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Hello this is Matt on the moon Lambo Channel this video will serve as a Warning because I've noticed that a Number of what I would consider to be The very best chart analysts in all of Crypto are warning that we could see a Rather precipitous drop I we're talking About Bitcoin potentially into the 50,000 maybe the lower 50,000 you can Imagine what that would mean for Altcoins including xrp which you know if You look at the xrp BTC pair most people Would think it's not looking to out now I take that as I've been articulating Recently I look at that as a positive Because that always happens right before Things ultimately get hot and finally Take off here but I I say this certainly Not to alarm anybody or scare anybody Because I will tell you that even if This happens these analysts even though They do it this time believe that is What's most probable none of them think That's the end of the bull run so I want To say that you know at at the outset of This video so just to be clear because I Don't want anybody to be scared if it's Not necessary right you know what I mean This is not something to to worry about Um and then to be you know truth to be Told though if you're someone like me And your time Horizon is however long it Takes no matter what well that's another Reason to not be scared like for me the
Time Horizon is whatever like literally Like let's say this were the top of the Market and that's all she wrote which I Don't believe for a moment is most Probable not at all but let's say that Were the case I just keep holding check Check back in another four years down The road okay fine whatever it takes and I'll still be here hanging out in the The community making YouTube videos Because I have fun even in bare markets But that's not where we are that's the Good news but yes there is a very real Concern from like I said some of the Most reputable reputable analysts out There that we could see a serious move To the downside so I want to arm you With the knowledge so that if it happens Which is not guaranteed at least you'll Know okay this is in the cards Potentially at least it doesn't mean It's the end of the world it doesn't Mean the sky is falling of anything for Those who wish to accumulate they may View it as you know an opportunity in Fact that's how I'd be looking at it on A personal level 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 right I'm just an Enthusiast who enjoy is Making YouTube videos about crypto
Related topics but just as a hobby and Just for fun at the time I'm recording This video it is 2:02 a.m. Central Time Uh Friday April 12th 2024 uh I'm still going to pretend it's Thursday though though because it is not The next day until I go to sleep that's How we run things on the moon Lambo Channel cuz it's my channel damn it and I do what I want uh but at the time I'm Recording this xrp is 61 cents bitcoin's A little over $71,000 got the crypto fear and greed Index at 79 out of 100 y'all some greedy Sons of but is it going to stay Like that well that number is going to Drop potentially into neutral if things Go as low as you know I look I've seen Some number numbers bandied about like U Here let's talk about what credible Crypto had to say first because I I'd Consider him top shelf like he he like His level of accuracy when it comes to Um what is most probable it's just off The charts there's a reason that he has The following he has of what 387,000 Followers on social media platform X I'd Say welld deserved real humble guy on Top of that real nice dude and um and He's been calling for the stuff that We've been seen on fold here for forever I mean at the depths of the bare Market In 2022 he's like no this is where you Should start getting really really
Bullish and he was right he's one of the Few that was calling for that he took a Lot of flack for it but he was right and Here we are and so um the other day April 10th he shared this post now this One I shared in a video but he's I've Got two from him this one I want to Repeat just in case you missed it Because he was already urging a bit of Caution he went a little bit more in Depth though and so the idea of of Bitcoin potentially getting into the 50 ,000 certainly not off the table now Again even if that happens and I Understand that what that's going to Mean for xrp and everything else Market Just craters for a while not the end of The world been through many of those Before I've been here over six years Been through plenty of that crap but Anyway here's what he wrote on April 10th in the evening at 7:12 p.m. in Terms of Bitcoin nothing has changed From prior low time frame updates that Is I still think we are headed for the Highs but recent price action has only Further confirmed to me that this move Is corrective AR ranging environment and Not impulsive which would be a trending Environment which means a move above the Highs should be viewed through a lens of Caution for now and so even if we do hit Yet another all-time high based on what He's seen in the charts and he's gone to
Great Lengths on on his platform to Explain why if you want the full details Like he he's puts he's putting out all Sorts of video content I just want to Share with you key ideas and Perspectives from multiple analysts Because I think there's value in that as Well but if you really want to get into The nitty-gritty follow him on X check Him out on YouTube he's fantastic he has A great job of articulating everything Uh that that you know he stands behind What he says uh and again it's it's when You're talking about CH analysis again I Want to reiterate this it's not about Certainty it's about probability of Outcome he's he's not 100% convinced This is going to happen but he does Think what's most probable is a major Move to the to the downside which is why When he warned this here even if it Starts going higher be Cautious and then he added this post This was uh in the morning April 11th Today next big move will be brutal in my Opinion but you get past that and you'll Get to enjoy up only the likes of which You haven't seen in over 3 years I have My plan ready now I just need to execute When the time is right and and mind you Credible crypto has been in Bull mode Since since the bottom of the bare Market after FTX collapsed and he's been Right prob he's been one of the most
Accurate analysts out there so again It's not a a foregone conclusion it's Not a certainty that this is going to Happen and it wouldn't even be in my Mind scary if it did happen but yeah the People are going to be flipping out they Will be losing their ever loving Minds If this happens and this stuff has Historically played out in crypto Markets before many times even in Bull Markets so even if it even if Bitcoin Gets into the 50,000 and everything else Starts tanking okay fine You know who else uh is is thinking that That type of move is most probable is Another one of the best analysts in all Of crypto happens to be very Pro Xrp my fellow xrp YouTuber the Blockchain backer and he's got two Charts on the screen right now on the Top uh this is a the entire crypto asset Class excluding just Bitcoin and eth so Every other altcoin that exists but not Eth and also not Bitcoin And he's showing what he thinks is going To play out and I'll read what he posted In just a second and elaborate on this And then on the bottom he's got just a Bitcoin price chart priced in United States dollars and um and this is in in 2017 actually and he's noting that the Chart structure that he is noting played Out in 2017 this this just happens from Time to time in various markets that's
What he's Seeing right now that's what he thinks Is is going to happen and not with Certainty but with a certain high level Of probability that's what he thinks is Most probable here and if he want his Full explanation about this he's been Talking about this over the last couple Days in his videos and I don't like Regurgitating a bunch of ta I try and Stay away from that as much as possible But I do want to give you some key Takeaways what I thought were a couple Key takeaways from what he had to say as Well as sharing specifically what he Shared on social media platform X but he Has thoroughly broken this down he has a Great YouTube channel where he fully Articulates his ideas just like credible Crypto does go check it out if you want To get way more in depth because that's Not what I'm here to do but uh here Here's what he posted Market seems like It wants to kill sentiment for a month First reduce volatility and cold turkey Withdraw the dopamine from memes then Capitulate a chance to spend the next Few weeks researching where the trends Are happening at for if the opportunity Comes and so he's been warning at this For at least a couple days or so at Least he's warning that the entire Crypto market cap you know is is Currently in a corrective structure
Which has resulted in altcoins you know And well the Market's just been trending Sideways right you know within a pretty Narrow band of volatility and and it's Just so funny because some of what he Said is very similar to what credible Crypto has said and so the blockchain Backer uh you know he expects this chart Pattern you know to result in a a big Dip to the downside which will certainly Spooked the market and caused massive Panic in many people uh however with This corrective structure that he Believes we're in he does not believe That it will ultimately end up rather he Does believe that it will ultimately uh End up recovering to the Upside which is what happened by the way That so we shared that Bitcoin chart Below it's the same structure and he's Noting if you look where he's got this Little circle in yellow for those you Guys looking at the screen it just burst To the upside so massive correction down Here scared the hell out of everybody And then right to the upside and so that What he's expecting and that's where He's got these squiggles it's just a Rough idea of what he thinks may happen Move to the upside and then break Ultimately so um but you know Nonetheless look it's it's a warning That the market may end up scaring the Hell out of a lot of
Speculators Al although he acknowledges It's you know it's impossible to Accurately predict how long it will take For this chart formation to play out if It's going to you know but uh you know Based on the current speed things are Unfolding you know he he did artic that He thinks maybe it does take another Month or so and he talked about that in This post and also in a recent video I Noticed and so uh you know he also Mentioned that if we do end up seeing uh This crashing structure play out in this Chart formation that is when so I just Said you know obviously bunch of people Going to be scared but that would be the Moment when he even said this publicly That's when he said he'd be willing to Put more money into the market he said He talk about that publicly if he does That but he's planning to because you Know such a structure and he noted it's Also yeah it's a crashing structure but It's a it's part of a continuation Structure the pattern keeps playing out And ultimately bursts to the upside and You know he even said that you know this Crashing structure does unfold that U He'd actually probably be on board with Brad Garling House's prediction of a$ Trillion market cap for the entire Crypto asset class this year I'm sure Many of you heard Brad Garin House's Prediction I talked about it on my
Channel when he uh when he shared it Which sounds pretty plausible To Me Brad Garland house doesn't normally talk like That but I paid attention since he did Uh there's a reason that there's such Confidence Here but you know frankly if we do see This dip like I was saying at the outset Of the video I probably will invest more Money into crypto if that happens and And look my bags have been fully packed For years but I've been buying more at Various times than I've talked about it Publicly when I have and I just do that Because you know I mean yeah it was Cheaper back you know in October November of course would have been a Better time to buy broadly speaking but I'm earning more money and I got to put It somewhere so just for that reason if I get an opportunity okay but for me to Invest more in crypto I need to be Sufficiently enticed because I don't I Don't I'm not of the mindset that I need More but if it goes down then I I just I Buy into capitulation events I just do Because I understand that when the Market's more fearful that's typically a Good thing especially given that I do Absolutely buy into the idea that we are Not near the top of this Market cycle so Given that yeah I'd be willing to put Some more money in and if if I do and I Think I will if this if this happens
I'll talk about it um here's a headline From the daily hoddle top analyst says Max pain scenario coming for Bitcoin Predicts parabolic Rally For Gold I'm Not going to talk about the gold portion Of this but here's yet another analyst Uh incredibly popular here calling for Very similar things to what credible Crypto and the blockchain backro talking About and just want to say I haven't Seen the reputable analyst that I follow Speaking of Ong these lines until very Recently but now that I am seeing this And it's from reputable sources that's Why I wanted to put out this video just To warn you if it happens it's not Likely something we really need to truly Worry about people will be freaking out But I I'm going be cool as a cucumber as They say and buying stuff back up the Damn truck anyway piece reads as follows A top analyst known for making timely Crypto calls warns that Bitcoin may be In the midst of witnessing a painful Scenario pseudonymous Trader blunts Tells his 24,100 followers on the social media Platform X that Bitcoin appears to be Flashing an ABC corrective move on the Daily chart blunts practices the Elliot Wave theory which states that a bullish Asset typically consolidates within an ABC corrective wave after going through A five-wave uptrend here's a quote from
Them max pain on bitcoin is take out the Highs make everyone fomo fear of missing Out a back in and think it's some kind Of triangle breakout then Bam fade back into the lower end of the Range again before the real run Up end quote so even if this happens Still a big move to the upside and so You know ask an analyst in terms of how Low like if you ask how low do you think We're going to go if this happens you're Going to get a different answer if you Ask any of them but it's more about the Concept that there's there's what all a Little bit different ring but it's just Fascinating this is all coming at the Same time they're all seeing something Here and so you know if it goes into the The mid to low 50,000 okay um chart Analyst blunts here isn't predicting That I've seen that it'll go that low in Fact he thinks that maybe goes down to 64,000 so check this out based on the Traders chart he seems to suggest that Bitcoin will SAR to $76,000 only to drop to $64,000 before rallying to a new All-time high of $882,000 and so that wouldn't be like That'll scare the hell out of everybody Um you know it wouldn't be as scary as If you know you see the 50,000 I think That'll scare a lot more people um I Wouldn't mind seeing that now truth be
Told my bags have been packed for so Long I prefer to just go to the upside And get this over with but I'll still be Happy like if the if if the market tanks And we do get into you know the 50,000 then I'll then I'll definitely be Interested I I don't know for sure if it Just goes down to like 64,000 I don't Know maybe but if it gets into like you Know around 60,000 or lower than that Then I'll start to be like well okay you Starting to entice me son I'll take a Look at that around 64,000 though I mean Now that is a big drop if you're talking Going from 76,000 to 64,000 people oh my God the amount of fear it's going to be Crazy if that Happens uh there's also this post from Um techdev another very popular for good Reason analyst out there 444,000 Followers on social media platform X and Um in the evening he just said I think This very simple sentence here he said I Think there is a high probability Bitcoin breaks $100,000 in May okay so plausible so I don't know That he if if he does or doesn't buy Into this idea of a corrective move to The downside perhaps sooner than later But even if it happens it doesn't change Anything on a higher time frame so the Idea of you know us witnessing that even If Bitcoin goes into the 50,000 or Something like that God forbid uh the
Idea of it then breaking up towards ,000 By next month it's crypto folks like That that does not sound crazy to me I Don't know if it's going to happen it Doesn't sound crazy to me now as far as What all this might mean for Xrp um well here's the xrp BTC chart on Your screen this is just the one month Um and so compared to the recent low we Had a few days ago xrp still safely Above it so even though against the the Dollar I think xrp will tank if Bitcoin Does because the whole Market's going to Move in tandem it will be really Interesting to watch what happens on the Xrp BTC chart because it might be the Case that um that that Bitcoin tanks to A much greater degree or at least to a Little bit of a greater degree because In recent weeks and I highlighted this Credible crypto was saying you know it Was a it was a it was a different Scenario before we was calling this Specifically but he seemed very Optimistic at least at the time which Wasn't too long ago that on the xrp BTC Chart you know it's time for xrp to be Picking up some steam here and that even If you see a move to the downside maybe Bitcoin is going to a lot worse but um We'll just watch so if this where I'm Circling right now on on the eth if that Was actually the low great but even if It's not the market will find one and
Things are going to reverse and take off But we're more or less in that moment I Know I've been saying that a lot lately Because you know in the moment you know When you're living day to day to day and Then a week passes and then it's two Weeks and then a month has passed so on And so forth it feels like okay well You've been saying that forever when's It going to happen Okay but then when You look at a yearly chart like once This is all said and done look at year Out and then look at the moment where I'm saying this it's like a blip on the Radar so it feels like a lot in the Moment but in the scheme of things it's Not which is why I can safely say that I Still firmly believe that roughly Speaking this time that we're in right Now is the moment before xrp takes off Because historically these have been the Parameters that we've been looking for Before it does so that's why I have that Level of confidence so I'm not worried About any of this uh I'm excited yeah I'd rather this not happen but I mean if Credible crypto and you know the Blockchain B you know they're saying hey What's most probable though not Guaranteed most probable is that you do See a you know a corrective move to the Downside a crashing struct I'm like well Damn it then maybe that does happen Because they're they have really high
Hit hit rates and nobody's perfect no Analyst is but I I will tell you they're Among the best that we got so I'm Listening and I wanted to share it with You I'm not a financial adviser you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
