Follow me on Twitter: @moonlamboio
SIGN UP FOR A FREE 7 DAY TRIALGET YOUR .CRYPTO DOMAIN AT UNSTOPPABLE DOMAINS
TRADE CRYPTO ON BINANCE HERE "LOW FEES"
DISCLAIMER: I am not a financial adviser. None of what I have communicated verbally or in writing here should be considered financial advice; it is not. Do your own research before investing in any digital asset, and understand that investing in any cryptocurrency is inherently risky. If you do, you need to be prepared to lose your entire investment.
Hello this is Matt on the moon Lambo Channel and get ready because if many Analysts are correct we're about to see The next major leg up in price action For Xrp which uh up until recent days you Know some people are so mopy and down About it just sounds impossible they Don't want to talk about it it's not Even it's not ever going to happen People have that some people anyway have That type of sentiment but now that Bitcoin's been running although it has Been moving sideways for the last day And a half or so whatever it's been but Now that Bitcoin did start running and You've completely changed sentiment in The market as a result that's all it Took was one day1 $5,000 increase in in Price for Bitcoin it's all took and now Apparently it's okay to talk about xrp Going up again which we should talk About because xrp continues to move in Tandem with Bitcoin and there is Broad There are broad expectations from many Analysts out there that yes it is going To continue to move in the upside so I'm Going to share with you some perspective On that from Bar's analyst and some Thoughts about where Bitcoin is going Which you know even if you don't hold Bitcoin or you're not that excited about Bitcoin uh it doesn't matter you should Be excited about what bitcoin's doing
Again even if you don't hold it because Bitcoin leads the market and if Bitcoin Does well uh it's very reasonable to Suppose that xrp is going to do even Better 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 or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoy Is making YouTube videos about crypto Related topics but just is a hobby and Just for fun uh here's a headline from The Crypt basic Japanese firm SBI VC Trade forecasts xrp surge to 62 cents in Recent market report and um I I I did Pull up the report it's in Japanese Though so I I did a Google translate and I read through this article and with Without it's not really necessary to get Read through the article to share with You the the main takeaway here which is That s SPC trading which is by the way Obviously major partner of Ripple a very Long xrp and they have been since before I even knew xrp existed and I've been in The space since 2017 uh they're they're anticipating That in the short term and they are by The way this report again coming in the Other day they are aware of what Happened with the price action with Bitcoin they're anticipating a move up
For xrp to that 62 Cent level and They're not the only ones um here is a An analysis from rup who's a chart Analyst who writes for coin Telegraph And without going through the whole Article I just want to share with you a Couple of the key takeaway Um he anticipates that it's very Plausible as long as you know as long as We don't see some sort of tremendous Ridiculous break to the downside which Is not what he seems to anticipate as Most plausible here he is one of the Analysts that thinks that we should Expect Bitcoin to rock it on up to Roughly $40,000 now and and again if that Happens the market moves in tandem what Do you think that means for xrp which is Why I've said many times before and I I Just I couldn't More more genuinely believe this xrp is Going to substantially outperform Bitcoin and I I've I've been holding Bitcoin and xrp for almost six years at This point I'm Pro both of them I have a Way bigger xrp position in terms of of Dollar how much I actually put in but I Even if I didn't just coming in as a Blank Temple just getting new Information I would still find it most Likely that XB is going to substantially Outperform Bitcoin because there's so Much less money in it right now it
Doesn't take that much flowing into you Know get a crazy multiplier effect now Rupa also anticipates that xrp should it Also continue directionally to the Upside which let's be real it's Contingent upon Bitcoin I I I believe Anyway uh he sees that we could be Seeing xrp rise up in the short term to 66 cents and then attempt to Rally to 71 Cents thereafter and this is in line With what I've been seeing from all Sorts of analysts um including I Highlighted something from xrp Community Member analyst dark dark Defender who Saying uh you know he was actually by That exact level it's funny that's Actually iant to I'm glad I thought of That just right now um he was talking About that I think it was exactly 66 Cents I'm pretty sure it was either way It was right around there mid 60 Something C region at a minimum and then He was saying yes check for that but Then ultimately not long after check for $1.40 and I actually shared that in a Video just Yesterday so it's it's not hard to find These perspectives at this point I mean It because it follows Bitcoin right um And then there's also this from the the Daily hle 10 uh $10,000 single day rally Now on the table for Bitcoin according To crypto strategist a closely followed Analyst believes that an exponential
Move to the upside is in the cards for Bitcoin synonymous analyst credible Crypto tells his 348,000 followers on The social media platform X that Bitcoin Is just getting warmed up after rallying To a new 2023 high of 34,600 $16 and of course ultimately it did go Up most recently to just over $35,000 according to the trader Bitcoin's relative strength index is in Bull territory on the weekly chart Indicating that momentum is on the up And up for Bitcoin here's the quote from Them you think these last couple of days Have been crazy it's nothing compared to What we will see in the coming weeks the Biggest move occur as RSI pushes into Overbought territory on higher time Frames starting with the weekly end Quote with a momentum on the rise for Bitcoin credible crypto thinks that Bitcoin is now in a position to print Massive rallies in one day and Folks by The way I I just want to point out in His defense here not that he needs my Defense but he's been calling for this For the longest time even uh when almost Everyone in space seemingly was bearish And didn't even want to hear it you know We're going to $122,000 for Bitcoin he Like well no it doesn't say that in the Charts and we will be be having these Days with massive green candles for Bitcoin and we just had one again we
Just had one the other day $5,000 in a Single day the bear said that was Impossible yet it just Occurred and so anyway here's another Quote from him think we will finally get Our first of many $10,000 plus monthly Candles here in October end quot end Quote according to the analyst there is No major resistance left that could stop Bitcoin from rallying towards $40,000 now that it is Trading well Above the psychological support of $30,000 he he said quote there's no Resistance above us that was as Significant as the one that we just Broke through the path up from here will Be faster more aggressive and less Forgiving to those who are on the Sidelines than anything we have seen Since the $15,000 bottom thus far don't Overc complicate it it's basically open Air till $40,000 maybe then we get a pause but Even that won't last very long in my Opinion end quote and I will say after This massive surge the other day where Bitcoin went up $5,000 in a single Freaking day all sorts of reputable Analysts who happen to have gotten this Call run wrong they came out and Acknowledged it and even they're on Board with this now you know for Instance Nicholas Martin he admitted That he got this one wrong there's
Benjamin count he's got something like 7 Or 800,000 subscribers on YouTube and so These are bigger names in the world of Crypto well as far as chart animals is Concern chart analysts are concerned and It's actually at this point hard to find Those who think that what's most Probable is a move to to the downside Even though none of them will say it's Impossible and I say fair enough to That everybody is on board at this point But that's the thing once it becomes Obvious it's like well how could you not Come on board after that and that's That's why I think it's just it's it's Worth giving Kudos and props to those Who were calling for this before the big Moves happen and I'm just saying Credible crypto is one of those and the Blockchain backer he's one that said That what's most probable is a move like This and even he's been saying you know $40,000 doesn't seem Crazy uh and then there was also this Post and this is From uh this uh just this afternoon Today credible crypto was responding to A post from somebody named Tony the bull Who I'm not familiar with Tony the bull Shared a couple charts here the one on The left is just Bitcoin us D the one on The right is the S&P 500 that's on the Right and you see you can see Bitcoin Obviously got a couple M couple candles
To the upside and then on the SPX which Is the S&P 500 uh a few few candles to The downside so not moving directionally The same Antony the bull wrote who would Have thought that bitcoin's chart looks Like the left while the S&P 500 looks Like the right and the reason that he's Saying saying this folks is because There's no shortage of historic uh Precedent and historical data showing That stocks move in tandem with Bitcoin Broadly speaking especially on major Events like what happened with the Pandemic and 2020 for example you know When when everything cratered down and Xtp got down to like 10 or 11 cents That's because Bitcoin was down and That's because the whole world was on Fire basically and so stocks were really Uh really taking it on the chin because Again the asset class move asset classes Mooving tandem but credible crypto Reposted this and he said a perfect Example of why you don't attempt to play Bitcoin by looking at other charts like The S&P 500 if you want to know where Bitcoin is headed focus on the Bitcoin Chart I know plenty who could not see This rally as a possibility because of The way the S&P 500 looks and so I was Only partly surprised to see this by Credible crypto this this particular Post because um obviously it's not that Bitcoin necessarily follows what stocks
Are doing down to the second the minute The day the week the month so on and so Forth um so that part I'd be on board With you just just talking about Something like that but again there's no Shortage of historical evidence that You know if you zoom out on a chart you Can you can see that espec especially For the big moves the asset classes move In tandem they they just do here and so He's saying but you can't go by what the S&P 500 is doing so if he's talking About just on a short term then that Makes all the sense in the world and I'm Not 100% sure to be honest with you here But you'd be talking about changing uh You know some sort of fundamental shift Like a paradigm shift in the way that These asset classes are being shift or Being treated because they're both Considered risk on assets and so in you Know tumultuous times s of uncertainty They get treated the same which not Surprising and and in fact there is Perspective from another very popular Chart analyst who I'm a big fan of I Just don't cover him that frequently on The channel because he doesn't post as Frequently and he's not exclusively Covering crypto but it's aesio uh Rastani I might be butchering the last Name I think it's AIO rastani but he's Got a a YouTube channel with like 375,000
Subscribers so he's he's very well known And for good reason he I consider to be A top shelf analyst so uh but but anyway He he he put out a video recently where He said look one of these charts is line And he was talking about um a particular Chart uh having to do with with the Stock market it wasn't the S&P 500 I Don't believe but he was making a Broader point he's saying here's a chart Not looking so hot and uh it's a chart That he he was describing as a leading Indicator then there was the Bitcoin Chart and he said one of these charts is Line now the reason he was saying that Is because he knows obviously that the Asset classes move in tandem so either This is a false break for Bitcoin to the Upside and you're going to see it move Back down in tandem with with equities Broadly speaking or equities are not Going to keep doing what they're doing Broadly speaking and they're going to Get more in line with Bitcoin he says One of the charts is lying and he's not Sure which so he and he expects that to Be resolved in the coming weeks so I'm Going to keep checking what he has to Saying well I mean I check a ton of Different analysts on a regular basis Every single day actually so I'll share With you what I learned from various Animalists and what their thoughts are As we go through this because it's
Fascinating here um but it it does I Mean and by the way unless you're Astounding he even said before Bitcoin Took off days ago before Bitcoin really Took off and we had that $5,000 daily Candle he said that the chart for Bitcoin does look bullish stocks don't Look bullish and so it's it was already Tough to reconcile that and so he he Does recognize those Things um and then there was also this Post from credible crypto he wrote you Have Global equities of $100 trillion And Bitcoin sitting at 1/ 1200th of that With 70% of that Supply essentially off The market it really doesn't matter what The global environment is like when we Are this small a major traditional asset Manager can drop some spare change into Bitcoin and send it through the roof Okay so as far as the idea of dropping Some some spare change and sending it Through the roof yeah that's in line With something that I say all the damn Time which is that it doesn't take much Money flowing in into to a crypto Especially if it's got less money like Xrp or pick a small cap coin you know it Doesn't take much money flowing in to Get a tremendous rally with a crazy Crazy percentage gains crazy multiplier Effect All That Jazz um but Directionally again crypto always has Historically you know gone in line with
What's happening with the stock market So I'm a little surprised but he could Be I could be wrong I mean you know I'm Not pretending to be a chart analyst It's just that you don't need to be a Chart analyst to be aware of some basic Facts which is that um you know crypto Inequities they've just moved in tandem Here so um he could be right my my Suspicion could be wrong here uh I guess I'd probably need to to learn more about Why he's he's been saying today what He's been saying about this oh actually No I meant to tear with you this the Post here was from July 5th and I wanted To point out so like he's been uh saying This uh saying stuff like that for for Some time that's the reason I pulled That one so that one is from July 5th so He's he's being consistent on That But I don't know what do you think is is Credible crypto correct is is alesio Rani correct is you know we're going to See that the the charts must move in Tandem and then there was this from Analyst Alex Krueger who wrote most People have missed this Bitcoin and Crypto bull run because they have been Worried about the macro and waiting for It to improve or liquidity to come back Rip and incredible crypto reposted this And wrote literally this with three of
Those 100 Emojis and there's additional Perspective here from uh Alex Krueger as Covered by the daily hoddle and I want To run through some of this with you Economist and crypto Trader Alex Krueger Believes that Bitcoin is pre-ordained to Hit $422,000 due to one possible event According to a new blog post by Krueger's Financial advisory firm Asgard Markets the king crypto will likely soar By more than 24% from its current value By the time a possible spot Bitcoin Exchange traded fund launches The Firm Also says that a massive Bitcoin rally Is expected on the day the US Securities And Exchange commission may approve a Spot Bitcoin ETF which they anticipate Happening in January 2024 and and check out this quote Because again in terms of the price Levels to expect it's just I just I see So many analysts calling for the same Thing now more or less anyway so here's The quote our view has been that the ETF Is quasi guaranteed and the SEC would Have it approved by January 10th in January itself to be precise we had also Been expecting the market to front run The approval by about a month and a half But Animal Spirits have decided to start Running now given last week's large move We think that Bitcoin consolidating for
A few days in the $ 30,000 to $32,000 Range before continuation just makes Sense any dips into the 29,000 are for Buying we also think that the day the ETF gets approved the market should see A plus 20% move Intraday we see Bitcoin heading for $42,000 by the time the ETF launches Launch as opposed to approval notes here And so this is why I said in several Days and before the big rally I was just Warning and not that I knew that this Was going to happen I didn't absolutely Did not know I just knew eventually the Market would go and I I put out a video Saying Hey uh and it was actually Because of the spot Bitcoin ETF Specifically that I was thinking along These Lines we don't know when the Market's Going to go and so this could be among The last moment in time to purchase at These price levels and so I I I even Shared in that video that I bought some Stuff I did buy some Crypto and it's not that I knew that This was going to happen and yes it just Happened to be the case that a couple Days after that video it you know Bitcoin did start running I didn't know That was going to happen that wasn't the Point of course I never know that how Would I know even the analysts who out There have strong conviction don't know
For sure but I made the broader point That we're in the last of days for this To be the case even if it's over half a Year until Bitcoin starts running these Are the last times because once once it Goes either you have exposure or you Don't which is why I topped off and I Bought some stuff increased some Holdings so now um all coins haven't Been running like crazy even though they Have been moving in tandem I mean yeah Xrp is up a fair bit even in terms of Percentages compared to before the Bitcoin started running that fair enough But still compared to where this is Going like we're still at this point Where there's still is some opportunity To buy you crypto at these levels just Not for long you're not going to be able To buy crypto in including xrp at these Price levels for long cuz what happens When the new price level for xrp happens To be more like 75 cents or a buck I was Just talking about that I was talking About that days ago before this run Happened because eventually I would Anticipate that would be the case as the Market gets hotter and that's before xrp Goes on a crazy face melt run where it Finally hits a new alltime high which I I also believe is Inevitable so all that to say um what's Most probable at this point it seems From analysts that I follow is a move to
The upside here and so you know without Some sort of wild card event uh you Know that's what's most probable now I Still there's still this this question Mark in the back of my mind because of This correlation between equities and And crypto what happens if we enter Recession and then stocks start bleeding Out what's that going to do because we Haven't really had a world where Bitcoin's had to deal with you know any Sort of major recession you know if you Think about the rally since bitcoin's Inception in 2013 and 2017 and then the Most recent one a couple years ago That's it's all been fantastic and so You've had major pullbacks for Bitcoin Specifically in bare markets but you Haven't had this in conjunction with Some sort of major recession and then Seen what that might do for uh you know Stock activity in terms of price action So it's not that there are no concerns And yes we could see moves to the Downside that would invalidate the types Of things that are being discussed by Analysts and some of what I've said in This video but we're not talking in Certainty here because how could we that Would be dis ingenuous we're talking in Terms of probability and so that's why For me I I believe that the most Probable thing to occur is a move to the Upside for crypto including xrp and
That's why I've just continued to Position myself purchase some crypto Recently but I also noted even if that's Not the case and you know xrp and Bitcoin crater on down uh okay then I I'll just be enticed to buy more so it Doesn't change my plan either Way so I none of us know what's Happening for sure we're just speaking In terms of probability but that's why I Say even if the improbable happens and We haven't moved to the downside could Happen I'll buy more even if xrp got bad Enough I'd buy more xrp and I haven't Bought xrp in about three years because I have too much of it I decided I spent Way too much money on it it's my largest Holding so is what it is but you know we Don't need to be focusing on the Downside too much at this point like Have fun enjoy it we've been seeing it Move to the upside it's probably going To continue even though it's been paused For the last day or two whatever it's Been uh it's not going to sit around Here forever and there's a strong Expectation for most analysts yeah it's It's about to continue And we enjoy this because most of what It is to be in crypto is to have Sideways price action are moving down People aren't thrilled so you know have Some Smiles in your damn faces out there When when days like this happen where
You have a big ass candle because you Know what it's just some friend friendly Reminder like the sideways stuff the Downward price action it's not going to Happen forever the Market's been Trending to the upside for 14 years and There's no sign that's going to stop Life-changing wealth is out there so get Ready because we could would be having Xrp's next leg up I'm not a financial Adviser you should not buy yourself Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lambo
