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Hello this is Matt on the moon Lambo Channel party don't stop Bitcoin hitting Another new all-time high the second of Many no doubt along for the remainder of This the cycle however long it ends up Going but it broke $70,000 and um and so what do we have Going on right now in the top 10 cryptos By market cap this is kind of hilarious To me out of the top 10 coins on the Entire planet in the world of crypto out Of over 20,000 coins you have two meme Coins that would be Doge and shib in the Top 10 you have two stable coins usdt And usdc leaving only six real coins in The top 10 on this day it's just I don't Know it just kind of struck me in a Certain kind of way we got Bitcoin eth B&B salana xrp and cardano that's it out Of the top 10 there's six I'm going to Share with you perspective uh from a Number of analysts including an analyst Who says that xrp is currently inside of What he's calling the Bull Run box and I'll show you exactly what he means and There's historic precedent for this in In previous sentences just like this it What where we're at right now ended up Being the exact moment where xrp just Blast it off and with the market running Hot like this it's kind of silly to me To think that it's not at some point Going to happen and it doesn't literally Mean today or tomorrow or next week
Necessarily but sooner rather than later But uh before going further I do 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 all Sorts of headlines like the one on your Screen here this one's from coin Telegraph bitcoin price hits $70,000 all-time high as us jobs data Squashes US dollar and um and so the All-time high uh um on coinbase Ftic to see this but um if you want to Look at your screen right here here's The 24-hour chart for Bitcoin here you Can see what happened this morning when Bitcoin hit its high and I know According to livecoin watch it's not Pulling um it's not showing a 24-hour High of over $70,000 it did happen though this just Has to do with the way that a livecoin Watch and coin market cap they it just Has to do with the way that they pull The data and they blend it together That's the only reason that it's showing The way that it is because there are Different prices on different exchanges Obviously because they're only their Basically their own little individual
Ecosystems with different buyers and Sellers on each platform so you get Slight variances which of course is what Creates the opportunity for Arbitrage But anyway uh so here you can see we had The peak and then just fell off a cliff It's the same damn thing that happened Just a few days ago when Bitcoin hit the The alltime high for the first time Exceeding $69,000 uh so what is actually happening Here why why are we see why did we see It last time why are we seeing it again Well it's not that comp Lex it's really Not that complex take a look at this Post from Scott milker known as The Wolf Of all Streets after price fell off a cliff he Wrote maybe if all these degenerates Would stop getting long with Historically High funding rates and 100x Leverage we wouldn't see a flush every Time Bitcoin reaches a High yeah that's pretty well spot on uh Chart analyst Jos rager pretty much Saying the same thing shared this Bitcoin price chart and said it's just So funny how every time Bitcoin breaks Another high it dumps right back into The range my friends Turn Down The Leverage it's just so funny it gets to The highs people are longing it yeah we Go to that Moon son and that's that's What I imagine they're saying to
Themselves and probably what they Actually sound like and then you get Liquidated to the tune of millions and Millions of millions of dollars just Stop it I just I can't I cannot relate To these people I understand that there Are some professional Traders regularly Do this turns out great for them for the Typical person no it's a horrible idea Playing with leverage if the thousands Of percent gains that historically have Been the norm in the world of crypto for 15 years are not enough from you you Have a Malfunction stop gambling with the with The with the asset class that will Already make you ridiculously wealthy in Short term compared to any other Opportunity that's existed you know Throughout the course of our entire Species maybe that it's just a thought Just I mean you can do you though you do You girl I'm I just a couple Moon Lambo Thoughts up here in this why is The common sense coming from the guy That's named Moon Lambo come on I'm just Saying here as I record this xrp 62.3 Cents Bitcoin at 68315 market cap for the asset class $2.59 trillion crypto fear and greed Index at 81 out of 100 now at the time I'm recording this it is 5:11 p.m. Central Time of Friday Friday March 8th 2024 so the crypto fear and green index
Doesn't update for about another 48 Minutes unfortunately cuz I'm very Curious to see where it's going to land Uh only updates once every 24 hours but Uh what you bet up down up down I mean We we did see the the crash after the All-time high but I mean it rebounded Pretty damn quick right maybe it'll be About where it is I don't know we we'll See what happens there um and then There's this post from santiment onchain Analytics from huge fan of s santiment Check this out it said Bitcoin has Established yet another new all-time High today reaching a market value as High as $70,100 Coinbase despite the incredible Milestones for crypto currency there is A com combined sense of exhaustion and Altcoin distraction coming from the Trading Community right now yeah and by The way I'm going to save this for a Separate video because I want to delve In in Greater detail and then this video Would just be too long if I did it right Now but um I I do have an explanation For why um or at least it's a theory as To why we we've been seeing altcoins Rally at the same time bitcoin's been Leading into a new all-time high which Is historically not normal at all Normally what you see is Bitcoin rally To new all-time highs and then at some
Point after that you see the rotation of Money from Bitcoin into large caps into Midcaps small cap coins rinse and repeat All that jazz but in that order what We've been seeing now is altcoins taking Off but Bitcoin only within the last few Days it's hit new alltime highs twice But barely and then and then even when It did it fell precipitously almost Immediately so why the hell do we have Doan shib in the top 10 right now the Meme coins taking off shib up 14.28% in the last 24 freaking hours Well more on that in a separate video But it's interesting that they're that They're noting this anyway santiment Continues the percentage of discussions Related to bitcoin versus other assets Is at a fairly healthy 27.5% right now but not nearly at the Euphoric level shown when $60,000 is Being eclipsed just 9 days ago and this Is a good thing fomo and greed are Typically top signals Additionally the Mean dollar invested age metric Indicates that previously dormant coins Are continuing to move back into Circulation at a rapid pace This is one of the common factors in Nearly every bull market until crowd Euphoria and coin stagnancy take hold on The Bitcoin Network once again market Caps have a path to continue climbing And so folks uh to translate that at
Least the important most important I'd Say takeaway from that is all coins Going and Pop so we they don't all pop at exactly The same time but I'm telling you I just I cannot imagine a world where xrp isn't Part of this it just doesn't make it Damn bit of sense the market has already Decided xrp despite the SEC attack Deserves to be in the top 10 coins by Market cap so the market has chosen that But you're telling me what is it going To be the only top 10 coin to not hit a New all-time high again this cycle Because I don't buy it I firmly believe The only reason it didn't hit a new All-time high the only top 10 coin by The way that didn't is because it was Under attack which scared people away And understandably so and it did still Rally and correlation cool to see that But the money is going to rotate into That son of a I just I firmly Believe it if I'm wrong I'm wrong I Could be but I have my conviction for Good reason I Think uh here's a post from chart Analyst Ali Martinez Said historically whenever Bitcoin has Shattered its previous alltime highs it Has consistently taken about 8 to 11 Months to hit a market top with Bitcoin Currently soaring to record highs Historical patterns suggests the next
Bitcoin Market top will be sometime Between November 2024 and February 2025 and so I will acknowledge it's Possible that's the case But I don't folks I I still think it's Possible this thing could be wrapping up Within the next several months or so you Know four six months something like that We could be seeing the top soon I mean And he could be right he could be right When you think about last Market cycle Um you know what what happened how long Did everything Take so we'll see it's just my gosh There there are some things that are a Little bit different which is why I've Been saying recently it's you know History doesn't actually repeat itself It just kind of rhymes with itself so It's fairly similar but we're going to Find out together either way whether It's whether we have the blowoff top and Everything's at its height within the Next few months three four months Whatever it is or if this bleeds into Early next year well then fine we'll Just have that much fun for a longer Period of time but given that this has Been a bull market since the end of Basically 2022 that's uh that's that's kind of an Ass that's it's possible it's certainly Possible you guys have to tell me what You think now as far as xrp which is the
Coin that I'm still uh most interested In because it's my largest individual Holding uh here's what chart analyst Egreg crypto had to say and again more Focus on xrp BTC because it is warranted This trading pair this is warranted Pricing xrp in Bitcoin and here you have A a chart showing just that xrp BT TC Going back to 2014 and he wrote um xrp BTC official Bull Run Announcement xrp BTC is currently inside The Bull Run box if Bitcoin pumps then Xrp is likely to Wick lower into the Bull Run box potentially signaling the Official start of xrp Bull Run 2024 and Yeah it is just a matter of time like You can see it's literally on your Screen history unfolding in the way that It it has been doing for the last decade Literally look look back at a 24 2014 Here 2017 20121 when xrp looks the worst against Bitcoin this is when it happens and you Can see it bleeding into this area where Historically that is me yeah things About to go son we are that close Actually and if if it's look if xrp Weren't going to be treated the same way As other coins you know like other other Large cap coins that ultimately pop off It just doesn't make sense to me that it Would still be in the top 10 it just it Really
Does the market would have gotten xrp The hell out of here by Now but the market does value it that's Why it's here that's the point on a Global scale it's Valued it's super rare so this is a Really neat moment in time and we'll see What happens together but at some point It's just going to go and I I'm not Expecting that to you the first pop to Be a run to the alltime high it's Probably going to run up and some sort Of notable fashion and there'll be a Pullback and some consolidation sideway If history repeats anyway and then we'll See the true blast off at some point After that probably months later and I Mean could happen sooner though I you Know I'm not ruling that out sometime Again history doesn't literally repeat Just kind of rhymes with itself but it's Going to be neat to find out uh then There's also this from Egra crypto this Is an xrp USD price Chart xrp midterm targets backbone Junction we need to achieve the $1 Mark And then $5 50 and $6.50 with a little Bit of wicking process to $750 xrp Army stay steady xrp is above The backbone Junction which is bullish Any wicking process is for buying and Not crying not crying I like the cat of His jib that sounds that sounds Fantastic to me it's and those are
Perfectly reasonable T like targets to Me and I don't make price predictions Seems conservative to me though That's pretty pretty reasonable pretty Responsible we'll see what happens here I will not be surprised if xrp ends up Going much higher than that even though To me it It ultimately like I'll be Excited for everybody else the community But for me on a personal level uh for You know for my financial well-be it Won't matter because I will be out of The market if it goes much higher than That you know I I just I imagine the Last shred of xrp I sell it's probably Going to be close to eight bucks after That you know I'm thinking scaling out From five to eight bucks that's that's What I'm looking at here and I explained Why many times in a nutshell in case There's people new and you're curious The reason is I bought a ridicul to me Subjectively what to me is a ridiculous Quantity of Xrp and uh the reason I did that was so That I could reduce my exit points Because when I used to have way less xrp I was thinking there were times when I Thought okay I'll have to I'll sell to Get what I want maybe it be like you Know 30 bucks or 25 bucks but the more I Bought I was able to continue bringing That Target down uh taking that risk off The table because I'll be able to if
Look as long as I sell at that range I'll get the dollar figure that is Sufficiently enticing to me and then if It runs well beyond that well well good For everybody else that sells at a Higher price than me and I mean that I I Do mean that uh I won't be crying about That though it's about taking risk off The table so I took more risk up front By purchasing all this xrp but that also Means I want to drisk sooner that's the Whole point of this thing exciting times Ahead my friends mark Market is hot Right now this is clearly like it Couldn't be more clear this is one of The most moments and it was just within The last you know even a month ago think One to two months ago where even though We were optimistic I sure as hell was You know I still am but there was still A little bit more of a question mark As To okay is this really going to be Something where Bitcoin runs to new Alltime High and alter running and Clearly the answer is yes Absolutely so we'll wait to see what Happens here but it is it is definitely Exciting I'm a financial adviser you Should not buy your 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
