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Hello this is Matt on the moon Lambo Channel at the time I'm recording this Video both xrp and Bitcoin are right at Their 24-hour low lots of people feeling Hopelessness and despair despite the Fact that we are up dramatically from The bottoms of the FTX collapse it's Been fun for over a year Watching crypto Trend to the upside but all it takes is A little pullback like this and people Love lose their their ever loving Minds As is typically the case because people Go to people xrp getting as low as is 59 Cents uh you know Bitcoin in the 65,000 Right now so here's the deal then we'll Get into the Nitty Gritty here but uh Despite prices falling over the last Couple days in particular and certainly Especially today when you look at the Historical context how have Cryptocurrencies including xrp behaved In moments that are very similar to this What you'll find is that the moment We're in right now is still roughly Speaking the moment that you should Expect xrp to start going ballistic as Soon as we're out of this temporary Slide to the downside that hasn't Changed that hasn't changed at all and I'll share with you perspective from a Few analysts specifically speaking about Xrp with some other good stuff but 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 our 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 it is 6:29 P.m. central Time Saturday March 16th 2024 xrp hanging on for the moment to 60 Cents but uh you can see right before I Started recording this it did dip into The 59 Cent Zone uh here's the 24-hour Low where I'm circling right now uh you Can see Bitcoin 65,8 47 bucks and so for The fun of it for just a moment for if You can look at the screen I'll just Flash back and forth between the 25 Bitcoin chart and the 24-hour xrp chart You will notice that these two charts Are basically the same chart there's one Sort of weird blip here where xrp spiked Uh to 66 cents according to lifecoin Watch anyway uh that must just have Something to do with the way that they Collect the data I don't know that that Was something I don't know if that was a Global phenomenon or not doesn't really Matter frankly the point is Bitcoin and Xrp behaving the same as you would Expect and frankly even though we don't Like moves to the downside unless we're In accumulation mode uh This should be reassuring in that xrp is
Not behaving any differently than it has For over a decade which is to say it Moves with the broader crypto markets And even in Bull times like it's still Doing it if it weren't behaving the same Then I'd be alarmed frankly I'd be like Well what's going on here xrp is doing Exactly what we should expect it to it's Just that people don't like it when the Price goes down and it makes them get a Little bit nervous I understand all that You put your real hard-earned money into It then especially if you're down uh Whether it's a little bit or you're Below your your entry point for the Position I I get it but just look at the Data like is there a reason to believe That there is actually something Fundamentally wrong and the answer is no So nobody knows for sure what's going to Happen when it comes to crypto price Action but uh I I've made my bet pretty Public like I I mean I don't make Specific pre price predictions but do The upside yes number go up number go up A lot from here full-blown alt season Would be my guess here's a crypto fear In green index at 81 out of 100 but it Updates um so that's extreme greed but It updates once every 24 hours and it Doesn't update again for another 28 Minutes so I won't in this video be able To share with you what it is because This is not going to go another 28
Minutes or else I'm out my damn mind but Uh but I'm guessing it's going to be a Good bit lower we might even slip from Extreme greed into good oldfashioned Greed just regular greed that isn't Extreme oh gosh a little nervous here Right here's a post from chart analyst Ali Martinez as the Bitcoin Bull Run Momentarily cuses it's noteworthy that 21,41 Bitcoin have moved off crypto Exchanges over the past week and the Network has welcomed 13 new whales each Holding over 1,000 Bitcoin now my Friends the reason I'm highlighting this In case it's not self-evident is because This is not behavior that you would Expect to see during a top if we were Topping out Bitcoin would be flowing From uh self- custody whale whale Wallets to exchanges so that they could Sell it that is what you would that is Not what's happening here this is not a Top Signal and why would it be a top signal I mean there's so much historic Precedent you indicating that you know Once Bitcoin hits a new all-time highs It's a notable point of resistance which Is why yeah we've hit several new Highs But it's barely gotten a little higher Each time and then you've had these big Pullbacks but once it breaks it really Goes historically speaking it goes on a Rampage so this might be one of the last
Times for those who wish to accumulate To be able to do so at some semblance of A discount basically here's a post from Analyst James Van Strat and he said in The past 24 hours we have seen 22,000 Bitcoin withdrawn from exchanges on a 1hour resolution so most likely withdraw Still coming through and then he names Some amounts from various exchanges and Then he says thesis remains unchanged Levered Longs wrecked and lettuce hands Panic and that's exactly right the People who play with fire which is to Say they're playing with leverage they Get burned they lose they get liquidated They lose everything and then the Typical living retail speculators they Freak out so they sell at a loss sucks To suck right and then the smart money Does not behave like that and so there Are some uh retail speculators out there Who are not going to behave like the Typical liming retail Speculator which Is to say they're going to follow one Another off a cliff to their own demise And those uh individuals tend to behave More like the whales out there Behaviorally they're similar and there Are regular humans out there uh that Would be more along those lines and I I Count myself among them I I don't do the Panic selling I just hold I just just Hold I hold I hold year after year after Year I've been holding for over six
Years and I'm patient I'm very happy Right now I'm having a good time in Crypto I'm not the least bit impatient And that's the right mentality so far as I'm concerned it's worked for me at Least and so you can see here you know Whales just behaving differently here's A post from chart analyst Matthew Highland any corrections SL crashes Should be embraced as an opportunity to Gain exposure prior to alltime highs Being broken for good it's only time now The craziness Euphoria and crypto Takeover will happen again but we are Not there yet so there is still Opportunity left yeah and that's in line With what I was saying and thinking for Those that want to accumulate they it'll Be viewed as an opportunity and for Anyone else it's just be like yeah yeah Just wait until we continue to the Upside it's been a fun year so far Hasn't is is this is this ruining your Time in crypto because if it is Emotionally getting to you like just Consume some more data and then Recognize that it doesn't make sense to Have silly emotions based on shortterm Price action like that that would be my Suggestion I can't tell you what's right For you in terms of buying and selling But in terms of getting your mind right Uh happy to speak about that and offer Some suggestions
There here's a post from chart analyst Credible crypto and this is from last Night he said and this is about Bitcoin He says it just gets better and better Open interest continues to decline after This whipsaw funding almost flipping Negative and per premium continuing to Decline can't help but think our bottom Is in and we simply fully retrace this Move down from earlier today and Continue up uh and now I do have an Update from this morning and he still Says yes move to the upside uh but he Has some additional Clarity here and he He simply wrote lower time frame price Action overnight is looking a bit Corrective so think we may range for a Couple days more before we are ready for The next impulsive leg and so he still Holds strong in his thesis which he's Had since 2019 actually and for this Particular moment in time uh he's like Yeah well this is normal and he's right Hisor I've been I've I've had a front Row seat to this stuff for over 6 years Including this is my third bull cycle This is normal this is to be expected And he's just saying yeah this is why People like credible crypto can type This stuff so nonchalantly they're just Like yeah well here's what's happening And he just it's a thing okay then we go On with life and it's Fine because we know and he's looking at
The chart so he's coming up from a Little bit of a different perspective But even if you're someone like me who Isn't a chart guy it's abundantly clear That these things are very normal So when what we should expect happens we Shouldn't be scared by that like the Trend is still Up here's a post from chart analyst Mickey B crypto altcoins market cap that Excludes Bitcoin and eth is perfectly uh Reflecting the 2020 and 2021 alt season Vibes $3 trillion market cap is my Projection for this cycle which is 5X Given the previous cycle data ignore the Short short-term noise and focus on the Big picture picture and that would be Amazing if you're talking about a 5x From that level from the last cycle um It's that means more than a five-fold Increase for any given crypto because When a coin goes it's just a handful of Coins at a time not the whole market so It's not just a five-fold increase for Most of these coins like for a lot of Them is going to be way bigger 10 20 30 Whatever it is and for the micro and Small caps way bigger than that even uh Even though I don't really play with Those but uh but then the money flows Into other stuff so that's why on the Whole at any given moment if it looks Like it's a 5x from there that's insane Amount of money that flow in it's going
To go insane and so to think that a Portion of that's not going to touch xrp Is insane to me that makes not a damn Bit of sense to me xrp is just another Crypto and when when people start Flooding money into crypto it's not About fundamentals or anything at that Point it's about Euphoria it's about Human behavior and that's a huge part of What I'm counting on to achieve my Life-changing wealth in xrp and all Sorts of other coins and there's nothing Wrong with that it's it's just Acknowledging this is how humans behave That's been my part of my strategy since I jumped into crypto in 2017 for Sure um then there's this post from Cryptol he's showing an xrp Nvidia chart Which is you don't see many people Posting an xrp priced in Nvidia chart But it's I understand why he's doing It's because uh you know Nvidia Obviously crazy Tech stock right been Going on a rampage over the last year Broadly speaking and uh crypto kind of Follows that in a general sense and so If xrp's price lower than a tech stock Uh that's one more way of looking at This just like if you look at and I Might have a chart pulled up from him Here too on this Uh yeah this is just xrp crypto total Market cap look at how dismal it looks Dismal in both fronts but this has
Happened look what he points out happen 2017 2021 and then it spiked up in both Those instances and here we are in 2024 What do you think's going to happen Maybe it spikes up once the market Rebounds duh I mean fine nobody knows For sure what do you think is most Probable at least in terms of what's Most probable I can say duh I know What's most probable though I can't say With certainty what's going to happen I Know for sure what's most probable look At the past duh not very difficult here And people are freaking out losing their Damn Minds like people need to have more Than zero chill you know what I'm saying Here's a post from chart analyst dark Defender talking about xrp so much noise From 75 to 65 cents like we had 64 to 54 Cents a week back nothing changed xrp is Bullish on all time frames uh yes it is At the moment but I will say if Bitcoin Keeps going down it's going to drag xrp Even further and that's an if you guys Are future people you know where the Prices are sitting I don't you know more Than me but uh to be clear I won't freak Out if this happens but in terms of xrp On the Weekly uh might not might not be ideal But you know in terms of Bitcoin not Ideal for Bitcoin either either it Wasn't the if I'm not mistaken wasn't The last weekly High over
$69,000 well at this moment in time Anyway doesn't look like it's going to Exceed that so that's why I went back to It the at the beginning of the video That's why I flip back and forth and I Do this with some amount of regularity To just drive the point home I show you Xrp 24-hour chart xrp and then Bitcoin 24-hour chart back and forth back and Forth it's the same damn chart it Doesn't Matter it's like it's almost the same Damn play it's like cuz I it's just in Terms of the multiplier effect that's That's what's different from coin to Coin cuz there's less money and xrp than Bitcoin but that's why I like to have Broad exposure because you get various You there are a couple of reasons so Obviously different multiplier effects It's good to have broad exposure just in Case what if there's a rug pull in a Particular coin or some sort of defect That's found even a decade after it's Launch you never know for sure Technically I don't think that's Probable probably not going to happen You but still um you know there's that And then also as far as exiting from Crypto positions to me it makes sense to Have a bunch of different crypto Currency so that you're not panicking Trying to get out of one position all at Once because when coins
Go I mean especially if you think about Xrp when it hit its alltime high it ran To its alltime high in about two and a Half weeks but if you're talking about Having brought exposure with a bunch of Different coins rather than having a Critical two and a half week period and Then that's what you have to have all of Your focus on if you're like say you Were an actual xrp maximist that's all You held which is ridiculous if anyone's Doing that um you know if you have a Bunch of exposure with a bunch of Different coins you don't have to worry About that cuz if you have an ALT season Going for a span of months say it's four Five six months whatever it ends up Being you're going to have different Coins pop off at different times it's Going to be less stressful than trying To have a quick exit over a span of a Couple weeks so there are a lot of Reasons that makes sense but anyway Here's what dark Defender had to say hi All I am sharing the weekly time frame Update with you xrp is again forced to Stay under 66.4 n cents vital for Further moves however he is above the Orange resistance and used here as Support we are bullish as long as xrp Maintains the orange line which is 58 Cents okay so at least at the moment I'm Recording this we're above that uh two Macd is bullish in the daily weekly and
Monthly frames ichimoku indicator is Bullish for the daily and weekly will be Bullish for monthly above $188 the hik and ashy candles based on Moving averages are bullish so Considering the above conditions I trust Xrp stays above the orange support and Closes the weekly candle above 64 .62 C Uh minor resistance first then 6649 the structure is squeezed between The support and above resistance which Will lead xrp to touch 77 cents uh to $1 Soon so nothing's really changed there And we are safely above that support at Least at the time I'm recording this um But not as high as he was hoping at Least at the time I'm recording this There's not much time for that to Change um and then there's this post From chart analy e great crypto xrp Bulls next task update as anticipated Xrp has Revisited the bouncy bounce Range that's a fun name you can see for Those you looking at the screen it's Roughly around 65 cents right here um he Says uh as Illustrated in the updated Chart below the next task for the Bulls Is crucial they must either initiate a Bounce from the target levels or prepare For a potential revisit of the FIB 382 Level which is 60 cents which could Manifest as a wick and folks that's Pretty much where we are right now xrp Army stay steady ignore these minor fluu
Situations keep your focus on the bigger Picture prepare for the potential of Reaching lifechanging double digigit Price targets and so to sum it all up Nothing has changed the opportunity in Crypto is still here we're still very Obviously in a bull market uh there are Not indications uh from from any analyst That I think is respectable and follow That this is some sort of top for the no Absolutely not it's it's an opportunity For those who want to accumulate in all Likelihood and that's pretty much it and Then we just sit tight and wait and get Life-changing wealth by doing absolutely Nothing it's the most beautiful thing in The world folks I'm not a financial Adviser you should not buy or sell Anything because of anything I say all Right that would be a very very very bad Idea until next time to the Moon Lambo
