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Hello this is Matt on the moon Lambo Channel my friends the worst is behind Us maybe I'm going to share with you Perspective from a number of chart Analysts in this very latest Moon Lambo Hot jam and you'll see there is Broad Consensus and agreement that yes we Could see prices move lower um is that What's most probable though it depends On who you ask but uh even if we do move To the downside what I I I keep seeing Over and over and over again is that Likely the downside price action should It occur it'll be limited and so on a Higher time frame uh the market Structure is still intact so the the Analysts that have been calling for a New all-time high are still saying yeah This is a normal pullback it's healthy We're going to be seeing a new all-time High in 2024 and and so I think a lot of people Are are clearly getting caught up in What's happening in the short term and It's just the same old story you see Every single time there's a flush to the Downside in terms of price action a Certain amount of people are just going To be losing their ever loving Minds Because emotions and reason that's That's pretty much it uh 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 as I record this Video xrp is Now 51 cents bitcoin's at $4,180 uh you got the crypto fear and Green index at 52 out of 100 so not in Fear but people know longer feeling Greedy feeling a little bit neutral That's not surprising though right hell If anything I was concerned it might Drop even lower than that I mean Yesterday it was 48 but um it's been a Big drop I mean you're talking about Bitcoin just about a week ago hit hit $49,000 briefly going down to $338,000 That that's a fairly big move you know We've seen worse in crypto but it's it's Fairly big resulting in headlines like The one on your screen here from the Crypto basic four factors behind current Xrp market Collapse folks I'm not going to read the Article here I mean I read it but I'm Not going to read it in this video uh we Don't need four factors to explain the Current xrp market collapse if you want To call it that uh I'll give you one Bitcoin it's Bitcoin xrp just filed what Happened with Bitcoin right uh here's a Post this morning from my fellow xrp YouTuber the blockchain backer he wrote
To the following after rising over 2,000% since its bottom the NASDAQ is Now less than 1% away from its 4.236 Extension want me to change my views on Bitcoin the market has to prove this Isn't going to be a problem yeah well uh We'll see what happens here um you know I I look forward to the day and I don't Know if this is going to happen but I Look forward I I I can I can imagine it Where where I I wake up I hop on social Media platform X or I go to YouTube and I see the blockchain backer is now Confident that bitcoin's get a new all Going to hit a new all-time high because He he is one of the very very few Analysts out there who I follow who Thinks that that's not what's most Probable here and what scares me is his High accuracy that's why I'm worried he Is too good at this and so if he's Saying hey uh nope this is in all Probability it uh that's what worries me Because he is one of the analysts out There that has an incredibly High hit Rate and a high level of accuracy so I I Hope that he flips his mind that that'll Be a day to celebrate there um now most Analysts do think we're going to get a New all-time high but I'm telling you Sometimes minority viewpoints are Correct the blockchain backer you know Case some points in last Market cycle When xrp I'm sorry when Bitcoin rather
Was pushing up against $70,000 just About uh he was like no that's pretty Much it and he was getting mocked by all Sorts of other rude analysts out there Calling them names saying he's wrong and He's stupid he just doesn't get it and It's not going to age well but he was Right and everybody else was wrong so I'm hoping at some point he's going to Flip but uh we'll see then there is this From chart analyst Ali Martinez Historical pattern show that in Bull Markets price Corrections for Bitcoin Have consistently been followed by Further upside gains this suggests that Dips might offer strategic buying Opportunities for those looking to Capitalize on bitcoin's potential growth And so he's got this chart going back to Probably his name's covering this but Probably like what about 2016 and you Can see all these major pullbacks 40 40% Down 26% another 40% 35% 33% so on and Soth fourth and then you look up to Where we are today in 2024 – 21% again I understand people feel like It's the end of the world when this Happens but if we're in a bull market He's just making a point and it's just Data it is true if we're in a bull Market typically these these drops However precipitous do result in uh in Further movements to the upside in terms
Of price action and I will tell you that Chart analyst credible crypto uh tends To think just that um he he actually uh Just published last night a a roughly 25-minute video and so I checked it out This morning and um and so he wrote The Following all right folks Bitcoin video Update is live this one focuses Exclusively on bitcoin we'll get to alts In another if you're panicking right now Give this a watch there's really no need To be fearful here and if you react Emotionally to recent price action you Will likely end up worse off and so Credible crypto he said in this video That you know the current bitcoin price Action is completely normal and healthy Given the massive move to the upside That we've seen in recent months I me Think about it bitcoin's price roughly Doubled in just a few months so he notes That the higher time frame structure is Still intact despite Bitcoin dipping Below you know dipping lower into the 38,000 and U and he is expecting another Major move to the upside soon nothing Has changed alltime high is still coming He's firm on this and he did say you Know technically we could see Bitcoin go As low as $34,000 but he doesn't think that is Remotely probable because when we're Talking about future price action it's Not certainty we're just talking in
Terms of what's likely to occur and he Also did say yes in the short term we Could see one more dip to the downside But he thinks that uh any anything uh in That direction would be rather limited So this this changes nothing uh he just Thinks that people are are panicking For No Good Reason basically which is Typically what happens in these Situation But it's going to be no big deal in the End uh there is this perspective from Chart analyst dark Defender the Giga Collapse won't come while all of you are Expecting it to happen the Bull Run First and the collapse when we all are In joy and Euphoria then the chasm of All time will time expected to arrive But first to the initial Targets in Crypto up the moods and I think that That was a fair enough point there and It would be kind of weird if this is is It and this the Euphoria if you want to Call it that was at its peak with the ETF stuff I mean if you look at the Crypto fear and greed index we we were In extreme Greed for just one day was That really it and then then we're just Going to see a break to the downside I Don't know maybe but I kind of find that Hard to believe we'll see um here's an Xrp price chart and chart analyst JD had The following to say xrp may be creating Hidden bullish Divergence on weekly
Candle body clo bu low red line would Negate Divergence a wick Down The Orange Box is very possible Orange Box been Posted since November 2023 and so he is Warning here and I've seen this from a Ton of xrp chart analysts recently there Is a possibility if things go a certain Way where we're going to see 30s Something Cent xrp perhaps as high as 28 Cent xrp but if that happens it will be Because of a further massive collapse of Bitcoin I personally think I just it's Hard to imagine that xrp would just go Rog and on its own just go straight on Down to the downside at 283 C if there's Not broader Market activity that's Incredibly negative so you know xrb has Been holding 5050 Cent range we'll see What happens here and then he says my Personal dollar cost average 28 to 33 C Heavily yeah well if you get that Opportunity you know that'll be a dream For those who are wishing to Accumulate people will be incredibly Fearful if that happens but is what it Is I've seen far worse drops than that In my day and then he says don't Time Bottom when dumb money complains during The fear that's the signal to buy more Exactly that is how this Works then there's this perspective from Chart analyst ereg crypto and he shared This xrp price chart um now he did Repost something here I'll note uh from
August 29th of last year uh and it was Um it had to do with his analysis as to How xrp would ultimately get to 27 uh $27 And he writes here remember that post From August 29th 2023 so xrp and around To $27 our journey to $27 is still on What's going on now I get it 90% of the Xrp Army is feeling the fatigue and Frustration but hold up take a look at The patterns in chart one it's a Deja Vu From 2017 we're dropping below the W pattern Finding support and gearing up for a Major pump recall that green dotted Pattern from my August 29th post zoom in On chart to yep it's tracking the plan The recent drop totally part of the game Plan don't get bogged down by daily or Weekly moves some are missing the bigger Picture yep and that is in general what I I continue to see here people are Flipping out it doesn't actually make Sense to flip out H we'll we'll see Who's right in the end then try to Never Say Never when it comes to price price Action Crypto um but uh I I still am optimistic That The Best is Yet ahead so we'll find Out what happens together here but even If there is another push to the downside Again credible crypto at least thinks It's going to be limited and then resume To the upside and uh and again I'll I'll
Just say it one more time to me it does Sound weird if the height of euphoria is What we just experienced in uh you know With the approval the spot Bitcoin ETF That would be kind of weird to me like We didn't even have a whole bunch of new People on the retail side jump in as Evidenced by the fact that if you do a Google Trend search and just search Search bit search Bitcoin there's barely there was barely A tick to the upside over the ETF news So we haven't pulled in retail unless You think that we're just not going to This Market cycle so we'll see but I'm Just I'm optimistic for a number of Reasons that the best is yet ahead and I Will sit here waiting patiently uh no Matter what that means however long it Takes 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
