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Hello this is Matt on the moon Lambo Channel and wow this Market is resilient After Bitcoin hit a new all-time high Yesterday and then plummeted along with The rest of the market including xrp There's been quite a rebound this is Very real demand that was quite the Capitulation event and still things Moving to the upside I'll share with you Some of the latest perspectives Surrounding uh those goings on what's Happening with Bitcoin and xrp Specifically including a perspective From one analyst who says that it is Time for judgment when it comes to xrp Uh but expectation is that in the short Term we are finally going to see xrp Above a dollar it's been a hot hot Minute since we've seen that but uh as Far as I'm concerned you look I don't Make price predictions but my conviction Is that it's just a matter of time it's A virtual inevitability but before going Further I do need 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 Crypt Related topics but just as a hobby and Just for fun as I record this video xrp Is 61 cents bitcoin's at 66,1 uh market cap for the AET class
Over $2.5 Trillion despite massive liquidations Yesterday mind you absolutely incredible Uh by the way at the time I'm recording This it is 550 5:54 p.m. central Time um On U Wednesday March 6 2024 uh crypto fear and green index it's At 75 out of 100 but it only updates Once every 24 hours uh updates in about Five minutes I'll try to remember to Come back and hit Refresh on this thing To see where it ends up um I I just Given that uh we've seen a move to the Upside since and my my guess is if Anything it would be at least like a Little higher maybe I don't know that's My four fun guess uh because again you Consider when this thing was updated There's probably a lot less certainty at That point you know 24 hours ago but Look at what's happened like major Capitulation event yet here we are I I Just Bitcoin getting ridiculously close To hitting a new all-time high today It's just a a few percentage points off From that frankly uh and there's this Post from my fellow xrp YouTuber the Bearable Bull and he said bull markets End in Euphoria not in fear now that is Spoton that is factually correct and Even though I understand yes like Technically where in greed or when this Thing updates maybe that maybe the Crypto fear and greed index will show
That we're in extreme greed look at the Response that we had yesterday lots of People in Fear you know when you get to the end of The cycle if you have a big dip like That you don't get the the calls because We did we did see some people calling For like oh well there we go there was The top Like you don't see that happening when It's actually at the end when it's at The end everybody has strong conviction That it's not over now of course it's You know improperly placed conviction But this is that we we typically see so The varable I'm telling you he's spot on With that analysis but even so um you Know we're it's it's it's very clear we Are um we're getting to that Mania stage Right just one day at a time and by the Way look like I said just the other day Mania can be sustained for quite Peri Time it's not like the first time we Noticed oh that looks like Mania doesn't Mean the next day everything's all over No no this it's been going for some time Uh here's a popular chart analyst Bob Lucas 264,000 followers in XY wrote The Following just this morning local news Mentions Bitcoin second straight day and Front Page News pretty much all my Acquaintances reached out all at once This week interesting to see that the Mania phase has already started have to
Assure therefore the Crypt top will come In late 2024 yeah and just my my guess Would also be that it's at some point uh This year rather than 2025 that uh that The top is going to be hit probably what What do you think it' be the next Several months half year maybe something Like that would probably be reasonable Uh and it's not like this just started You know the bottom of the bare Market Was over a year ago we've been climbing Out of it for that long it's just that Now people are starting to pay attention When the real time to pay attention uh Was over a year go which would be what The vast majority of you were doing Right cuz that was the time to Accumulate the people that are just Jumping in now not that there's no Opportunity I'm not saying that but uh The the greatest opportunity when was Was when everything seemed scary and Nobody was paying Attention uh here's a post from chart Analyst Matthew Highland and this is From this one's from last night 11:31 P.m. central Time he said Bitcoin had The highest volume on The Daily since The FTX crash we literally just had the Largest single day capitulation in over A year bullish as it gets and it's not Surprising to see the price moving up And so folks um I'm well positioned so Um you know after a move like that like
I I accumulated during the bear bare Portion of the cycle uh so so I didn't Buy anything on the capitulation but Capitulation events are buying Opportunities for those who are Interested when FTX collapsed and we had The most extreme fear just about that I'd ever seen in my six plus years in Crypto um I I was not fearful I was Publicly stating what I was doing on my YouTube videos and on and on X I said Hey uh well looks like a capitulation Event here I'm buying son that's exactly What I did and so uh this is just Another one of those types of instances Except for this just happened right After hitting a new all-time high and it Has been sustained uh Matthew Highland Also posted this this morning he said uh Notice so many people called for Bitcoin To crash after we had the biggest Capitulation event since FTX crash Calling for a crash after capitulation Is silly Bitcoin now pushing toward All-time highs again and folks get used To seeing a report after report of Bitcoin hitting new all-time highs Because as it climbs out of there uh Welcome to price Discovery we're going To get there for xrp too uh here's a Post from chart analyst James Van Strat He said yesterday was the third biggest One-day drop for Bitcoin in the past 12 Months
6.5% usually marks a bottom like svb Collapse back in March 2023 if it doesn't we tend to see Another negative red day the day after But this v-shape recovery I have never Seen anything like this before it's even Better than Co because there's no External help this is pure demand so That this this is what I'm talking about Major capitulation Event like and the money just keep Flowing back In so quickly it really is genuinely It's pure demand as he says the Resiliency it's shocking and this is at And it's not like we're saying that There's a lot of demand at much lower Like we are at we're hovering around the The all-time high for Bitcoin we just Hit it yesterday and there will be Another one I'm Sure even if it takes like days or weeks I don't pretend to know exactly when It's going to come but the point Is at this level there's still that Level of tremendous Demand I just I can only imagine what This means for alt coins I I think we're Going to have some fun in 2024 I mean we Already are but I think it's going to Get even better now here's a post from Chart analist 360 Trader he said Everybody thinks they know let me be Clear they don't the supply demand
Dynamic at work this cycle nobody has Ever seen before four and so he's Talking about Bitcoin here but so the This is kind of what I say though when It comes to history not completely you Know repeating itself but kind of Rhyming there's a lot of similarities Here actually and there are people that Actually did call this for instance Credible crypto credible crypto has been Calling for this exact series of events To unfold for several years in fact he First started talking about this I think At the end of 2019 um and here's what he had to say About uh Bitcoin in the short term here He said uh and this post was from uh Just this morning 11:49 a.m. Central Time said some notable asks above Current levels on bitcoin with bids Stacked closer to our lows ideally this Keeps us locked in a tight range Consolidation for a bit so alts can Continue to run um and then he he Provided a link to one of his videos out There and so and and he has been talking About this recently so well especially Since the crash yesterday but it's just This idea of okay Bitcoin hit a new All-time high consolidate give time that Gives time for alts to to run a bit and Uh Bitcoin though Eventually All Eyes is going to be back On bitcoin running even further and
Credible crypto's best guess is that you Know Bitcoin runs up to about $150,000 For the peak um now he his range is Actually much more broad because he Acknowledges that there are a lot of Moving parts to this thing so it's hard To be precise so his window is basically Like 100,000 on the lowend to 300,000 on The highend but he thinks what's most Reasonable is about $150,000 for Bitcoin So the higher Bitcoin goes though the More money will be to flow and rotate Into altcoins which is what I'm waiting For here's a post from chart analyst Cryptos xrp holding above weekly 21 ma Needs to stay there by Sunday ah yes the Good old weekly candle we'll see what Happens here but um again for those of You that haven't heard me say this um I've mentioned a couple times recently We are at one of those moments where Just about every analyst that I respect And follow under the sun who isn't you Know any analyst I file that actually Covers xrp and isn't some sort of troll Against It like I can't find an analyst that Doesn't think xrp is going to be Shooting to the upside I can't find One not not in the the the the group of Analysts that I follow that is not Always the case in fact that's usually Not the case that is now that is not Normal that's not usually what's going
On you know I think back to when this Happened last um or maybe not the very Last time but um most notable time that I recall off the top of my head would be November of two or late October of 2020 When xrp was about 20 something cents And then it ran up to 80 cents in very Short order and I was like I just noted At the time before it ran up I was like Guys I've never seen this many of the Analysts that I follow all kind of Saying this thing's about to go so take It for what it's worth uh here's a post From chart analyst Nick crypto CR Crusader says Um uh you can just feel all-time Highs Coming majority of the space has given Up on so many altcoins like xrp and I Really think this is the year they get Shocked by all-time highs uh yeah I I Think that that's probably about right And then you had this from uh uh chart Analyst crypto Insight UK xrp holders it Is time for judgment historically this Is where xrp has started to go bananas As Bitcoin breaks alltime High xrp has Sent it in 2020 we had the SEC lawsuit Come in was this a Black Swan Potentially it was perfectly timed it Seems however now we have much less Headwind we have had longer to Accumulate will we rhyme with 2017 or 2020 that's the question as the saying Goes the longer the base the higher in
Space yeah um in I would agree with that General sentiment yeah this is this is The time sure time for judgment Absolutely because either it's going to Happen this cycle or something is Seriously wrong something is broken and We we're just not seeing it and we're Just hanging out here in an echo chamber And we're missing something that's Crucially important now I don't believe That's the case I believe xrp is going To run like crazy with my only caveat Being if there's an actual Black Swan And like crypto markets collapse or Something on a global scale who knows Something like that U if for some reason Even if Bitcoin keeps if there's not an Actual alt season and then xrp doesn't Participate because basically no coins Said well okay those would be my only Caveats I can't think of another reason That it wouldn't happen either xrp goes Now or I guess we were wrong I don't Think we're wrong I really have I the Strongest conviction I've ever had this Asset class is going it moves in Tandem um then there's this from dark Defender we had the orange and the green Arrows on the xrp BTC pair we reach the Support ultimate the purple arrow is Here it will be the Awakening of 6 years Some can see and some can't and so for Those of you not looking at the screen Here it's just he's showing an xrp BTC
Chart and noting what I've been talking About a fair bit recently because it's Highly relevant right now when xrp is Worth so little compared to bitcoin Historically those are the moments Before it goes he's highlighting this Here ultimate support yep that that That's the support line right there we Are exactly on It and there are signs that xrp is Waking up and it is the time for Judgment that this is it this is exactly Right and I just I I think that the Analysts that are calling for this which Are all of them that I see I think that They're going to be proven correct That's my suspicion and if I'm wrong Fine I could be wrong I'm just a dude on The internet could go to zero okay uh That is not my conviction though here's Another Poe from dark Defender hi there to the strong hands we Are proceeding to 77 cents and it is Absolutely normal to have such back Tests law of nature Only the Strong will Survive one shake and many were Eliminated there has been no change in The daily frame once more if an Instrument reaches a Fibonacci level Then number one while going up expect a Resistance number two while going down Expect a Support if you have been following for At least 10 days you should have known
We discussed the strongest Fibonacci Level the strongest resistance at 66.4 n And xrp bounced back from 66.89 on binance but this cannot stop The move after this back test xrp is Above ichimoku clouds had the back test Strong in macd and RSI road to $1 at First and folks this shouldn't be Surprising because again understanding The simple concept that the asset class Broadly speaking moves in tandem the Fact that there's such strength with Bitcoin should not make it surprising to See that there is strength in xrp as Well it's going there's going to be a Big day and there's going to be all Sorts of Articles written about it where Xrp is rocketing to the upside hits $1 So on and so forth and I don't think It's going to in one go hit new all-time Highs uh historically you know there's Historic precedent to have at least a Couple large moves per cycle but it's Going to be fun it's going to be fun I Just I think it's just a matter time I Don't pretend to know exactly when it's Going to happen but one day we wish wake Up and then you know we open uh you know Whatever app we use to see what prices Are and then you do a double take Because you think you looked at it wrong Like oh no it's not wrong it is it is 90 Cents or a dollar or a buck 10 or Whatever I've had those days many times
Including with xrp they seem impossible When you go so long without having them But then it happens and then it just Seems obvious oh yes of course it was Going to that's how it always plays out 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
