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Hello this is Matt on the moon Lambo Channel xrp hit just over 62 cents today And uh it's looking it's looking for a Breakout looking to move higher if it's Going to happen this is the part of the Market cycle where it makes sense for That to happen and frankly I think that There are going to be a lot of altcoins Popping off but uh I'm most interested In xrp it's my largest holding and I Know for many of you that's the case or If not your largest one of the more Consequential picks consequential picks That you have in your crypto portfolio So we're going to keep watching uh know Keep a close eye on this now we have to Talk about Bitcoin though in broader Markets though obviously because we are At this point where there are a couple Things that we really need to watch for Uh specifically where the entire crypto Asset class is at the whole as it Pertains to uh key retracement levels I'm seeing all sorts of analysts share Similar ideas on that but then also if If xrp is going to go and hit a new All-time high it's my humble opon that Bitcoin must hit an all-time high first Because it always has in the past and I Think that we have more confidence as a Result of what's happened over the last Couple days that that's probably going To happen because all the things that The Bears were saying were virtually
Impossible to occur like well not all of Them but a lot of them have Occurred so before we 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 of recording This video xrp is 59.3 uh 24-hour High 62.1 cents you got Bitcoin at 61,62 24-hour high of 63,0 444 bucks um and so you know really Not really surprising at all to see that Um xrp pulled back a bit after hitting Where it hit uh as as Bitcoin was you Pulling back just a little bit to not Surprising in the least here and and Really this is although it's fun to see That happy to see X RP break back you Know 62 cents like what's happening Today specifically is not of the Greatest consequence it xrp yes looking For a breakout but it's dependent upon Other things that are happening and That's why it's amazing to see some of The stuff that we've seen here in fact Um chart analyst Matthew Highland points Out everybody's talking about this now We just had the uh the February monthly
Close and this is a record check this Out Bitcoin monthly closes right below Highest close ever this is the third Time in Bitcoin history it has closed Six consecutive green monthly candles November 2012 through April 2013 and October 2020 through March 2021 uh Bitcoin will make attempt to make History in March by trying to close Seven monthly in a row so this Is before the having we've not seen this Before and so not that I buy into the Having situation you know I I've spoken My piece on that I don't want to get Into it in this video the whole having Thing but still for the analysts that Think that that matters anybody anybody That thinks that matters this is Happening at a time that it wasn't Supposed to the market wasn't supposed To be responding like this right but What about this analyst txmc notes the Following the time between Dow Jones All-time high breakouts and bit coin Breakouts averages out to 61 days Dow Jones broke all-time highs 77 days ago Interesting right so it's not crazy that Bitcoin is specific I mean if you look At again it's just one more piece to Look at it's not crazy to see that Bitcoin is moving just lagging behind That particular metric Slightly then there is also this and This is one of those metrics you can
Look at where it's just like not Surprising that we're not seeing um Seeing these levels yet because Bitcoin Hasn't hit a new all-time high it's just Another thing that you can drop in that Bucket and I've been I've been citing All sorts of stuff along these lines in The re recent weeks but here's a post From chart analy credible Crypto and uh so you can see a bitcoin Price chart at the top and he says the Days of low funding Longs are coming to An end as we break prior all-time high You better get comfortable with high Funding rates as they will be the new Norm higher funding rates for longer Periods of time and a higher Baseline of Funding in general the last time we Broke prior alltime High we went 3x Before negative funding was seen again And so look at this look at the funding Right here I'm circling it right here For those of you looking at the screen Look what was happening in 2021 in that so that would be the first Time that we had the major burst call it What say April and May uh as Bitcoin was Hitting what was then its its alltime High and then obviously you know it Cratered back down then we saw the final Alltime High a little bit higher than Whatever that level was in November of 2021 but look look at the funding uh During the first round of
Mania like we haven't had anything near That and when did it start though when Did you see these funding levels start Well you saw them start after it hit its All-time high but before it got up into The 60,000 so you can see that right here With your own eyeballs again it's just One more thing to look at we have not Seen that so put it in the same bucket As all the other things that I've been Saying in in recent weeks that just Seemed peculiar I kept saying if this Really is the high it's weird and that's Why I've been more bullish than bearish It's just kind of hard for me to believe That this time is different for all the Reasons we talked about right and this Is one more and so he's citing right Here because he firmly believes we're Going to be seeing an all-time high in Bitcoin you are going to be seeing those Funny rates it's so what we're talking About here specifically is uh leverage Longs primarily that's that's what You're going to see and people always They always do by the time everybody's Leveraging long um that's typically the Worst time to be doing it right this is Why there's been a lot of shorts on the Way up and they're getting liquidated And then by the time flip they flip Bullish leveraging long they get wrecked Then too just like I just don't get I
Mean like there are some traders that Have succcess playing with leverage I Just for the typical person it's just Like the stupidest idea you could Possibly have like just my humble Opinion I'm just Saying um and then there is also this uh Just to be clear credible crypto he's Been talking about this idea of Basically um a lengthening cycle for Literally years on end and so he shared The following now that we're seeing What's happening just just within the Last couple hours he shared the Following most people don't understand That all that I'm doing right now is the Product of the last five plus years I've Spent in these markets developing my Higher time frame cycle thesis testing It along the way putting it up against All the other uh Theses out there Learning and absorbing everything I Could all so that when this final fifth Wave came years down the road I would be Ready the positions I'm taking now the Gains I'm making they didn't come easy This is a plan five plus years in the Making all culminating in this final Move of the cycle I've spent endless Hours and energy preparing for this very Moment and so the reason I wanted to Highlight that is because he has been Calling for this and this I just want to Show you some actual proof right here
I'll make this full screen this is one Of his posts from April 3rd of 20 20 20 Right here at the bottom and he said we Can expect that the high of this next Cycle will not be met until after 2022 And most likely sometime after 2023 so That would mean the soonest would be This year we've just started 2024 he's been calling for this and so What he saw in 2021 when Bitcoin peaked At about $70,000 he's literally been saying for Over three years that uh that well Actually four years at least that uh Like that that's not the top so he he's Been he been talking about this thesis Forever because he he literally posted That before we saw the the the Mania of 2021 so whether you agree with his Thesis or you don't everybody's entitled Their opinion that's fine I just wanted To note that he's been very consistent For several years just about at this Point and and so we'll see what happens And by the way I was listening to some Of what blockchain backer had to say This morning I'm sure of you have as Well because I've been very curious to Hear his perspective on this and you Know he he says um just a couple things That caught my attention you know he Says if we hit a final particular Retracement level for the entire crypto Asset class that's when we can expect
The entire crypto Market to go Completely nuts and I remember him Saying like bitcoiners if you're lucky Maybe you see 100% to 200% gains if You're lucky but and that's assuming That that particular level's hit but for Altcoins you know be more like what 2,000% and I thought yep Bitcoin is not The place to be it's the altcoins like Xrp for example so you know if if we hit That escape velocity allcoins absolutely Will be where it's at you know the Missing piece of the puzzle is uh is Stock Park Stock Market expansion you Know which we're we're not seeing right Now despite new highs so if you look at The Dow Jones look at the s&p500 where's The rest of the expansion because it's Just a handful of large companies uh That had led us to all the re um recent Highs and um and he was pointing that Out and I've been talking about this a Fair bit too like it is peculiar Obviously right and that's a very good Point so you know the big question is Will we see broader Market expansion in Particular with midcaps and and small Caps in the stock market is you know is There historic precedent for large caps To lead the stock market and then Everything else catch up and the answer Is yes actually you know we we we have Seen that before I shared data on that a Few weeks ago you know you can look at
Like for instance the Russell 2000 Lagging behind by like 10 months I I Showed um there's an instance where that Happened so it can occur but blockchain Backers concerns are legit because every Single time we've seen the crypto Market Go nuts it has been at a time when There's real expansion in the stock Market not led by just a couple Companies Right and oh by the way he also noted uh You know during expansion periods in the Stock market you typically see uh gold Decrease in in in price and why because In times of Stock Market expansion that That's where the money is Thrown into those equities because That's where the expectation is it's Good times hey let's ride this thing Right and in times where the stock Market isn't performing as hot people May purchase gold as a hedge against to Much times which makes sense right so The fact that gold hasn't been Decreasing in prices a metric to be Aware of also and he pointed that which Again I think these are fair points he Brings up and of course um you know both Of these things can change but know Blockchain backer is correct that there Is a bit um you know it's a bit peculiar If we're going to see the crypto Market Go go ballistic it's just it's not what We've historically seen it's a bit
Outside the norm of what we typically Expect and so I've been aware of these Things I've been talking about them too But I also said looking at every single Other metric outside the chart stuff I'm Not a TA guy outside the chart stuff Almost every other metric I consider Says I don't know how this thing could Be done because this time is different I Went through the whole thing I I I kind Of beaten that horse to death so I won't Get into it but I I mean I added one Metric in in this video you know with The you know with credible crypto Highlighting the um the funding rates Here like where where's all the leverage Comp compared to 2021 it isn't here Right um so it just seemed weird to me You Know um I also wanted to highlight this This is kind of Interesting um from credible crypto he Writes Litecoin has been consolidating In a wedge a wedge like structure for Nearly two years now since I identified Its bottom but I think it's time to Start paying attention to it both high And low time time frames are shaping up And building a position and look I'm Assuming that most people don't care About Litecoin at this point I think It's like number 21 in market cap or Something like this I hold it it's the Second crypto I ever purchased I've been
Holding it since 2017 do I care about it No I I don't do I have yes Um but I wanted to point out even Litecoin which I'm not I does it offer Utility is anybody using this thing for Anything is it going to be here in a Decade 20 years like does anybody care I Just want to point out that Litecoin hit A new all-time high in the First Market Cycle that I was in in 2017 going into 2018 it hit it also hit a new all-time High in uh in 2021 and the reason I wanted to mention That is to note xrp didn't hit a new Alltime High last Market cycle and I'm Just it just all it does is further Instill this confidence I already have In this point that the only reason we Didn't see an xrp alltime highl Market Cycle is because of the SEC attack that Makes a ton of sense it's the only top 10 coin that didn't and but also to Highlight this asset class moves in Tanem like if alt if Litecoin is going To Go you better believe I'm just saying Like xrp it's going to go so if we hit These levels and and then the markets Ablaze again which we have seen Historically many times yes of course Xrp is going to go the fact that it is Where it is not weird not weird in the Least uh there's also this from chart Analyst Matthew Highland Bitcoin hold
60k for longer equals bullish and by the Way he was posting stuff like this Before we saw this most recent leg up Here over the last couple days it was Actually I guess right here for those You looking the stream where I'm Circling he's noting uh looks like like Bullish Divergence and wouldn't you Know so we'll see what happens but he Seems optimistic that should this hold And it looks like it is so far at least Not a guarantee uh but get ready for Some more fireworks perhaps um there was This though from chart analyst Ali Martinez he wrote there has been a Significant spike in profit taking uh by Bitcoin whales over the past three days They've sold off more than 880,000 Bitcoin equating to approximately $4.8 Billion investors and Traders are Advised to proceed with caution Okay so Fair enough um the question here then is There going to be enough demand here to Outpace the selling of the whales Because just because whales start start Selling you can see them like I've shown Charts before you can see over a long Period of time whether it's weeks or you Know months whatever whatever it takes You can see the whales because you can See the wallet sizes and you can see When they're selling but the price still Keeps going up so this doesn't for sure Mean that we're in the short term going
To see move down but it's I mean sure It's possible I don't don't pretend to Know um I just I've been around long Enough to know that the moment this Starts happening isn't necessarily an Indicator that is indeed the case that We're going to see a correction but of Course you're going to have a correction At some point that's that's a certainty It's just kind of a question of when so I just thought I'd mention it at least We'll see what happens but man what an Incredibly exciting time as an xrp Holder specifically and yes certainly Just broadly being in crypto but I'm way More excited to see what happens with Xrp than Bitcoin that's for damn Sure it's it's alive folks xrp is Absolutely alive I'll talk more about it In separate videos but again the fact That uh the xrp BTC pair looks like Garbage historically that's a really Good sign however bad bad or Counterintuitive that sounds on the Purpose it's it's a sign when there's That big of a discrepancy the market Takes notice and xrp just starts moving Historically it just has and you can see Their Signs of Life today it jumped up To 62 cents and fine Bitcoin went down a Little bit xrp went down a little bit After that not even a crazy Amount Signs of Life folks xrp is Looking for a for break I'm telling you
If if Bitcoin hits a new alltime high Like I'm the whole Market is going to go Ballistic we are here for it like we are Positioned like almost everybody Listening to this right now I know you Most the vast majority of you have been Around for years so you're you're Positioned I'm willing to bet and I hope That you did all the positioning that You wanted because uh the time for that Is mostly passed let's say I think I Mean I understand that the prices we Have today they're going to look cheap By the time we're towards the end of the Cycle I get that but I'm just saying in Terms of if you want to get the most out Of the upside potential here you Know this is pretty much it in all Likelihood if the analysts that say We're going to hit a new alltime high Sooner than later are correct for Bitcoin and we know all to follow yes And all coins that's the place to be That's where the life-changing wealth Will come in for most people it's an Exciting time folks I hope you guys are Having a fun time you're like I just I'll feel better once Bitcoin officially Hits a new alltime high and maybe we'll Get lucky and for the first it'll happen Before the having if not so be it I I Just I'm still I'm still optimistic 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
