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Hello this is Matt on the moon Lambo Channel what exactly does this pullback This most recent crypto wide pullback Led by Bitcoin what does it mean for xrp Well I'll share with you perspective From a chart analyst who warns that we Could see xrp go a fair bit lower and Even lower than where it is at the time I'm recording this which is 57 cents uh Fair bit Lower but of course you know I still Thinking if Bitcoin rebounds from here Perhaps we don't have to worry about That type of stuff but I want to provide Some additional thoughts in perspective Because um like what like this pullback We're having right now to what degree Does it actually matter how does this Rank among other pullbacks we've seen at Other points in time during bull runs I Want to spend a little bit of time on That as well because I there's a reason That despite this pullback and my net Worth going down a lot over the last few Days is the Market's contracted uh I'm Having a grand old time this volatility Like I've been in the space for over six Years I just don't give a damn I know it Doesn't matter it's just you have to Expect pullbacks when the market does Something that you know you have 15 Years worth of History telling you you Know you should expect and is normal Then when that continues to happen you
Shouldn't be surprised it shouldn't hit You in the fuel Fields if you just let The data sink and be like oh yeah well Of course that happens especially after Big moves to the upside so I want to Talk also about the opportunity because I went on a bit of a buying spree over The last three days I've accumulated 11 New coins and you know I didn't need to My bags have been packed but I keep Burning new money got to put it Somewhere decided to put some into Crypto purely because I was enticed due To a pullback it was the combination of Those things me earning new money price Go down I like well okay why not and It's true that these coins that I Purchased undoubtedly would have been Better to purchase them half a year ago But you can't buy every coin on the Planet so now that I do have new money Now that I didn't have half a year ago Now I can do something with it I didn't Have this new money to do something with Six years ago I have earned it so got to Put it somewhere and so with there being A pullback to me it just kind of makes Sense and so lots of people feeling Scared and down and sad and I'm just Sitting here like no let back up the Truck are you kidding me these are the Moments where if if you're if you're Interested in increasing your crypto Exposure historically it's moments like
These that are worthwhile because we Don't have cycle top indicators right Now we are not there yet Folks but before going further I do want To be clear I do not have a fin cial 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 making YouTube Videos about crypto related topics but Just as a hobby and just for fun all Right so here's a post from a popular Chart analyst named wrecked crypto 430,000 followers 43 not 430 430,000 Followers on social media platform X and Uh he shared this just earli this Evening 6:55 p.m. and what's on your Your screen here is a just a bitcoin Price chart in United States dollars and When it comes to these Pullbacks when this when Bitcoin has a Pullback the market responds and so if You're wondering what does this what Does this most recent pullback actually Mean for xrp and all these other coins CU I'm assuming that most people are are Like me and not even if you hold Bitcoin And your pro Bitcoin you're probably not As interested in that as you are about Xrp or pick your altcoin of choice Because there's way more opportunity in Those it's it's very obvious here but Still it's all tied together and so
Here's what wck capital had to say he's Talking about Bitcoin specifically but Just keep in mind as he talk he's Talking about Bitcoin and all of these Instances that he cites the market took A serious hit not just Bitcoin and so he said here since the November 2022 bare Market bottom Bitcoin Has experienced the following Retra 23% so negative 23% % February 2023 lasting 21 days then there was a Market got hit by 21% so negative 211% Move aprilay 2023 that lasted 63 days and let me Remind You 2023 was a good year to be in crypto We had been SP we spent the whole year Climbing out but there are long periods Of time throughout the last calendar 2023 where maybe it doesn't even may you Don't even recall it being like that you Just look back like yeah this pretty Much good but for those moments those 63 Days people weren't necessarily having The best time now I was because I'm not An idiot but there are some people who Were feeling a bit fearful right and so I'm just saying like this stuff's pretty Normal and then he said here negative – 22% July September 2023 lasting 63 Days uh negative 21% January 2023 Lasting 14 days and then he says this Current pullback is only the fifth major
Retrace since the 2022 bare Market Bottom all of the pullbacks experienced Just over a Nega 20% retracement Depth Bitcoin has pulled back- 16% thus Far but the retrace began only last Thursday folks think about that did you See how how long these pullbacks lasted The shortest one was January with the ETF the market was already really hot Though so I'm not surprised that was the Shortest one 14 days but the other the Other one 63 days another one that 63 Days and then and then one that was 21 Days so we are just several days into This Roughly and so then he Says um the current retrace has Therefore barely lasted a week in some There are two key takeaways about Retracements in this current cycle Number one the closer Bitcoin gets to Ative – 20% retrace the better the Opportunity becomes retraces need and Then number two retraces need time to Fully mature at least two to three weeks At most two months and so folks we can Be optimistic that there's a chance that We're through the biggest of the hit but That's not guaranteed we've seen Pullbacks historically that have been Over 30% but if you're just looking at What's been the norm since the bare Market bottom we're fairly close to that Actually so maybe it does go a bit lower
Um and so that that's why you know as I've been purchasing I'll talk more About this in a second like I purchased For the last three days straight and I'm I'm done for now but um if we actually Do see the market tank further like say Bitcoin gets in the 50,000 like say it's Like 55,000 say it gets really close to 50,000 then I'll get really excited I'll Be like whoa this is a big boy in terms Of pullbacks um I mean compared to the Other ones we've seen since the bare Market bottom in 2022 uh then yes I will Get even more ridiculous about This because why the hell not I don't Need it but you know I'm earning money Got to go somewhere I know we're in a Bull market I'm optimistic it's going to Go way higher and so is what it is I I'm Not now mind you I'm not saying that We're going to get that opportunity but I'm going to be having a good old time In the world of crypto if that does Happen um here's a post from chart Analyst jelly said and if you do want to Buy the dip be sure to not buy too much Too quickly these things take time to Unfold buying shortly after the bottom Instead of trying to buy the exact Bottom gen generally works best yeah so Nobody's going to be able to actually Hit the bottom so I think it's kind of a Fool's errand it's more like when you
See a major capitulation event if you're In the the market to to accumulate more Historically those have been good times So I'm not telling you to buy or not buy Do whatever you want I'm just saying That's my belief based on what we've Seen we got 15 worth of data that I say Pretty well proves this and that's also Why I said a second ago if the market Tanks further I'll not be scared I don't Care what it means for xrp Price maybe It gets into 50 cents God forb get in The 40 something Cent region oh my God The world's over I will not be crying That will do nothing to make my Confidence waiver because I know it Doesn't matter it has nothing to do with Fundamentals it's just scared people Speculating humans like people going to People this is just how people behave When it comes to investing uh I'm not Going to I'm going to be excited I'm Going be having a good old time And and so and that's also why though Since you don't know where the bottom is Like I said you know maybe some of my Capital never gets deployed if if this Is more or less it like if it goes down Just a little bit lower I might not be Enticed to buy more if it goes a fair Bit more fair bit lower then yeah I'll Deploy Capital but if not then it Doesn't happen and there have been Moments like that in the
Past I mean I actually had um I Mentioned I haven't talked about this in Years because it hasn't been relevant But even when it comes to xrp so I Haven't purchased xrp since October 2020 And it's still by by far my largest Individual crypto holding and I actually Had um I had a stretch go like I I I Actually well I actually hit separate Stretch goals I can't remember how many At this point because it's too many Years have passed but I set one final Stretch goal that would have got me to a Really cool Mark and I never got it I Never got the damn thing um because it's It's it started moving up um but but That's okay you know I I already hit Multiple stretch goals so it was really I'm very thrilled with with the of my Xrp position for for sure but there was One final one right there and so there Have been moments in the past where I'm Like well you know like I just got to be Sufficiently enticed if I'm going to hit Hit you know extra goals here so that's Why I'm kind of looking at like well if The market takes fur tanks further then Yeah but I got to be enticed to actually Make the purchase Here um and so I shared this post uh Just uh you know several hours ago Whatever it was um talking about how Been behaving because again I know a lot Of people afraid worried what's happened
With my xrp which I'll talk more about In just a second here but uh it does not Make logical sense to be fearful here it Just doesn't you know if if you're Fearful either you're new or you're Overexposed or who knows and and Sometimes even if you're not new it's It's okay like people still get afraid But sometimes you just need to reminder Like this is normal like the stuff here Is Normal uh and I happen to be pretty good At managing emotions on this thankfully I haven't been scared about uh crypto Price action since uh August of 2018 so I know what it feels like I've been Through it but that's when I was newer To crypto i' had been in crypto for less Than a year that was the last moment I Ever experienced it I remember I've Talked about that story I happened to be In San Francisco on a trip I saw xrp Price get down to 25 C you know I'd been Dollar cost averaging in from 55 cents I'm losing all this money I felt I felt Fearful and then I just let the logic Kick in I just did it and then for some Reason I didn't know that would be the Last moment I ever felt fear because of Regular volatility in markets it was Though And ever since then I'm just like yeah It doesn't matter it just doesn't matter And I've been in this too long and I
Believe what I believe so strongly that No it just doesn't hit me anymore it Just Doesn't and so here's what I wrote I Bought 11 cryptocurrencies over the past 3 days since the market is down all Stuff I had not purchased before if the Market goes lower I'll buy more stuff And so I'll pause to note here um before These purchases when in the last few I Was already holding close to 30 Different cryptocurrencies I'm going to Have to actually count at some point but With this addition I now hold close to 40 different cryptocurrencies actually Which is more than you necessarily need To have to have life-changing wealth but Whatever Brer exposure I don't give a Damn and I'm not it's also to be clear Like what I just purchased I'm not even Counting on this for my life changing Wealth it's the cherry on top if it Works it works if I lose everything so Be it I'm good I'm just I'm just not Worried about it I'm really not now in a Likelihood with where we are at in the Market I think that what I just bought Because it's crypto stuff it's likely to Go up once the market rebounds that Would be my Guess but I also wrote I didn't need to Top off my bags or create new positions But I keep earning new money that has to Go somewhere and a pullback of this
Degree seems like a pretty good place to Buy I went a bit further out on the risk Curve than I thought I would but nothing Crazy I didn't purchase any mean points I'm basically just increasing my Exposure to the asset class in a segment Of the market that I didn't have much Exposure to prior to this buying spree It's a little riskier but since these Are lower cap coins the rewards in Theory could be desirable from a Multiplier perspective and so and I've Talked about this before the further you The let's just word it like this the Lower you get in terms of market cap Ranking uh that's the market telling you These coins are viewed speaking to be More risky that's why they're not at the Top with you know Bitcoin and Ethan xrp That that's just how it is now since There's less money in them if they are Going to go up those those coins in Lower market cap there's a reasonable There very good chance actually if They're going to continue to go up Anyway but nobody knows for sure there's A risk here if if they Do especially if they're hitting new Alltime highs compared to previous Cycles if they've been around long Enough to do so anyway there's a good Chance that those coins will will just Crush the large cap coins even in the Top 10 even including xrp and and mind
You I think xrp is going to melt faces I'm fully counting on that it's my Largest holding for for good reason I'm Just noting if there's less money in a Coin and if it is going to take off then Yeah of course it doesn't take as much Money flowing in to get a crazy Multiplier effect that's all that is That's all that I'm saying and so these Coins that I purchased um because M like I I need to make sure everybody's wear This too else what I'm going to say is Not going to be meaningful at all I'm Lame when it comes to investing in Crypto because I I just I want fairly Broad exposure which I had even prior of This I would say but I I've always Wanted large and midcap coins Bas Basically the the larger the better in My mind because even with the larger cap Coins there's almost no money in them so You can still get some serious upside It's not the same as if you're investing In large caps in the stock market which Would be much more boring you know in Terms of return it's just it's not going To be that impressive But when you're talking about large caps In crypto there's almost no money in Them this is a tiny asset class and so I Thought I'm taking a ton of risk off the Table but if I'm right about the asset Class it's going to there's going to be Way more money flowing in over time and
So to me this seems closer to like being The Sweet Spot so that's been my Thinking the whole time I've been in This because I think too many people Screw themselves over playing with fire Getting into this stuff and I nothing Against that like I'm not trying to Insult the people that are buying the Meme coins I'm sure's lots of of you Listening have have at least dabbled in That um but for me I've just I've just Not had interest in going down that Particular Route because I I I know that most People get burned like most people are Not so for everybody that's every person That makes a bunch of money off of a Mean coin what's there like a dozen or a Couple dozen more that just just got Completely screwed on the whole Situation didn't do so hot it's not most People doing well and then the pumps my God and there's so little Liquidity for for many of these it's Just it's not my jam if it's your jam That's fine do what you want to do um For for me I'm just saying it makes more Sense to just be satisfied with the life Changing wealth that can come even from Large and midcaps because you fast Forward a couple decades trying to get Life-changing wealth from a large cap And perhaps even a midcap that might not Be a thing anymore you know so I'm
Appreciative that a large cap and a Midap reasonably can be expected to Offer sub like returns that are Life-changing truly meaningful including Xrp so what I did here was given that Many of my coins are in the top 10 you Know top 20 top say just top 100 in Terms of market cap with a ton of them Being towards like I mean think about What i' I've talked about that I hold You know Bitcoin eth xrp Cardano Harar you know And there there are a bunch of others But there's I'm just trying to make the Point that a ton of what I hold and the Core positions where I did research and I have the most conviction in uh those Are the those are the ones and so when I When I made this purchase it's not Because I have strong conviction about These particular coins it's more like I'm making a bet based on historic Precedent that the asset class moves in Better and I just don't give it in That's pretty much it I did surface Level research and that's pretty much it But I just thought okay I've mostly got Coins in the top 100 let's just let's Just get a little bit outside that so a Lot of what I purchased and I'll show You in a second what it was in case Anybody cares but a lot of them are Ranked between number 100 and 200 in
Terms of market cap um I know at least One of them was ranked when I bought it I guess it was today actually way in the Am I think it was ranked like 463 so like for me that's way out the Risk curve for me now for lots of other People they're buying coin rank number 20,000 okay I'm not play I'm not messing With that I just I don't have interest So I went a little further out um and For some of you you're like yeah I've Been there the whole time I've been in Crypto and if so that's fine you know We've all got our own preferences I'm Just telling you what mine is and what My thinking is on this um but I went a Little further out um you know we we'll Just see what happens but I I think that This is a good time to buy I think the Market's going to come back and it's I Mean probably a lot of them I mean even If just like a couple of them work out Like say one or two I'll probably make My money back and I did put like a like A serious amount of money I would say Into it so even just one or two come Back to to some re and really take off Um okay well I'll probably more than Make my money back So understanding historically where we Are likely to be at in this market cycle I'm not really worried about and so then I wrapped up my post by saying if I lose Everything I invested these past few
Days so be it but I don't think the Market top for this cycle is staring Us In the face my suspicion is the biggest Mania phase hasn't started yet but I Think it's coming and I expect it to be Shortlived I'm more than ready for it Yeah so when the fireworks come the Grand finale that's it's fun but it Doesn't last long we are not there yet And so somebody asked me somebody named Uh zal wolf maybe that's how it's Pronounced asked me uh what were your Coins of choice that you didn't have as Much exposure uh to before and so I Shared them I don't need to read them They're on your screen if you want to Check them out there and to be clear This is not some sort of invitation to Copy me I did surface level research it Was more about just having broader Exposure to a segment of the asset class That's a little further out on the wrist Curve I think it's going to move in tan Because historically it has that's Pretty much it there there's there's Really nothing more to it than that We're going to see what the hell happens And uh if it doesn't work out for me I Don't care like I don't need this to get My life- changing wealth my my crypto Bags before this even though I put some Real money into this stuff for the hell Of it these some people might say esort Coins uh I'm good good my my bags are
Already packed but again making more Money market goes down yeah why the hell Not why the hell not and it's not the Same quite as gambling because I've been In the six years and I know where I Understand roughly where we're at I Don't need to chart be a chart on this To understand where we are in this Market cycle in all likelihood and to Also understand that the asset class Moves in Tandem not the least bit afraid of this So we'll see what happens now as far as Xrp specifically I do want to share with You perspective from chart analyst egreg Crypto and I'll make this chart full Screen here uh warning that it is Possible xrp could go lower uh now to be Clear even if this happens and he's Spoken about this enough that I I know His thoughts of this it's not going to Change his conviction you know in terms Of what xrp is going to do hit a new All-time high uh you know blasting into Price Discovery even if we see these Moves to the downside which might sound Scary or intimidating on the surface Might make some people feel like thrown In the towel but to me it's just like no Doesn't make sense it's not what it does For me and we don't even know for sure If it's going to dip to that but uh Here's what ereg crypto had to had to Say this is XP USD price chart and he
Said xrp Bulls next task update xrp just Experienced eight Wicks below FIB 382 in This 4-Hour Candle what's next xrp has now had eight Wicks below FIB 382 in this 4-Hour Candle this might be the first 4H hour Candle to close below FIB 382 Potentially leading to more downward Pressure towards 53 cents to 55 Cents stay xrp Army stay steady ignore The fluctuations of 5 cents down and 10 Cents up anything below $1 is a lifetime Opportunity yeah so I absolutely agree With the sentiment I think you know if We're right about this and I I have the Conviction I have time time will prove If my conviction is rightly placed or Not I don't technically know for sure And I you know I can appreciate the People that say I have zero doubt cuz I Understand that what they're really Doing is displaying confidence and most Don't literally have no doubt if you Have if you have no doubt then you might Be irrational but if you're just saying It as a display of conviction I can Respect that um I have a little bit of Doubt but I have very strong conviction Xrp yeah it is what it is and so I I Have this feeling that when we look back A decade or two in the future at these Prices of xrp below a dollar and you Tell you tell people 20 years from now You bought xrp when it was like you know
Two xrp for a buck they're going to look At you like what you had that how They're go how much xrp did you have Just like you know early bitcoiners Right when it was easier to get like Hundreds of Bitcoin you you know back in The early days thousands of Bitcoin it's Going to be the same thing and so my Conviction leads me to suspect that's The future that we'll be looking at it's Just that nobody technically knows for Sure but yeah that's that's why this you Know 5 cents down 10 cents up as he Worded it here I'm like yeah doesn't Really mean anything big picture either We're right or we wrong in all of the Josell in between over the span of years It doesn't mean anything none of the Movements over the last however pick Pick your number of years three four Five six years even at this point none Of it's mattered because one of two Things will happen either xrp goes to Zero or it hits a new alltime high one Of those things is definitely going to Happen neither of those things has Happened so what has happened in the Meantime it's regular volatility outside Of a course the SEC coming in and uh Messing things up and changing what Humans would have done in terms of Investing in xrp last Market cycle but Setting that aside again it hasn't gone To zero it hasn't hit a new alltime high
I'm waiting to see which it is my bet is That what's most probable is new alltime High and what happens in the meantime Though it scares people makes people Feel unsettled it won't matter in the End either we are right or we are wrong But the the price action in between in And of itself is not an indicator of us Being right or wrong it's just happening Because it's people just bouncing off One another like they're MH pitting Right like the youths do do the youths Still do that I don't know I'm 40 but But that's it that that's it it doesn't Matter so I'm having a great time I Topped off my bags it's it's fun and and By the way like as I've done it over the Last few days I'm down on like all of These positions because you don't buy The bottom like when you buy something You shouldn't assume that it's never Going to be lower in the future than When you purchased it you should never Assume that because it won't be true at Some point it's going to be even if just A little bit lower because you're in a Bull cycle it's going to go lower and so I'm in this I don't know where the Bottom is for this portion of the market Cycle this little this little correction Here uh so I'm down on this stuff but my Conviction is that we are not near the Top yet so I think that this stuff is by And large going to rebound pretty
Substantially here but yeah you just you Can't let the day-to-day stuff bother You and you can't time the bottom so you Can't worry about buying something and Then seeing it go down but people have Such a hard time with it because they Work hard for their money and if you put In what is a lot to you then when you See it goes down go down it scares you I Get That but that's why it's so hard for People to achieve life-changing wealth In crypto investing because of the Emotions you are Your Own Worst Enemy When it comes to investing period that Is unquestionably true the stuff ain't Free and so some people when it's all Said and done and we actually do have Our crypto life-changing wealth some People will tell you that you were lucky But if you went through it you'll know That it wasn't luck his it was mental And intestinal fortitude that's for damn Sure 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
