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Hello this is Matt on the moon Lambo Channel is anyone surprised by the Headline on your screen right now here It is from the Crypt basic xrp records 19.9 2% gain from recent dip from 43 so this is xrp continuing to show That it's doing what it always does Which is to say it's following the Market broadly speaking when there are Big moves it participates and of course And when you look at the xrp BTC pair Which I'll briefly touch on a little bit Later in this video of course even if Directionally xrp continues to do the Same thing as the market including Bitcoin as the years pass in moments Where directionally it's doing roughly The same thing over a longer time frame But say it's Bitcoin that's uh you know Getting more money pumped into it the Degree to which the coins are moving in The same direction uh well it's it's not The same which is to say more money Flowing into Bitcoin because Bitcoin Leads the market and not as much flowing Into xrp can mean xrp price Rises over Time which it has done it's much more Expensive than what I dollar cost Average in for the first few years I was In crypto it's much more expensive than That now now more Money's been flowing Into Bitcoin but that's Normal the point is directionally it is Doing what we should expect it to do and
So that's why when people tell me that Xrp is not going to participate in this Market cycle I I just I got ask what in The ever loving hell is wrong with you To be honest with you it's proving it Continues to move with the market it is Part of the market so I'm going to share with you what's being Said right now by all sorts of analysts Because Bitcoin in all likelihood this Recent Dro that that was probably it Nobody knows for sure but it was Probably it and Bitcoin will continue at Some point to move right onto the upside Hit a new alltime high we're going to Have a crazy alt season and yes xrp is Going to Participate 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 enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun for those of you that can Take a look at your screen right now if You're not driving or doing something Else that would preclude you from doing So I encourage you to take a look I'm on Live coin watch and if you just look at The weekly charts on the right here Ignore of course uh the the stable coins
You know usdc and usdt but look at the Rest of the coins not all but almost all Of the coins have the same chart notice That xrps is strikingly Similar might be because the asset class Moves in yes yes this is not rocket Science of course xrp is going to blaze To the upside so if we have a crazy alt Season xrp I believe will hit a new All-time high in Enterprise Discovery People Just when they're feeling defeated and Especially like in moments we've had in Recent days where xrp got as low as 43 Cents I get it some people just don't Want to hear it and it seems impossible But it's only impossible and never going To happen until suddenly you wake up one Day and it happened that's just how it Goes in crypto though and like I Mentioned in my last video uh I've seen Drops way worse than this in 2018 and 2020 in particular with the pandemic Crash my God that was way worse and I Was having fun back then you can check Out my videos from the era I I I bought Stuff like that's what I do in Capitulation events I buy stuff I'm Happy to do So now at the time that I'm recording This by the way the time is let's see 5:50 p.m. central Time Monday April 15th 2024 xrp just a hair under 50 cents Bitcoin at 63,9
5 bucks you got the market cap for the Asset class 2.34 trillion and the crypto Fear and greed index at 74 um so this thing's going to update uh Here let me refresh on this uh 1 hour And N9 minutes I'm actually kind of Surprised I I thought that it it updated Exactly on the hour and it's it's 5:50 P.m. right now as I'm recording this so Is what it is but it updates in 1 minute 9 seconds so I guess I can come back for That uh who knows it's at 74 out of 100 So that's agreed maybe it's the same Could be a little higher because over The last 24 hours I mean things I mean You know not I mean a little lower I Mean I guess it could go down a little Bit we'll find out together I'll hit Refresh in a minute or two um but take a Look at this post from my fellow xrp YouTuber the blockchain backer and he Shared this chart it's a crypto total Market cap excluding the top 10 which I Think is always fun to look at because Even though I do hold a number of top 10 Coins including Bitcoin eth and Xrp um I think that a lot of the Life-changing weth that I assume I'm Actually I do believe I'm going to Acquire I think it's going to come from Coins outside of that and of course with Less money in them their uh the Multiplier effect that they can get Would be presumably even more
Substantial uh now that said I I've Explained many times over the years why Why xrp is my sweet spot when it comes To investing because uh you know you Don't want to be caught with your pants Down you know if if we get this moment Where utility supremely matters you know Xrp it's here it's here for the long Call and so in in terms of having a coin Where it's actually useful because my Investment thesis is utility matters and We'll win the today um you know that in Conjunction with even though it's a Large cap coin not having much money in It because crypto is might basically in Its infancy at this point it's in its Ncy so even large cap coins frankly Don't have that much money in them so You can still get that life-changing Wealth even from a large cap which will Not be true in the future so that's why It's a sweet spot for me tried and true Been around for over a decade and that's Why it's my largest individual holding Uh but I certainly acknowledge any you Know any coin that's going to run if it Has a lower market cap it's a virtual Certainty it's going to have a greater Multiplier effect but then how far out On how far out on the risk curve are you Willing to go and for me the answer is a Little bit I don't hold many small caps It's mostly large and midcaps but you Know I've got exposure I think that's
Probably the same for a lot of you Listening I think it's pretty reasonable But the blockchain backer he's been Buying some stuff he he's been saying That publicly and so he shared this Chart and wrote The Following now that These bottom sniped re-entries are up 23% on average I'm risk managing them by Selling 20% with stop set below Saturday's low for the remainder to make These re-entries risk-free set and Forget yeah so I think that's a pretty Reasonable approach that sounds smart Selling some of it just to make sure That the money you just put in is not Going to be lost and then some people Word it as now you're playing with house Money you know and I get the concept They he didn't say that but I get the Concept when people say stuff like that Uh now I'm not doing that and this is Not a critique of what he's doing what He's doing is perfectly smart I just Have a different investment strategy and It's more risky my in the sense that you Know when I buy a crypto I don't take it Out either I'm enticed to sell because It's worth way more in the future or It's not but I want the exposure and It's true that I would have been taking Some risk off the table over the years If once uh you know it's got some sort Of multiplier effect I take out the Money I invested but had I been doing
That for the last six years my crypto Position would be substantially smaller Than what it is now and so I I don't to That again this is not a critique of What he's doing and maybe he doesn't Always he's just saying what he's doing Right now maybe he he doesn't always Pull his money out but if he does that's Fine too it's what I'm saying is there's No right or wrong answer it's personal Preference And for me what I do is I take on that Extra risk because even if we go into a Bare Market the reason I'm not afraid of This even if we go into a bare Market Eventually we come out on the other side And I have a very long time Horizon my Time Horizon is whatever it takes that's Why I haven't cashed out to United States dollars despite being in crypto For over six years that's it it's pretty Simple so it's just I just thought I Cher my my thinking on that because it's An interesting topic of conversation but Um whether you're doing something like What I'm doing or what the blockchain Backer is doing neither's wrong it's Just personal preference and so I am Taking on on more Risk by doing this and I did make a uh a fairly large purchase I mentioned that in my last video on This most recent dip uh here's a post From uh somebody named Mr D and he was Writing to chart analy credible crypto
And uh this is a bad take but this guy Wrote bro it's War incoming charts are Getting invalidated so that's the Narrative and i' I've seen a lot of this That there's war coming and as a results Anything that we think is going to Happen it's just going to be all off Kilter and I don't buy into this I don't Buy into this at all and credible crypto Doesn't either and so he reposted that And shared some perspective he wrote bro Go look at the day Russia invaded Ukraine on a chart and tell me what you See Hint it marked a bottom from which We rallied 40% and which was not broken For another four months stop focusing on The narratives they trigger an emotional Response that has no basis in data which Means you can't refute it and it shifts You in an instant for making rational Data driven decisions to irrational Emotionally driven ones spot on spot on Absolutely golf clap for credible crypto Everybody ABS don't fall for the Narrative nonsense I firmly agree that What he's stating there is it just makes Perfect sense I don't even need to add Anything else to that honestly it's just Spot on he also shared this post he Wrote on top of the consistent spot Premium we've been enjoying uh funding Has also now flipped negative LOL bears Giving us more fuel for this move up and That was he posted that early this
Morning so he's expecting a move to the Upside and likely the bottom is in here There's also this post from chart Analyst Matthew Highland and he's not One of the analysts that was uh not from What I saw any he's not one of the Analysts that was warning hey one of the You know we're going to be seeing a drop Coming up here which we did see over the Last couple days and I put it a video uh You know probably a day before I think It was a day before it actually happened Or maybe it was that same day Technically whatever the point is a few Days ago I put out a video warning hey I'm seen from all sorts of reputable Analysts looks like we're going to be Seeing a crash here in all probability Though not certainly because it's not About certainty it's about probability When it comes to chart analysis and then We did get it uh now nothing against Matthew Highland uh he didn't call that But he's acknowledging that in hindsight Uh should have seen it coming and then He added some additional perspective Which I think you're going to find Insightful so here's what he wrote in Retrospect there were signs for this Bitcoin correction Ballinger bands were Extremely tight last week's weekly Candle closed $100 below the 2021 cycle Highs not above which was noted 3-day Macd crossed bearish a week ago it
Hasn't been as consistent so I was Hesitant to post it which I did not the Daily penet which we were watching had a False breakout which was noted usually False breakouts reverse hard to the Downside so looking back there were Signs that could have been used to more Strongly emphasize and recognize this Pullback uh with that said it was not Destructive for Bitcoin altz got Destroyed on a level close to the 2020 Crash it reached the point where there Were no sellers left you could not Place Large orders on exchanges without Pushing the price significantly up due To there being no sellers left for alts Uh perhaps the only reason Bitcoin and Eth didn't see a 50% crash this time was Because Wall Street is in the picture Now overall Bitcoin still basically Consolidating at all-time highs Al Punished but I think it was to rid the Market of the overleveraged in weaker Hands yeah you know I heard the Blockchain backer noting that this was Uh actually the largest liquidation Flush in crypto history so not the Biggest price crash in crypto history But the biggest liquidation flush in History so it's kind of like hitting the Reset button and here we are and there's Just more opportunity for those who Wanted to accumulate and we're going to Keep moving to the upside this Market is
Not over and the blockchain backer even Said that in his most recent you should Check it out um put out like a 14 minute Video or so something something and I Want to regurgitate a bunch of his Thoughts he's he did a great job sharing His perspective but uh a key takeaway Yeah though not certainly uh what is Most probable in his perspective is that The Bottom's in from what we've seen Over the last few days for this crash And then it's just going to move to the Upside and it was two days in a row so It and he didn't been calling for this Type of chart formation too for those of You that listen to his channel you'll Know he warned that you you know there's Probably going to be a crash and then it Start to move to the upside and then There' be another crash so the first One's kind of like a fake out and then It dips even harder and that's when you Really get everybody rinsed out uh he Called for the same thing for xrp Earlier this year I I want to say February I could be mistaken on that but Uh you know he said here's what's Probably going to happen it's going to Be low but you probably have a fake move To the upside it's just a fake out and Then another one to the downside and Then it starts taking off and that Actually did come to pass for xrp it Looks like the same type of situation
Here which I just found fascinating uh Here's a post from chart analyst Mikey Bull crypto Bitcoin this might be the Last trough point in this consolidation Channel before breaking out upside the Break out above it uh above will bring It to $100,000 so my friends what I'm seeing From all the that I an that I follow Is the higher time time frame picture Has not changed despite this pullback There's no reason to be fearful here and I'm certainly not but I'm also not Because I have a longer time Horizon Than like any other any Speculator on The planet because mine is just whatever It takes that's that even even if that Means another Market cycle or two Market Cycles from now God forbid I will be Here and I will just be holding I more Patient than anyone else on the planet That's That um here we have another post from Mikey B crypto and this is from this Morning talking about altcoins altcoin Market cap Bull Run is still on track And every dip is a golden opportunity And so this is a chart showing crypto Total market cap excluding Bitcoin Dating back to 2015 and so these moments that are in This light red color like you see what Happens Right I mean if history is GNA kind of
Rhyme with itself we're gonna have a Major major break to the upside for Altcoins by the way including xrp Speaking of xrp here's the xrp BTC chart So uh over the weekend we did get Another low with this massive flush so That part's not surprising because xrp Moves with the market but man on the xrp Look at the xrp BDC I just been ripping To the upside xrp priced against Bitcoin Ripping to the upside you'll love to see It so we we'll we'll see what happens Here but eventually a bottom does does Become established in that set and then You do get a reversal we just don't know For sure when's going to be but that Concept is not invalidated the concept Itself no it's happened every single uh Every single bull cycle and so to think It's not going to happen this cycle uh Like I just would have to ask anyone Believes that what is your actual Malfunction that does not make sense xrp Is going to blaze to the upside because It's a market participant unless there's A Black Swan event it all falls apart Then fine but there's not something Fundamentally different about xrp that Will cause it not to run of course it's Going to Run here's a post from Um attorney Bill Morgan he wrote the Performance of xrp against Bitcoin eth And USD is now entirely read on every
Time frame between 24 hours and 3 years And by the way he's bullish on xrp he's Just pointing this out um he's publicly Stated he's been purchasing xrp as the Price has been doing what it's doing Even in the scarier times where people Are bitching up a Storm um so he's just stating something That's factually correct but he is an Xrp bull that was reposted by chart Analy e Greg crypto and he wrote and you Wonder why I am so bullish on xrp yeah Exactly same here when it looks Invisible like this we know that these Are the moments in time based on Previous previous action previous Previous bull markets this right here Roughly whether it's today tomorrow next Week next month whatever it is this is The Moment right before xrp does start Ripping to the upside it just is that's This is the time to be bullish and then Other people are going to fomo in and Some will be buying the ultimately of Xrp that's not the time to be bullish This is the time to be bullish before it Goes here's another post from chart Analy e Greg crypto xrp the White Flame Update xrp is showing a whipped move With the bulls defending fiercely on the Weekly time frame to close above 50 Cents this potential lower high is still Ascending the channel indicating a
Strong structural in uh formation that Remains Mega bullish it's a lifetime Setup and trade opportunity xrp Army Stays steady if you were waiting for a Dip to buy this might be your Opportunity and so folks clearly lots of People have been taken advantage of that Extra be got down to 43 cents uh at that Level there are no shortage of buyers That's very obvious that's very very Very obvious looking good folks oh you Know what I said I was going to update The crypto greent deck um there's so Okay there oh I totally misread this Earlier it did update oh man okay I was Thinking it said um one minute and okay It was one hour okay I made a mistake Okay so it does update on the hour so I Have not lost my mind okay oh yeah so Anyway uh yeah it's going to be updating In in uh 56 minutes from Now anyway so we're at the the Crypt and Greex 74 out of 100 um I don't know my Guess is it's going to be somewhere Around here whether it's the same or a Little up or a little down I don't think Enough has changed for that to shift too Dramatically but it's just an Interesting metric to kind of track on a Regular basis to see where we are Because in those moments when we're in Extreme fear I always point out Eventually we're going to be in extreme Greed and then when we're in extreme
Greed I'll sometimes note eventually at Some unknown point in the future even if It's way in the future as it frequently Is we're going to return to extreme fear That's just how it is and then despite That Teeter tottering back and forth the Trend actually is still to the upside Which is why people who hold for really Long periods of time those are the People that make the lifechanging wealth Not the people getting in and out of Positions and making dumbass uh Financial decisions based on their feel Feels those are the people that fail so That that's why I'm so strict with Myself I do not sell I hold period And I Don't think that everything that I buy Is uh you know is going to be profitable For me I I I'm not under that illusion I Mean it could happen but I don't I don't Think that's probable I really don't but I think that I'm going to have enough Winners and enough of them will go up Dramatically that I'm going to end up Way ahead and I am to this point I've Been in crypto over six years and it Keeps trending that direction so cool it It works it just is what it is you just Buy and then do nothing it's not complex You don't that's why I don't have a Course to sell you you know I have Nothing to sell you that would be my Course if I if I were selling the course It would say buy stuff do nothing
They'll give me $2,000 you know like That's the course no I'm not doing that But it's true it it just works it's the Same strategy that works uh investing in Equities it's it works here in the world Of crypto so I just copied what I was Already doing in traditional Finance Applied it to crypto and once you know It here I am over six years later and my Crypto is worth way more than back then And I would have been you know thrilled Back then to know that what I'd done to This point even though I haven't cashed Up to United States sellers back then I Would have been thrilled to know where I'd be in 2024 and it's just going to Get better because we're in a bull Market son 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
