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Hello this is Matt on the moon Lambo Channel last night I shared a video Highlighting that many analysts agree That the fact that xrp price went down During that liquidation event uh was Actually good because it resulted in xrp Uh testing a particular level of support A crucial level of 54 cents it Wicked Below it down about 52 cents but it held It held for the whole day and um there's No shorters of perspective from people Agreeing that that's of crucial Importance so you might be thinking xrp Price go down we're happy well yeah Because and typically chart structure I I shed rehash the whole video yesterday But there's all sorts of analyst Acknowledging hey it's just ranging we Need something to happen and then they Give their technical analysis reasons Why they believe that well there's also Uh today a very popular chart analyst Out there who says that xrp is ready for All-time high and that's a direct quote So lots of confidence out there uh even Though the price went down yesterday and Hasn't fully recovered it's you know xrp 59 cents at the time that I'm recording This uh so I want to share with you some Stuff including analysis on what's Actually going on big picture because I'm still afraid xrp doesn't hit a new All-time high unless Bitcoin does so is Bitcoin going to hit a new all-time high
I'll talk a little bit about that Including uh this theory of a Lengthening Market cycle for crypto but Uh before going further I do want to be Clear I do not have a financial Background of any kind I'm 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 so like I said extrap 59 cents uh Bitcoin at the Time I'm recording this 44,990 bucks uh the asset class market Cap did get back above 1.7 trillion so Happy to see that and people in the Market frankly not really phased by this Fear and green index 72 out of 100 um Chart analyst credible crypto one of my Favorite analysts out there uh he says All metrics looking good here and is Expecting a move to the upside he wrote Um update since last video update it's Looking good folks spot trading at a Premium equals bullish funding remains Flat equals healthy no massive increase In open interest as we grind up equals Healthy um and then he shared this um There's um an individual named crypto L Presidente and there's a repost of Something sh by this individual by Credible crypto and uh he just shared a Little brain Emoji so uh indicating
Clearly that credible crypto agrees with The thought process behind what crypto Al Presidente said and I want to Highlight it because it has to do with This concept of a blowoff top a Lengthening Market cycle for crypto Broadly speaking And I I already know and I've talked About this on the channel for credible Crypto uh and he has believed this for Years that what we're actually seeing is Uh is is lengthening cycles and he says That we're gonna we're still in like the Last Market cycle it's it's not the last One it's the current one it's just been Going on and it's just extended despite The pullback that we had after seeing The most recent highs in 2021 where Bitcoin had almost $70,000 he says no It's just it's just lengthening and he's He's he's made arguments wi we talked About that and so I just I am super Curious to see who ends up being right Because he firmly believes and if he's Right then this would happen right uh he Firmly believes that Bitcoin very soon Will be hitting a new all-time high but Then you have U you know the blockchain Backer and I would say you know these These Are A couple of my very favorite Analysts out there I've been following Both for literally years and they both Have an incredible hit rate in terms of Accuracy and so I'm a big fan of both of
Them but they substantially agree on the Most important thing at play here does Bitcoin hit a new all-time high which Has been required historically for xrp To hit a new alltime high well credible Crypto say says yes it's going to happen And the blockchain backer uh says that He it's not what he thinks is most Probable so um I don't know I don't Pretend to know we're just going to find Out who's who's right about this um I Hope the blockchain backer is wrong but See that's why I'm afraid he has such an Incredible accuracy right I'm like God Damn it and I'm probably not the only One that feels like that he's just so Good at what he does but so is credible Crypto so I just I hope credible Crypto's right and I'm sure the Blockchain backer would be happy to be Wrong because that would be good for his Net worth too you know what I mean so We're going to find out together but I Wanted to share with you this Perspective um regarding the lengthening Cycle since uh credible crypto seems to Be on board with this this particular Thinking um so here's what he said does Bitcoin coin follow fouryear Cycles or Lengthening Cycles in 2011 2013 and 2017 We saw a traditional blowoff top but in 2021 we did not if we were to assume That the blowoff tops were in fact the Cycle highs then naturally we have to
Assume that Bitcoin doesn't follow 4year Cycles but rather lengthening Cycles Between 2011 and 2013 there were 905 Days between 2013 and 2017 there were 1,479 days if we assume that the Cycles Lengthened by the same relative degree Each time that would give us a Multiplier of 1.63 1,479 previous cycle length * 1.63 Equals 2,418 days so that's the math and I know It's easier if you're looking at the Screen you can probably follow a bit More easily but when I'm people sharing Numbers it can be more difficult but I'm Just I just want to get the idea across Then he says that would make for an Estimated blowoff top around the end of July 2024 it's an idea that makes a lot of Sense to me especially given 2021s uh 21's irregular topping pattern If the having theorists are to be Disillusioned it seems we will find out In the coming months and here's the Bitcoin USD chart that Shar so we are Going to find out together uh I'm not a Tri I so I'm not going to pretend to Have the answer but I want to share with You what I think some of the smartest And most talented Minds in our space are Having to say about this and I really do Mean that about these guys in particular
Credible crypto and and and blockchain Backer um and there are a lot of other Fantastic analysts out there it's just That I mean part of the reason that I'm Such like I've been following them for Years so I'm more confident there are Other analysts I'm always willing to to Give new analysts a shot and follow them Regularly just kind of see what happens But you know I need years to pass to Have that degree of confidence so not Again nothing against any of the other Analysts out there necessarily um there Are plenty that I follow on a regular Basis but I just noticed that like the Accuracy right with those two in Particular it's just Insane so uh we going to see see what Happens here um here's something else That credible crypto had to say on this Topic though credible crypto wrote cuz He was asked here cred where do you Stand on the blowoff top in July also When do you think the next blowoff top May be after this Cycles credible crypto Said not sure about which month we may See it in 2024 but I agree it will be This year four to 6 months after alltime High is breached sounds Reasonable well I hope he's right I Would would love for this to be the case I would be really disappointed if Bitcoin doesn't hit a new all-time high Um now in the end it's not going to
Matter for me because either I'm entic To sell or I'm not and so for me what However long that takes I'm seeing this Through I've already been at over six Years if it takes another six years or 10 years whatever whatever I don't care Whatever it takes the answer is I'm Going to be here because over time it Just the grind is upward folks um I'm Just I just prefer if I could have my Life changing well sooner than later I Would prefer that but I will be as Patient as is necess necessary to to see This Through um and then there was this xrp Price chart shared by chart analyst Cryptos and he wrote impressive xrp Daily close above support very strong 20% bounce after the dump so we talking About the dump yesterday of course with The liquidity flush uh usually an Indication that our bottom is in is in Rather next Target 61 cents and I did Notice that chart analyst egreg Krypto Responded to this and simply wrote yep So it does seem to be the majority Opinion from what I've gathered that Analysts seem to think yeah that was an Important level of support it has held This is exactly what we want to see Which is part of what I was getting at In a video last night that I published Uh here you have very popular chart Analyst dark Defender who very recently
Exceeded 100,000 followers a very cool Milestone so congratulations dark Defender uh that's no easy task but um He he um wrote The Following uh this Morning a lot of Rampage from 63 cents To 58 cents xrp is ready for all-time High now folks uh he doesn't say that Every single day so the fact that xrp Did what it did got out of the range Held at that support uh it seems to me That that was something that he would Probably agree as pretty crucial I'm Going to make that assumption anyway Right and then somebody named silver Goblin responded to dark Defender and Said can you explain why you think it's Ready for alltime high or is this just a Hopium statement a fair enough question Dark Defender wrote due to previous Patterns due to indicators due to the Elliot wave patterns monthly weekly Daily time frames Etc so folks he's just Saying this is what he sees in the Charts this is what he thinks is coming And it just means it's literally going To be tomorrow but uh I I still have This Sensation that we've never been Closer to xrp finally hitting a new All-time high which is why the Blockchain backer is making me nervous Be wrong blockchain backer damn It oh we're going to fight out together Though it'll be fine either way we're we Are going to have a lot of fun I I I
Think that this year is going to be very Very exciting uh hopefully the whole Year but even if it's just like the First four to six months uh I'll take it I I'll freaking take it especially with What's happening with the spot Bitcoin I'm super curious to see how this pans Out because I still think it's going to Be a sell of the news event um you know After it pumps like I still I mean to be Clear I think price goes up quickly Immediately on the news but then in Fairly short order craters back on down As some people sell so I I do think That's what's most happen to be wrong Always have for that yes very happy to Be wrong because then my net worth goes Higher I would be happy to be wrong and I'm just taking a for fun guess on that One we'll see folks sit tight because It's about to get really really really Interesting I'm not 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
