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Hello this is Matt on the moon Lambo Channel one of my very favorite chart Analysts out there says that it's about Time for the next impulsive move up in The world of crypto to be led by Bitcoin And I'll tell you that right now xrp is Doing exactly what we should be wanting It to do and what we should be expecting It to do based on historic precedent and Mind you last Market cycle we did see Xrp make an impulsive move up in price About 5 months before it hit its cycle Top in 2021 which was then about $2 and because mind you so when did Start about 20 something cents at in October of 2020 right and then in a Matter of a week or two whatever it was Shot up to around 80 cents and this is Before all the SEC nonsense but it did It had that impulsive move to the upside In 2020 and even despite the SEC nonsense 5 Months later we still saw xrp hit about Two bucks so there there is a lot of Historic precedent for this and I I Mention mentioned this in the video Yesterday but the same was true in 2017 you know you saw xrp move from About half a penny up to over 40 cents Then back down the cycled to you know Was ranging 15 to 20 cents whatever it Was around there for about half a half a Freaking year and then it went on that Face melting rally to over $4 so there's
Certainly precedent for this to have an Impulsive move before we hit the new All-time high so if that's the case this Is why so many analysts that have been Tracking xrp are saying it's absolutely Plausible perhaps even this year that we See a major move for xrp above $1 and This is always the case it only feels Impossible until suddenly it happens Then everyone's like oh yeah of course It's going to happen no I'm not going to Forget about the negativity right now Okay because there's so many people that Are negative on xrp uh long-term holders Not get people are impatient and I have A certain amount of sympathy but come on Just let the data sink in and taking the Historic precedent everything's fine but Um on top of that I'll mention this too There have been major inflows Uh you know to the crypto asset class This week and that's by the way despite The fact that Bitcoin has been mostly Just trading sideways you know so this Includes an increase in the total value Of all stable coins which by the way I'll mention this too comes after a Consistent decline for a year and a half Straight and now you're seeing an Increase and it looks like December's Going to be the second month in a row With an increase and still that month Has to end to know for sure but that's What it's looking like well that's one
Heck of a bullish indicator don't you Think this thing's going to go son like That's that's my suspicion at this point 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 right I'm just an Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun I want To share with you a post from chart Analyst credible crypto uh this is the Guy that I was referencing at the very Out set of the video one of my favorite Analysts out there he shared this Bitcoin USD chart in some perspective Just this morning December 17th and this is a chart Bitcoin USD Going back to August so uh chart starts Right before things really bottomed out And then we have had the fun incline in Terms of price action for the last few Months but here's what he had to Say because again we've been Consolidating for most of the last week It's mostly been sideways price action But holding above $40,000 so far anyway Right so he said the f 1 month and $66,000 later and bitcoin Price action is progressing beautifully Now wrapping up a fourth wve Consolidation above
$40,000 in preparation for the next Impulsive move up to $6,000 plus and so I'll pause a note Here he was talking about this within The last week week and a half I can't Remember exactly when but very recently And he said look based on how things Have progressed and I don't want to get Into that I don't like to regurgitate But he did not that based on the way Things were prog progressing uh he Didn't think that uh Bitcoin was just Going to run up to close to $50,000 and then just uh you know have a Correction back to the downside based on The price action that he's seen he Thinks that we're just going to melt Through that you know like uh to the Point where we're going to see $60,000 that'll be the next notable Resistance level and then he says Structure is incredibly clean and while This fourth wave can technically Wick Under $40,000 without causing any Structural damage I don't expect it will Well that'll be interesting see and can You imagine what like I understand on The biggest of days it's just like those Are frequently just Bitcoin days and Then even if there's some green for Altcoins it's mostly not Noticeable but then it comes Bitcoin Does its thing money still rotates and If you're talking about Bitcoin blasting
Up from where it is now you know not Quite 50% but pretty damn close getting Ever Getting ever closer to its alltime High close to 70 grand alt coins are They're going to go freaking ballistic And that's why everybody prejudging you Know xrp success based on where it's at Right now like my God you guys just got To zoom out some of y'all things are Looking pretty damn good I've never been This excited to being crypto and I Literally mean that like I've and yes For on a personal level like for me Obviously I've had a lot I've had many Years to be positioning myself but then Xrp is my largest position it's got the Legal Clarity all that But in in terms of what's reasonable to Suspect at this point like what isn't Aligned in the world of crypto I mean You got stocks popping and for xrp Bitcoin's been leading the way as long As that keeps going why wouldn't we Expect a new all-time high for xrp Finally here's a post from Bitcoin Magazine they shared this video clip uh From the CEO of of vanc which is a major Investment firm in the world of crypto They've got um I think something like 76 Billion and assets under management he Was on CNBC and he just noted quote alltime Highs in the next 12 months end quote Referencing Bitcoin which again is what
We want to see even if you don't hold Bitcoin you're not maybe you're like me And you hold it and you're just not Excited about Bitcoin you just do it um You know for the sake of diversification Whatever your reasons are um we need to Continue to lead the way and there's Broad expectation that this is what's Going to happen and this isn't just some Sort of one-off incident in fact this is Why I I love tracking additional data Points here and there is perspective Shared the other day um by coin Telegraph this is an article written by Rices upup and I I want to cover just a Top part it's kind of broad analysis but He said bitcoin's rally has been taking A breather for the past few days but It's strong rally in 2023 has not gone Unnoticed a survey of United States Financial services companies by crypto Firm paos showed that 99% of the firms Were putting as much or more more focus On crypto projects this year as compared To previous years analysts are Increasingly bullish on bitcoin and the Crypto space in 2024 bitwise senior research analyst Ryan rasmusen made 10 predictions for The crypto industry in 2024 and an X Post formerly Twitter on December 13th And he believes Bitcoin will SAR to $80,000 in 2024 and more money will be used to to
Settle using St coins he goes on a note And so I don't pretend to know where Bitcoin's going to top or if it's going To top in 2024 or 2025 but you know kind Of the cool thing is even if people are Expecting Bitcoin to go way higher than It ultimately does uh we had that happen Last cycle too didn't we that we had That happen the cycle before that I mean For those of you that were here in 2017 You may recall that when Bitcoin was Hitting its all-time high then of about $20,000 there were calls for it to go to Over 50,000 and ultimately over $100,000 And we were just getting started and That obviously was not true that Obviously was not true and then last Market cycle in 2021 oh man 70,000 you Just wait we're going to be at 100,000 150,000 so people are notoriously bad at Picking tops most analysts anyway right But the cool thing for we as xrp holders Is we don't there's no magic number for Bitcoin that has to hit $100,000 for xrp To hit a new alltime high no it just Needs to hit a new alltime high because Xrp's never hit a new alltime high Without Bitcoin doing that first so Whether that's 80,000 or 90,000 or 100,000 whatever the hell it is I kind Of don't give a damn and if it's not High enough for me to feel sufficiently Enticed then maybe I don't sell my Bitcoin I mean it depends on how how it
Gets I mean if it gets a bit over $100,000 I'll start to feel pretty damn Enticed but um but for my xrp like I Like I've been pretty forward about this And pretty open about this I'm looking To make the vast majority of my crypto Wealth from my altcoins and specifically Xrp my largest individual crypto Holding now take a look at this there is A persp perspective shared by chart Analyst egreg crypto and he shared this Chart just a crypto total market cap Excluding Bitcoin so uh altcoin chart Here and uh and he wrote The Following Altcoins break of structure altcoins Have shattered the structure firmly Resisting a flip to support the Breakthrough occurred in the last weekly Candle and we're now in the critical Retest phase anticipating a fib point5 Move potentially within a single weekly Candle all right so I will pause to note Here that that would bring uh altcoins Up to what here he's he's saying about So what 858 billion in market cap and at The time he posted this which by the way Was today it was this morning early in The AM uh at the time that he post is $722 billion so you're talking about an Increase from 722 billion for alts up to $858 billion and see this why I like the The real fund and the real opportunity For life changing wealth It's in
Altcoins there's a reason that so many Of us especially in the xrb community Are not as excited about Bitcoin I'm Pro Bitcoin I'm going to continue to hold it Until I'm sufficiently enticed to sell I Don't get that excited you know it Doesn't really Light My Fire you know What I'm Saying um but then he said here FIB 702 So that would be let's see $137 Trillion um so he thinks that well so That could be let me just read what he Wrote her I think they said next uh Bulls time to flex those muscles and put In the effort so not only does he think That's plausible but considering that Last Market cycle alts got to a peak of $1.72 trillion he personally believes That we could see 2.3 times that for This cycle so you're talking about as he Says here what 3.36 Trillion uh wouldn't mind seeing that Now I wanted to mention something here Though because you know um at at the Time I'm recording this so the the Alltime high mind you this the all-time High for altcoins again was $11.72 Trillion at the time I'm recording this Altcoins currently have a market cap of A little shy of $800 billion so you know You might think that you know this means There what if there's really not much
Opportunity left I mean after all you Know we'll hit that alltime high you Know the 1.72 trillion with a mere 2x Roughly speaking and so even if you go 2.3x above that is that really that much Of a move to the upside is it really That big and so you know how much of an Upside even for altcoins could there Actually be you know and this is an Incorrect way of looking at the Situation though why because altcoins Don't literally pop off all at exactly The same time some altcoins pop and you Know many um many people will sell the Highs and that money that profit then Rotates to other coins that haven't Popped off yet So you know money is going to be flowing Through the entire crypto space like Freaking crazy but I mean if you just Consider I don't know if anybody's Everever put this together but if you Just consider whatever the all-time Highs will be once this Cycle's done if You could if you go back and look Whatever the all-time highs would be for Every single coin at their peaks it Would be worth way more than $ 3.36 Trillion I wouldn't be surprised if it's Well over1 trillion I wouldn't I mean Somebody should run those numbers it Would just be interesting to see but Concurrently uh I mean that That's not all going to be at the same
Time no but that's the reason there's so Much opportunity here and it's going to Be fun and I'm not going to be overly Greedy it's just when stuff starts Popping I fully intend to be selling all Sorts of stuff this Market cycle and I've never cashed out into United States Dollars before because I am truly a Long-term crypto holder because I firmly Believe in this space and I've certainly Been right to this point it's not a Perfect process things can get messy but For me I just don't worry about I just Buy stuff and I sit there and I hold and That's that and it works I knew it worked when it came to the Stock market so I took the same approach Jumping into crypto over six years ago And what do you know the stuff that I Bought especially back then is worth Broadly speaking infinitely more than it Is today or um or than it was was back Then rather I said that Backwards um so oh then take a look at This okay so there's this headline from The daily huddle stable coin market cap Flashing positive sign for crypto Liquidity according to analytics firm Into the block prominent anal Li firm Into the blocks block says the market Capitalization of all stable coins is on The rise signaling an increase in the Buying power of crypto Market Participants the total value of all
Stable coins looks primed to rise in December for the second month in a row After declining for a year and a half Straight which into the block says is a Positive sign for crypto liquidity into The block also looks at bitcoin's Exchange net flows which tracks the Bitcoin moving in in and out of Centralized crypto exchanges by Subtracting the amount of a coins Withdrawals from its deposits Bitcoin Recorded 860 million dollars worth of Net inflows into exchanges this week the Largest number in 9 months according to The analytics firm so my friends think About that despite the sideways price Action what are people doing so again It's just one more metric you can look At There's No Smoking Gun when it comes To analysis of the crypto space you can Look at all sorts of things fundamental Analysis technical analysis uh the so All sorts of stuff what's happening in The macro environment just broadly Speaking and see how does that impact There's a lot of things that you can Look at here so this is just one more Thing but isn't that fascinating 860 Million worth of net inflows into Exchanges this week the largest number In nine months according to the Analytics Fir and I also do recognize That sometimes when you're talking about Massive inflows into um
Exchanges um depending on specifics it Can at times mean that people are just About to sell But you just got to kind of Wonder here Like even if some people do sell sell Down to what if you look if you've been Following what's been happening even for The last week here um you know according To many analysts C credible crypto being One of them of course a lot of signs of Strength Here so to to what degree and then you Kind of wonder what the stable coins is It just dry powder and people are Waiting to purchase snatch stuff up I Mean and argue obviously people have Been doing that I mean look at what's Been happening the last few months you Know this this is not new it's just that What I'm getting at is we keep going That Direction that's why this is fun as hell Like this is the most excit these are The most fun times you know and then I Just this is what it was when I jumped Into crypto in 2017 weird time to jump In right is that crazy euphoric Bull Run Was going on so it was fun and it was Just like this in late 2020 going into 2021 and here we are years later and it Looks and feels very similar it just Does right if you guys have been here For at least one previous cycle you got To acknowledge it it feels the same
Right and it's not just about feelings I Know that's stupid I'm more about logic And data but all of it coming Together I think we have so much to look Forward to in 2024 this is going to be a Blasty blast my friends this is going to Be a lot of fun so sit tight because yes It's been cool what's been going on the Last few months but we ain't seen none Yet I am 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
