also this Post from this afternoon the blockchain Backer wrote my feed is filled with Nothing but altcoin discussions Bitcoin A distant memory and I'll certainly That's true um I see the same thing in My feet altcoin absolutely ripping into The upside so then the question is does That mean Bitcoin is done uh here's Another post from the blockchain backer And this is from this evening just a Just a few hours ago uh he wrote this is Not expansion in the stock market Fundamental and Technical elements you'd Be looking for with an expansion in Stocks aren't there it's why Bitcoin Isn't in a new all-time high 75 days After the Dow Jones set a new all-time
High a catalyst will come which everyone Will blame and So we'll again we'll see what happens Like I said at the outs of the video it Is a fact that once uh once new Highs Are hit in the market in the stock Market if you fast forward a year later Almost every single time for like the Last 50 or 60 years I think it's the Last 10 out of 11 times the market has Been higher but that doesn't mean that It will be and The blockchain backer Sharon his honest Opinion here which I certainly Appreciate um doesn't see anything to Indicate that that stocks are going to Keep ripping to the Upside and I understand that that's a Minority position but that doesn't mean He's wrong and he has such a high hit Rate that's why I am concerned he could Be right he could be Right um then there was also this from Chart analyst JT seems to have a very Similar perspective he wrote the stock Market has only been this concentrated With so few stocks once before the last Time August 1929 see you guys back here for the Bitcoin weekly close yeah so obviously Uh 1929 Great Depression times Yay and the blockchain backer has been Highlighting that um you know what
What's happened recently in in the stock Market um he's articulated his case so Many times I'm sure a lot of you have Heard him talk about this um if you Follow me you undoubtedly have uh but in Terms of the rement levels and the chart Structure like what's happened up to This point looks like uh what happened In the stock market leading up to the 1929 collapse which doesn't necessarily Mean that we'd see even if there's going To be move to the downside doesn't mean We're going to be entering a depression And blockchain Backer has said that Before too but it's an alarming Level and um and JT also shared this and Wrote um regardless if we have a blowoff Move to complete the insanity I call the Stock market or we've already arrived at Our Peak one thing's for sure 2024 ends In tears this is a call we've made years In advance and it's not something I'll Be wavering on and so again this is a Minority position but just because Somebody holds a minority position does Not necessarily mean they're wrong and And also I highlighted um Mike mclone Who's with Bloomberg uh Decades of Experience he has also noted that what We're seeing it it it looks like the CH Formation leading up to U uh you know The 19 29 collaps so again there are ABS Absolutely multiple reputable sources That are saying that but not everybody
Thinks that's the case which brings us To Credible Crypto uh credible crypto last night Shared a video and if I encourage you to Check it out he went into great detail In terms of all the technical analysis Why he believes what he believes in Terms of what's going to be happening With Bitcoin including in the shortterm And so I thought I'd just share with you A few quick takeaways but uh this is a 16-minute video that he published here And so credible crypto is still looking For continuation to the upside you know After um you know a dip perhaps is as Great as even 10% for Bitcoin which Would push Bitcoin as low as maybe 46,500 bucks or so you know from where We are now but uh you know he says if we Uh if we do get back down to $44,000 Okay that would be alarming because the Chart formation credible crypto believes Uh where in you know wouldn't wouldn't Allow for that and so he says uh you Know right now we're basically just Ranging or consolidating which is Perfect normal also if we do get a you Know close to 10% pullback on bitcoin Then you know I think it's altcoins Especially those that are weak against Against Bitcoin could drop 20 to 25% um and so and by the way so and I Was thinking when he said that I was Like well xrp is currently pretty weak
Against Bitcoin I wonder if we're going To see a massive drop if that actually No no again to be clear it's not that It's he doesn't have high conviction That's going to happen he's just saying If but um you know he'll simply view These as buying opportunities it Wouldn't change anything in his Perspective on a macro level Or on a higher time frame level but you Know towards the end of his video he did Say that quite honestly he doesn't have Strong conviction about Bitcoin moving To the downside or upside and sometimes You know you just need to let things Play out to see how things unfold to get A you know better idea of what's going On and sometimes he does have strong Conviction it's just this is one of Those times where it's like it's kind of Like flip a coin but either way he made It very clear uh he firmly believes Bitcoin will be hitting new alltime Highs altcoins are going to follow he Still believes that you know pick your Whether it's harar xrp picket yes They're all going to go yes they're Going to hit new all-time highs uh Incredible crypto was even recently Asked so do you think that xrp could hit At least 10 bucks and he firmly said yes He still believes that is absolutely uh Possible and then there's xrp Community Member Frey been in crypto since 2011
And actually has a career in finance so Uh he knows the ropes let's say and he Wrote here Market wants to pop eth now On the move back to two trillion market Cap resistance Smiley face inevitable and so I just I'm Just trying to highlight you know Diverse opinions here because again There are absolutely tons of reputable People that have very different opinions Here and I think everybody I think it's Clear everybody wants the move to the Upside including the blockchain back or It's just he's just being intellectually Honest and he's like I I don't think That's what's probable and he's not Ruling out literally but he he doesn't Think that's what's most probable here He had chart analyst Ali Martinez wrote Bitcoin is navigating a critical range Between two significant Supply zones the First Zone serving as support spans from $5,000 to $ 51,5 70 where approximately 1.3 million Addresses holding on to $ 67,2 22 Bitcoin I'm sorry 220 Bitcoin The second Zone acting as resistance is Situated between 51,6 40 bucks and $ Address is holding 31,600 Bitcoin and folks I know that was A lot of numbers it's easier to digest If you're looking at the screen and I Know not all of you are uh but here's The point he says should Bitcoin manage
To break through the resistance we might See a bullish up swing towards 57,135 7,700 could be on the horizon now folks The reason I want to share that is Because that sounds very similar to what Credible crypto was saying and it seems Like Martinez doesn't have strong Conviction one way or another just like Right now in this exact moment in time Credible crypto doesn't Either uh then there's also this from Crypto Insight UK Bitcoin about to send It to 57,000 to $558,000 well I hope that is correct That would be fantastic to see uh here You have a post from chart analyst Matthew Highland it's a bitcoin price Chart he just wrote # Bitcoin bull Flagging so he thinks that things are About to pop to the upside so it kind of Depends on who he ask but getting to the Core of this because again the question Is is xrp in trouble or is it face melt Time well again I think it depends on Whether or not the stock market goes Higher and this is a very interesting Piece it's it's fairly recent within the Last couple weeks uh written by Ben Carlson's CFA a wealth of Common Sense And again it's titled alltime highs in The stock market are usually followed by More all-time highs and again I just I Think this is of critical importance if
You want xrp to hit these levels you Better care about This Anyway piece reads as follows a reader Asks investing at all-time highs is Counterintuitive does it produce great Returns because the market is Forward-looking and investors are Momentum investors it doesn't seem to Make sense to buy just before a long Severe bare market and then he says I Understand the worry here all-time high Seem scary because every stock market Crash in history started from one the Thing you have to understand about Markets is they are always and forever Cyclical sometimes those Cycles turn on A dime but most of the time markets Overshoot to both the upside and the Downside the pendulum swings too far in Both directions why is this the case Humans are the ones controlling the Markets and our emotions can get the Best of us when things are going Wonderfully or terribly this is why Volatility tends to Cluster during Downturns and new all-time highs tend to Cluster during up turns take a look at This chart of the S&P 500 with new All-time highs plotted in green going Back to 1950 and so folks that is Fascinating to see look at all of those New all-time highs and you can see if You look at various points where there's
One followed by a whole bunch of other Ones well you can see just because that New alltime high was hit it didn't you Know in some many instances it took a While before things in any sort of Notable way reverse to the downside some Cases many years so I think that's part Of the answer as he ends up articulating In this article but check this out There's just some interesting facts in Here which is why again with us recently Hitting new all-time highs history does Tell us that what is most probable if You look at just that one metric and Nothing else which I'm not advising but Just take it for what it is that's why Just based on that one metric what is Most probable statistically if we just Play the numbers a year from now the Stock market's going to be way higher And again if that happens I I'd just be Shocked if Bitcoin weren't away uh at a Way higher price point and I'd be Shocked if xrp doesn't ultimately follow Suit that's why all of this matters but Anyway he continues look at all of those Clusters of new highs since 1950 there Have been new all-time highs on 6.7% of all trading days now folks I Didn't know that stat but since 1950 new All high on 6.7% of all trading days That's higher than I probably would have Guessed but in hindsight thinking about It kind of makes sense he says uh but
Those percentages have been much higher During bull markets in the 1990s it was More than 12% of all trading days after The 1929 highs were finally taken out in 1954 there was a new high in one of Every 10 trading days for the remainder Of the decade from 2013 through 2019 it Happened on 14% of all trading days Despite two bare markets this decade the S&P 500 has hit new all-time highs on 11% of all trading days in the 2020s There have been instances when there Were just a handful of new all-time Highs and an IM immediate crash but it's Rare in 2007 there were just nine new All-time highs before the peak that led To the great financial crisis there are No guarant with this stuff but new Highs Are nothing to be afraid of in fact new Highs are bullish a bullish signal most Of the time so pause and think about That okay so there weren't that many new All-time highs in a row before the great Financial crisis you know 2007 he just Talked about right there but that that's Not the norm that is not the norm so if If you know the fact that we just got a Bunch of new all-time highs this year After coming out of a bar Market okay It's possible absolutely possible that We go back into a bare Market but is That the norm no and so he's Acknowledging there's no guarantees but Here are the facts and so you guys can
Do what you will with it but that's the Case just looking at this usually what Happens is a continuation to the Upside anyway peace continues they found That if you um oh yeah here we go check Out this chart from JP Morgan so um Average cumulative of S&P 500 total Returns January 1st 1988 to present and You can take a look and just pause here If you want to take a look at this but Uh peace continues they found if you had Invested in the S&P 500 on any given day Since 1988 your average uh average total Return a year later would have been just Shy of 12% however if you only invested on days Where the S&P 500 closed at an all-time High your average total return would Have been nearly 15% the average returns were better from All-time highs now folks that is a Fascinating stat how many of you would Have guessed that if you invested at All-time highs that would be better That's fascinating of course there are There's good reason for this so check This out these results are Counterintuitive but they make sense When you consider all the behavioral Biases we exhibit as a species research Shows that investors hold on to losing Stocks too long in hopes they will come Back to their original price while
Selling their winners too soon investors Also anchor to recent results so Initially markets underreact to news Events or data releases once things Become more apparent investors then move Into more of a herd mentality this Overreaction can cause an overshoot to The upside or downside fear greed Overconfidence and confirmation bias can Lead to investors to pile into winning Um areas of the market after they've Risen or pile out after they've Fallen Add it all up and this is why Cycles can Persist longer than most investors Assume possible nothing lasts forever in The markets but human nature is a good Explanation for the clustering of both Volatility to the downside and new All-time highs to the upside then there Is the simple explanation that the stock Market goes up most of the time if You're a long-term investor you should Expect to see plenty of new highs over The course of your investing life cycle A handful of them will lead to a market Crash most of them will lead to more new Highs and so that's the key takeaway There yes you can have a new high and Things can crater most of the time that Actually isn't the case So we're going to find out together but We better all be praying that the stock Market continues to rip to the upside This year because without that we're
Going to be in trouble so I'm just going To I'm just going to stay optimistic We'll see what happens and even if the Worst happens here markets still always Recover of course so it's not like um I'm going to be terrified in losing Sleep either way but I'd rather have the Blowoff top now get that life-changing Wealth now then have to wait another few Freaking years we've already been Waiting a long time here the xrp Community have we not 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
