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Hello this is Matt on the moon Lambo Channel crypto markets have been down For much of the last 48 hours with some People panicking as is the usual in Instances like this folks it doesn't Make sense to be afraid in these Instances we've already had a couple big Ones this year right relatively speaking I'd say after the launch of the spot Bitcoin ETFs on January I believe it was January 10th uh Market was down for much Of the next couple weeks people Panicking uh then you remember very Recent within the last few weeks after Heading to alltime highs Bitcoin Cratered quote unquote cratered on down To what about $60,000 and then moved back to the Upside just a couple days ago was above 71,000 uh just got as low as the you Know upper 64,000 the stuff is normal crypto is Doing what it does but we're not seeing Indicators that the top of the market is In not even close and I'm going to share With you perspective from a number of Analysts indicating as much as well as Perspective from one of the the most uh Reputable and accurate analysts in the Entire world of crypto who says that xrp Looks primed and you know it's one thing To look at the xrp USD chart which I Understand why people prefer to look at That it's more fun to see what xrp is
Worth in dollars or if you're not using The dollar you're different part of the World whatever the fiat currency of Choices I understand that but what's More exciting right now is the xrp BTC Chart I'm going to give you an update of That because it is looking fantastic at This point so perhaps the analyst that Said you know close to a month ago yeah This is pretty much where in all Likelihood they're not guaranteed where All likelihood xrp's bottom is in Against Bitcoin um that's been holding To this point despite these pullbacks Xrp has been outperforming Bitcoin over The last couple days and I I got the Chart to prove it it's good to see you Love to see it and and so there's this Expectation that xrp at this point is Going to be outperforming Bitcoin as Long as we don't see some sort of Massive dump to that to the downside but Uh 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 all Right as I record this video it is 7:14 P.m. central Time Tuesday April 2nd 2024 Xrp is 58.8 cents uh got as low as 58.1
Cents over the last 24 hours Bitcoin at 656 $43 got as low as $647 41 uh here we have the crypto fear and Greed index which I need to refresh Because I loaded it before uh the uh the Update which occurs just once every 24 Hours it occurs at 700 p.m. central Time My time zon so let's hit refresh and see Where it is and there you go it's lower It was at 79 out of 100 now it is at 71 Out of 100 so no no Market is not Extreme greed now but we are still in Greed it's funny when you can get a Notable move to the downside like we've Seen the last couple days and it we're Still greedy you'll love to see it Actually here's a post from santiment Onchain analytics firm fantastic work They put out here and uh just a couple Hours or so ago they wrote the following Is crypto still in a bull market after Bitcoin's plus 144% price return since October 15th well according to the crowd The belief has fizzled out significantly Historically less long-term optimism Increases the probability of a continued Market rise yep that sounds right and to Anybody that's new to markets and new to Crypto specifically that is Counterintuitive you think wait a minute The people are down well yeah the Market's garbage it's just going to keep Going no no no the they're liming Market
Liming retailers the speculators out There and they are wrong-footed Consistently whatever the masses think Just it's wrong and it doesn't mean that Wrong right away so like if if you see The market extremely bullish yes the Market can be propelled to the upside Overbought for long periods of time but Ultimately something's going to break And so that is what you see at the top Side um even after you see a major you Know what would be maybe a notable Correction called to the downside at the The tops of markets that's when you Don't see as much fear there's too much Cockiness out there at those points we Are not seeing that we are seeing the Exact opposite which is what you would Actually want to see if you if you want The market to go higher Right just normal human behavior here's A post from wrecked Capital Bitcoin Bitcoin is still in the pre- Acceleration phase which is the green Circle right here and so you can see it Comparing back to other moments in time Back to 2012 when Bitcoin has just Rocketed so you can see there was a Cumulation phase uh but then the most Fun part of the bull market was yet to Be had and you can see out of the four Circles three of them well in the past We've seen this movie before he's just Notating this is the moment in time we
Are now so the fact that Bitcoin has Pulled back a little bit yet again very Normal for Crypto and this time is not different Folks this time is different famous last Words so yeah I I'm absolutely of the Mindset we are going to have continued Mania even though it's not going to go Up perfectly in a straight line this is Not a time to be fearful the market is On the whole is still strong here's a Post from chart jelly who wrote while Everyone runs for the exits Bitcoin is Quietly forming a bullish pinnet right On top of the weekly support level it Has a target of $80,000 bounce here and We're Off to the Races here's a post from chart analyst Blunts and he wrote no up Wicks on the Weekly monthly or quarterly candles We're going to run it back so hard once Enough of the Deion get flushed out That's right what you get enough of the Players maybe speculating a little bit Too hard going a little too hard in the Paint you know what happens if if if This is the environment we're in and It's a bullish environment then yes that Is what is most probable in fact with a Very high level probability we're Ultimately going to see much higher much More impressive price action we are not Near the top here's a post from chart Analyst Matthew Highland Bitcoin weekly
Currently back below Support however weekly close over five Days away so how it closes is more Important if it were to close back below Support then it would increase Likelihood of a longer consolidation we Await Sunday to choose yeah and uh just A little bit later in the video I'm Going to show you U some posts having Specifically to do with xrp where we're At right now the levels to watch for and Hoping frankly hoping that xrp is a Little bit higher by the time the weekly Close comes around than it is now and There's a reason to believe that there's A pretty damn good chance that's exactly What's going to happen uh here's a post From chart analyst Ali martinz the 200 EMA on the Bitcoin 4our chart has been Formidable support since early February It has prevented Bitcoin from dropping Further for this reason I'm paying close Attention to this level because if it Holds it guarantees a rebound but if it Breaks as it did in mid January it could Lead to more losses for Bitcoin okay so I'll just say this and This is what I keep seeing from pretty Much every analyst that has spoken along These lines on this concept uh as of Late even if there is a further move to The downside and that's a question mark We'll find out together nobody knows for Sure that doesn't change higher time
Frame structure meaning big picture What's going to be happening for the Remainder of this Market cycle doesn't Change a thing but you get pullbacks Along the way every single cycle this Has happened big big big pullbacks much Bigger than what we've seen Frequently well Ian for this Market Cycle here's a post from chart analyst Ereg crypto talking about Bitcoin Bitcoin new all-time high in April or May update March 2017 saw a 32% drop for Bitcoin and I'll just pause to note he's Got previous Cycles labeled as cycle a b C and then uh this would be the uh the One that we're in now cycle d and so he Says again March 2017 saw a 32% drop for Bitcoin if cycle D this one repeats this Trend we might hit $50,000 but keep in mind after that dump A kaboom came so I don't know if we're Going to hit $50,000 when it comes to Crypto I tend to say never say never Unless somebody's in absolute Looney Tunes land uh certainly could happen I Don't know if that's what's probable Here but we've seen stuff like that Before and I certainly suppose that he's Likely correct even if it did go that Low massive move to the upside the cycle Is we are not near the end phases of This thing folks we just Aren't here's a post from chart analyst Credible crypto and he posted this uh
Last night excuse me at 9:50 p.m. and You can see that's when the dump Happened so here's the 24-hour Bitcoin Chart uh you can see so that's that's 9:45 5 minutes before we posted so he Had a bit tiny move to the upside Compared to that 5 minutes later at 950 So he noted I mean if you got humanized Look at the screen you can see that's The most notable dump down within the Last 24 hours in terms of speed with Which it occurred and uh it looks same On the xrp chart by the way here's a 24-hour xrp chart I mean flipping back And forth between these two charts you Can see they're highly correlated very Obviously it's just that in terms of um You know percent decreases bitcoin's not Doing this out Bitcoin down 5.84% over The last 24 hours xrp down only 3.78% And I'll show you on the xrp BTC chart In just a little bit but uh but anyway So that's that was the moment in time When credible crypto wrote the post on Your screen which I'll read to you right Now 9:50 p.m. last night all we have Done here with this push down is test The two logical levels of support that That I discussed in my latest video Update from this morning nothing to be Freaking out about and then he shared Another update uh this one was at 238 P.m. today so just a few hours ago uh It's Bitcoin price chart on your screen
There and he wrote The Following cleaned Up the chart a bit to try and make Things a bit more clear what you should Take away from this is that we are Within a range in the midst of a strong Bull Trend within this range we have had A break and bearish Market structure on The Daily and are now retesting that Area of demand meaning this is the most Likely point of reversal if we are going To make a new high if we lose this Zone Sure bring on the Range lows at $59,000 but for now bias is bullish by Default and folks I'll just pause to say This is a I be clear when you're in this Environment betting against a bullish Market is a foolish move whether you're Talking about equities markets are you Talking about crypto you're going to Have a bad time even if in the short Term it looks like you're having a good Time doing That watch the rest of the cycle play Out you'll see that you actually had a Pretty bad time it's it's you will Become a Sad Panda you don't want to be A Sad Panda out There and then he says with that being Said since this keyzone pivot demand is Being tested now if we do visit it in The future it's likely to get blown Through hence why a new local high that Can't sustain momentum is so dangerous As a failure at the highs after testing
This daily demand likely leads to a move Back down to the range lows I've talked About why this makes sense from a Structural point of view in my last Video update and we can watch for signs Of weakness SL danger at the highs if SL When that time comes but for now your Takeaway should be if we are going to See continuation up it should happen From here okay and so not a incredibly High level of certainty in terms of what Happens in the short term but again it Don't matter because what's going to Happen on a higher time frame you know Throughout the rest of this bull cycle Change it changes is Nothing it's just you you got to Understand cryp if you're afraid crypto Markets right now moving down like this Are doing what crypto markets you should What you should expect crypto markets to Do it's been doing this since Inception Even in Bull markets you should expect This to occur so then when what you Should expect to occur does indeed occur Do does it make logical sense to be Fearful no so if you're feeling fearful I would recommend that you let the logic Side of this kick and be like Oh yeah This is why people get completely Wrecked because not only do they feel Emotions they make important financial Decision decisions based on the feel Feels here's another post from chart
Analyst credible crypto talking about Xrp and Bitcoin and assuming Bitcoin uh Does hold here xrp looks primed to make A nice move to the Upside also back in our support Zone on Xrp BTC which supports the idea of xrp Outperformance if Bitcoin can hold here And so it's been interesting um you know Even as the Market's been moving down Xrp has been outperforming Bitcoin but but look crial CR has been Talking about this for a long time I Mean like for weeks and weeks and he's Been saying to watch the xrp B BTC chart For months right U but in particular in The last few weeks he's been saying yeah This is probably pretty reasonable Moment to suppose that uh xrp is going To be outperforming here and um and Here's a post from chart analyst crypto Insight UK he says I have recently been Mocked for my thoughts on xrp versus Bitcoin and this is an xrp BTC chart on Your screen he says however so far Throughout this whole flush down in Crypto xrp versus Bitcoin holds strong Failing to set a new low and ranging for 37 days all whilst xrp fud hits a Maximum I have been looking for a higher Low and would suggest we are basing here Could we Wick into the Launchpad maybe However some bullish price action and Our weekly RSI turns bullish I expect When Bitcoin comes comes back firing
It'll be time to shine for xrp and I'll Just note I've seen lots of analysts Share similar takes on this and so Here's the latest xrp BTC chart this is The one month chart and so where I'm Circling here March 11th xrp BT low and This was the time when I I shared it at The time tons of analysts independently Coming to roughly the same conclusion That this is probably the Bottom and they articulated their Reasons why and we have not hit the that That level that low you know that big of A disparity between xrp and Bitcoin Since that point in time I mean it's It's almost been a month at this point And you can see actually over the last Couple days as as the market started Tanking xrp's been moving up against Bitcoin that's what I was talking about Earlier in the video because yes the the Whole Market's going down but bitcoin's Going down to a greater Degree so then when it comes back if Credible crypto is correct you're going To see xrp substantially outperform and Of course uh you know be reasonable to Suppose that you're also going to see uh A fun uptick you know an xrp priced Against the dollar as Well uh here's a post from cryptol Xrp tootal market cap so here's xrp Price against the entire crypto asset Class and and he he's been sharing
Charts like this recently U and you can Just see I mean look historically that's Why this is the moment in time Historically what has happened go back To 2017 go back to 2021 those bull Markets when when xrp looked this bad Against the rest of the crypto asset Class that was the moment right before It went and so this is more or less that Moment you you don't know the exact day That'll come out to when it finally Goes but it's similar concept cep to Pricing xrp against Bitcoin which is why It's worth looking at that Chart here's a post from chart analyst Cryptos and he said um this is just xrp USD chart most significant level for xrp In the past 6 years is 60 cents our Patients is being tested indeed but we Are holding weekly candles above that Level price also still above the weekly 21 moving average so watching for 60 Cents and again now at the time I'm Recording this xrp 58.3 cents so below That but the you know it's it's Tuesday So weekly Co close Sunday and so here's A post from eer crypto and uh he was I Think he was talking about yeah he Talking about the weekly in this one so Xrp price chart here USD xrp FIB 382 Major support xrp will never close below FIB 382 on a weekly time Frame uh and I'll just pause to note That is
59.69 so we're we're below it right now But he said on a weekly time frame it's Just Tuesday so anyway then he says Wicking on 4our daily is possible but it Has no impact on the long-term Trajectory and strength of xrp next Target FIB 702 to uh 786 so you'd be looking at and what that Would be in terms of dollars it would be $110 cents per xrp to $130 per xrp and I Know there are so many people out there That say it's never going to happen I'm Being a Negative Nancy yeah well I get That you're you're quite the Debbie Downer got it Debbie Nancy whatever Strong American names uh I I I don't I Don't think that uh you know I I don't Think that the sentiment makes sense uh You hear stuff like that in these types Of moments where people start to feel Emotionally that beaten down but in Terms of the idea of like can xrp will Xrp ever be above a dollar or hit a new All-time high uh to me that that's what Seems to be the most probable I just Don't pretend to know when it's going to Happen but the stuff plays out over very Long periods of time in fact over many Many many years that is not weird that's Normal and then he says next major Pit Stop would be fib1 1618 to which would Be $640 1.618 which isting $640 it's conservative stuff here I'd Say I I think that's super uh super
Conservative and Realistic I'd be surprised if that were The height of of of xrp price action but I'm not a chy so I'm not going to make An actual prediction I just if you know If that were and he's not saying that's The I'm just saying if it were to be the High that's so conservative that I'd Just I'd be a bit I'd be a bit shocked By that unless we're not going to have a Full-blown alt season unless some sort Of Black Swan event happens and then I Say okay but then that's not xrp Specific so sit tight because the best Is yet ahead makes no sense to be afraid Here I am very excited for the future Like this this is going to be like this Has been a very fun fantastic year so Far it's only going to Trend to the Upside only going to get better 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
