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Hello this is Matt on the moon Lambo Channel okay right out the gate here I Want to acknowledge that starting a Couple hours ago xrp price started Tanking to the downside but that's not Because there's something wrong with xrp In fact Bitcoin started tanking and the Rest of the market including xrp Followed to the downside now we let a Little bit time pass and at least as of The time I'm recording this we have seen A bit of a move back to the upside I'll Show you the charts uh this is not Something to be worried about we look in Times like this when we're in a bull Market you know you don't go against That Trend if you do generally speaking It will be to your peril like we are Trending to the upside dramatically with No clear indicators that we're anywhere Close to a top uh so I'm going to share With you some perspective on that as Well as uh some thoughts from a number Of chart analysts specifically talking About xrp including one who shows a Chart indicating that xrp quote looks Eily similar to 2017 in quote And we know what happened in 2017 oh yes That was face melt season the greatest Xrp face melt in the history of xrp face Mounts but before going further 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 damn it and if you don't Like it you can just get out now at the Time I'm recording this it is in case You is curious 1:11 p.m. central Time Tuesday March 12th 2024 xrp currently at 69.1 Bitcoin at $ 7,978 but what happened a couple days Ago not a couple days a couple hours ago Because again well now it's 1:12 p.m. Central Time if you go back to it was I Think it was about 11:05 just looking on Live coin watch here yeah it's called About 11:05 a.m. this morning central Time my time zone uh move to the Downside for xrp look at this and then a Bit back up so bottomed at uh looks like 66.5 cents roughly now look at the Bitcoin chart though look at look at 11:05 p.m that's where it started to the Downside bottomed at 68,9 32 bucks According to live coin watch and then It's it has bounced back to the upside Since then now I'm just going to Alternate back and forth between these Two charts and you can see from where I Just highlighted look at the tail end of Those charts from 1105 uh am onward Where I just
Highlighted that's the same damn Formation exactly this is not a problem With xrp xrp followed Bitcoin as is Always the case and it's holding above Key support I mean all sorts of analysts Have been saying to watch for you know Roughly 66 cents it could deviate Slightly you know depending on which Analyst you're talking to but about that And at least to this point it certainly Has um but um I I shared this post Actually last night in anticipation of Something like this not that I literally Knew this exactly was going to happen of Course I didn't but pullbacks happen duh Uh even in bullmark and so I simply Wrote The Following at 12:19 a.m. Central Time yes xrp is clearly a part Of this crypto Bull Run despite the fake Wisdom of tribal fools who insist it Won't perform that said it won't go up In a straight line pullbacks are normal That's true of all coins and so again I Didn't know was going to happen this Morning I just know these things happen Less than 12 hours later we got it and It wasn't even anything crazy to be Honest with you I just wanted to address It but it was it really honestly not Particularly crazy there's so much Strength in this market led by Bitcoin It's what you want to see it's fantastic There's no reason to be anything but Excited so far as I'm concerned uh here
Was onchain analytics firm santiment Recognizing this they shared this post At 12:33 p.m. central Time uh after the Market started to tank a bit they wrote Vol ility by the way they have a laughy Emoji I wanted to mention that in case You know you're not looking at the Screen because they just think this Whole thing's silly just they they know They know like they've they've been in This game a hot minute like they Understand how the humans behave and so They wrote volatility is extremely high In crypto with Bitcoin reaching as high As $72,600 Yesterday and dipping to $68,900 moments Ago 30 minutes before this drop we saw a Major fo signal as reflected by calls Related to buying and other bullish Keywords and they they they site that on The chart here and isn't that funny when People get a little bit bullish there Like the opposite of what they want to Happen frequently happens like if if It's what the masses are thinking it's Just kind and I know that's like on a Really micro scale there but um because If you look on um you know what's been Happening in recent weeks like you're Still seeing as I'll show you in just a Second here what you're actually seeing Um you know in a longer time frame than This but still would be considered a
Shorter time frame you're still seeing People shorting this Market who is that Insane like why are you going against The grain like you're in a bull market And you want to fight the trend that is Insanity and there's so much data Historically to indicate that is a Stupid move St o o p i d Stupid here's a post from crypto Insight UK and this is at 11:35 a.m. so a half Hour after xrp and the rest of the Market started going down and he simply Wrote I'm bidding xrp here golf clap for Crypto Insight UK he's like oh you Idiots are uh making the market bleed Okay I'm going to buy Her exactly and then he had chart anal Zra crypto responded that and rode 66.5 Six Cents n kiding obviously you know an Important level as I mentioned just a Couple minutes ago which at least at the Time I'm recording this you know knock On wood here I think I just startled my Dog sorry my pet peevees under the desk And I started knocking she's like she Looked up at me sorry peeve Uh but yeah knock on wood you know we at Least we're above it at this moment uh Then here you have a post from chart Analyst JD at 1155 a.m. so you know About 50 minutes after this uh market Decline started which again is not even A major decline although major ones can
Happen even in Bull markets but he wrote Um he shared this xrp price chart and Said another xrp chart let's minus the News I'm sorry the noise SL newws and Focus on the ta/ charts that called the B With exact Precision broke out three-year triangle With a textbook retest dumb money won't Get it because they knew what they held With One X missing out on their Life-changing Gams yeah and indeed it is Funny that there's so many people that In recent weeks decided to bow out of Their xrp positions and more power to Them I'm not going to tell anyone ever What they should or shouldn't do I'm not Pretending to be some sort of financial Whiz I don't have a financial background I'm just a dude on the internet named Moon Lambo like you don't want to take Financial advice from a guy on the Internet named Moon Lambo you don't even Know if I'm wearing pants you do not Know my current pants situation just Saying man um but uh still I'm just Noting that a lot of people in recent Weeks they just like take my xrp at this Discounted price and then there are a Lot of people like yes I will purchase Your fear as always is the case and this Is the worst time historically to be Selling as I've been highlighting so I'm Sorry if I'm bashing over the head too
Much with this in recent weeks though But it's like it is that important and I Want to make sure people hear it you can Look at the xrp dominance chart in Recent weeks you can it looks dismal Right xrp BTC is looking dismal in Recent weeks xrpusd not so hot right Especially compared to other coins Historically that is what happens before Xrp launches and we saw I think the First little taste you know little Nibble there yesterday here's a post From altcoin daily and just for a Historic reference I think it's worth Just sharing this as a reminder Especially given what we just saw this Morning He says be ready for big dips even in a Bull market 30% to 40% dips are not Uncommon look how it popped back up and So he's got this Dart chart rather Dart Chart going back to you know middle of 2015 roughly and here you can see starts Pointing at Major dips as there were Some some serious climbing going on in 2016 into 2017 look at these major Pullbacks 38 and this is Bitcoin right Now 38% another 38% 33% 38% 36% down 29% Over a span of you know over you call it Over a Year yes this is historically normal Even in bull runs absolutely and so what We got today at least to this point as As of the time I'm recording this is a
Minor one really not big at All uh here's a post and I'm just going To briefly mention this it's about CPI In a market like this I don't think There's so much strength I don't think It really matters and this wasn't really That big a news anyway so I'm just going To be brief on it but CPI neighb CPI Numbers came in today Consumer Price Index uh little hot as crypto inset UK Points out here he says CPI comes in Slightly hot. 1% higher than expected in An uptrend I don't think this will Change anything I presume we continue up Soon my earlier post remains unchanged After this reading yeah so I I think It's inconsequential I think that there Are other factors that are of much Greater importance that we've been Discussing here on this channel and the Broader crypto Community Recently just just mentioning that's it We shall move on now uh here's a post From crypto Caesar popular chart analyst He says uh shorts up 68 perents in 4 Hours these will be squeezed again never Learn do they and now mind you this is At 10:53 a.m. so you know about 12 Minutes before Bitcoin started tanking To the downside but that was Small I suspect that uh anybody in short Positions uh you know nine times out of 10 here maybe maybe even more than times Out of 10 in in a moment of a cycle like
This you're going to get effed like you Are going to be wrecked R KT that's how You spell in crypto uh you're going to Be liquidated ain't going to go so well Don't fight the trend in a bull market It's very clear we are not at the end of This thing baring some sort of global Catastrophic Black Swan event I can't Imagine that's what's probable and so we Keep seeing this and also you know what Else we see at the end of Cycles all the People that were shorting they stop Shorting finally they're like f fine I Give up I guess I guess it really is Going to keep going they start longing At the height of a market cycle idiot Sticks but that is what you continually See so the fact that people are still Shorting it frankly while it's stupid That that is one more thing to consider Because that's the behavior you expect Well before we hit a cycle Top This Is How Humans behave again and again and Again it's completely absurd but hey We're like little biological machines it Just it is what it is Here's a post from popular chart analyst Bob Lucas shared this with his 266,000 Followers on X it's a bitcoin price Chart and he said Bitcoin is showing us A blowoff type fouryear cycle not a Diminishing returns type also showing a Left translated cycle meaning top before December is real if this doesn't cool
Off unless we get a six-month Consolidation uh $70,000 to $100,000 Which would be the yellow line on the Screen uh to build into a super super Cycle and so what he's basically Acknowledging here when he says left Translated cycle he's basically talking About the theory posited by chart Analyst credible crypto over four years Ago it's this it's this idea of a a Longer cycle basically and um and I Wasn't I'm not a Char so I wasn't Familiar with that term until recently But I came to find out that's what it Means when they're talking about left Translated cycle without getting into The nitty-gritty just to understand That's the idea that they're getting at Uh so if that is indeed the case you're Not going to see 6 months of Consolidation for Bitcoin where it's Between 7,000 to $100,000 which you perhaps would have Expected in previous Cycles but you know if it if the Strength doesn't cool cool down here if It just if it keeps going full bull mode Uh he will say yes that's an indication Of a Le left translated cycle and then In that instance says uh yeah the Top's Going to be in 2024 not 2025 which Destroys the fouryear cycle narrative we Already broke the stupid ass having Narrative which was always bogus anyway
That was very clear before uh you know Even before we got an all-time high in Bitcoin prior to it it's just a Narrative that Bitcoin Maxis like to say Because it gives them warm feels inside I guess I don't know but it's just not Based on logic reason data it's just There's there is not sufficient evidence To support that in fact there's evidence To the contrary which I've highlighted Many times on this channel uh then There's this post from chart analy Credible crypto this is a Bitcoin price Chart and he shared this this morning 3:11 a.m. Central Time we got a nice Multi thousand move to the upside on Bitcoin as expected from my last post Below our updated thoughts on current Bitcoin price action not expecting any Major dip SLC corrections as all metrics Are still relatively cool and not Overheated simply expecting some further Chop solidation which should set the Stage nicely for continuation of this Near vertical advance so Um again he said not expecting any major Dips or Corrections and we we didn't get One today not not to this point anyway What we just saw it was very shortlived It was very minor um and this stuff just Happens and he's expecting the Continuation of the near vertical Advance if this is to happen what do you Think that means for xrp because to dumb
This down as much as possible I've been Saying it in very simple terms recently The asset class moves in tandem it's led By Bitcoin xrp is part of the asset ass Class therefore if Bitcoin number go up Xrp number go up there you Go you know you don't got to be some Sort of rocket scientist to recognize That here's another post from chart Analyst credible crypto on Xrp and he's showing an xrp BTC chart Here still in the position on xrp from Below and just added to it for a third Time averaging up and I'll pause to note That was at 1238 a.m. Central Time Before we saw the most recent dip and um In the post I don't need to pull up I've Highlighted on the channel before but it Was from March 6 and he just highlighted That he was longing xrp like I think it Was like a 10x um let's just say bullish On xrp credible crypto is yes and then He wrote xrp BTC and xrp uh xrp eth both Just printed and confirmed bullish Divergences on the D3 that window of Up Performance that I discussed in my last Video update on xrp and then he shares a Link uh might be around the Corner well it's coming again I don't Pretend to know when but yes if the Asset class keeps going up xrp being a Part of the asset class yes we'll Continue to move to the upside it will Hit a new all-time high in Enterprise
Discovery that's my belief anyway I do Not know for sure I could be wrong it Could go to zero fine I don't believe That is remotely probable I think what's Most probable just my uh humble opinion As a regular joeo here is that yes it Does hit a new alltime eye why the hell Wouldn't it the market has already told You for over 10 years that it makes Sense for RP to be in the top 10 coins By market cap and there are only three Coins on the planet that have always Been in the top 10 by market cap their Entire existence which would be Bitcoin Eth and xrp that's it out of over 20,000 Coins in existence those are the three But what Bitcoins get it hit a new All-time high and eth undoubtedly is Going to hit a new all-time high but not Xrp get the hell out of here with that Nonsense that's what I Say uh somebody somebody named ananas Wrote to crypto Insight UK and said Carries what caused X RP to suddenly Bounce up referencing the bounce of Course yesterday crypto Insight UK Simply wrote people are searching for a Narrative but historically this stage of The cycle has been where xrp has Performed well and that is spot on and What and I was highlighting this in a Video last night you will always find When xrp goes up or down in some sort of Notable Direction whatever is happening
In the moment well that must be the Reason but the truth of it is it's Typically just organic movement in Markets people just do what they're Doing and they see what other people are Doing and they react to it and it's not Some sort of actual development Pertaining to the xrp ecosystem or news About any developer building on top of The blockchain it almost it never not With ripple Certainly so it is what it is but you Will always see people seek to assign Some sort of narrative it's almost never True though here's a post from chart Analyst miles G Investments xrp breaking Out of a three-year macro resistance Confirmed and this is an xrp price chart On your screen and he says $2 will be The first Target of this pump main Target $6 to $7 why i' love to see that and um I Don't know high xrp will go if if it Does indeed nobody knows for sure but if Xrp does indeed hit a new alltime high In Enterprise Discovery I have a suspicion that $6 To7 will be Conservative so we'll see what happens Here but that sounds pretty it's like Realistic but more definitely more on The conservative side if that's where He's thinking it's actually going to Peak and I hope it goes higher than that
Because I'm hoping to sell some of my Xrp a little bit higher than that at Least some of It here's a post from chart analyst JD And I referenced this one at the outset Of the video talk about 2017 here Xrp present time looks eerily similar to 2017 before it and then he shared rocket Emoji and chart go up dumb money would Deny the this chart though lol they are The ones who feel they miss other Opportunities I've been calling and Blams it on xrp once breakout imagine All the narratives that will come and so Just realiz you're not looking at the Screen now he has this chart showing um What happened 2013 through 2017 and he Notes that when it broke out of the Symmetrical triangle over 600x gain and That was in 2017 when that happened he's Just saying huh this chart looks kind of Samy if you look from 2017 to present a Six-year trend Line and we've been breaking out of this Mofo Right I it depends on on who's drawing The lines but we're all we're like right There Right and so that's why whether you're Looking at you know an xrp USD chart xrp BTC xrp dominance Pick Your Chart it's looking good now I say good Because the the Casual Observer would Look at that and say that looks dismal
That looks awful no that's what they'd Say the no get it out of here no because They're petulant Children I always think that's what they Sound like what do you guys no I don't Like It shut Up but I get it so looks like there's That big of a dis disparity well but That's when the smart people come in the Smart money and they're like huh looks Like xrps based on all these charts and Metrics look like like xrp pretty Undervalued and they start putting money In and then the idiots the dumb money Start copying and these big old green Candles Occur tail is old his time that's always How it unfolds so what is is there Something about an xrp green candle that Will make people not fo wi no history Says Otherwise which is why I'm so excited About this this is going to be a blasty Blast folks 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
