Ripple XRP & FLOKi NO TURNING BACK: Sony Just Made UNTHINKABLE Partnership!!! (BREAKING CRYPTO NEWS)

if you hold any crypto right now what I'm about to share with you in this video is going to completely change the game after this there is no turning back the past month we see all these projects down 25% 30% even upwards of 40 50 and yes over 70% however if we zoom out over the past year we can see a lot of these projects up 200 300 400 700 1,000 4,000 6000% so in this video I'm going to be sharing with you what's happening for the altcoin market how much more pain is left in store for us before we go up when will Bitcoin top out this Market cycle what you need to do before that happens what's happening for tokenized treasuries right now on the blockchain that's a massive deal that virtually nobody's paying attention to right now what's happening right now with the treasury buyback operation over in India Japan the European Union China and the United States what this Bitcoin Decay Channel oscillator is saying about where we are in the current market cycle and the most likely scenario to happen next a key technical anal pattern that we're forming on the weekly chart and exactly what this means what Sony is doing to dive into the crypto space right now and exactly what project they're choosing to partner with we're breaking down the xrp to the US dollar price chart in two scenarios that are likely to happen next based on a key indicator on the weekly chart the reason why we're all still very very early in the crypto Market regardless of whatever happens in the short term and also what I'm doing to earn an extra th000 to 2,000 xrp per day through the number one liquidity pool on The xrp Ledger and the number one Play to earn xrp game so if you guys are are feeling bullish comment 777 if you're feeling blessed comment 777 and if you're going to become the first millionaire in your family tree you know what to do confirm it by tapping the Subscribe button liking this video as always let's run it all right bu Runners welcome back to the channel so looking at the market right now bitcoin's at $559,000 salon at43 xrp at 57 the markets have been taking a little bit of a beating the past 24 hours and this causes a lot of people to freak out uh so when you're in doubt what do you do you zoom out we look at the whole Market the past year you know we see Bonk up 6000% the meme coins have still been crushing it render is doing well Caspa is doing well you know we see ICP up 123% uh flaky is up 769 and so to kick this video off I want to let you guys know what's going on right now I talked about this in a previous video um over the next 24 hours it's super time sensitive they're actually doing an airdrop for flaky holders so the reason why flaky is holding up well over the past few days is because of this airdrop and so this is for Simon's Cat now Simon's Cat is a big big over in Europe you know I just found out about this within the past like week or two and Simon cat has like millions of followers on social media so this project already launched on the 22nd and it has about $172 million market cap already so they're doing a big aird drop for this so pay attention to this that we got a lot to dive into in this video they're doing a snapshot for the airdrop on August 29th at 20 359 UTC So based on your time zone you just go on Google and type that in just copy paste and say like what time is that then enter your time zone so they're saying that you can get flaky up until the snapshot time to qualify for the airdrop the cat air drop is proportional to the amount of flaky you hold for example if the distribution ratio is 04 40% cat per one flaky then if you hold like a million flaky you would earn 400,000 cat in the same example holding 10 billion Floy would earn you 4 billion cat so the more flaky tokens you hold at the time of the snapshot the more cat tokens you will get now I don't know if it's exactly 4% that might fluctuate you know please note that the yeah they even say please note that the numbers used in this above example are only for illustrative purposes and to qualify you need to hold at least a minimum of 400,000 flaky tokens according to this post binance will support the cat air drop for flaky holders on their platform and for full details on the binance specific airdrop please refer to the official announcement here now also they're saying that users who hold flaky tokens on chain which means essentially on any wallet will also be aird drop directly to their wallet on the BNB chain but this doesn't mean you need the BNB version of Floy you can get the ethereum version and you'll be air dro the BNB chain of the cat token regardless of whether you hold Flo on East or BNB so like I said for full details on the Simon's Cat onchain air drop to fi holders you can refer to their official announce ment and I'll leave a link in the description below for you guys to check that out now I talked about flaky in a previous video on this bounce that was most likely to take place on the flaky to the tether price chart on binance because of not only this news but just from technical indicator of the weekly stochastic RSI being in oversold conditions if you guys look at the bottom of the screen right here you can see the K line is at 14 the dline is at 6 the last time that we saw a bar a bullish cross below 20 take place was on the 8th of July we saw the price bounce right here at the top of the screen and it recovered about 65% so this was great on the weekly chart the last time before then that that took place was on the 5th of February and as you guys know the whole entire Market just absolutely exploded after that and FY rallied over 1,000% over 10x so this is actually really good information for you guys to look at any charts and I'm going to be bringing up a couple more projects at the end of this video and showing you how to analyze these projects yourself so you can be able to capitalize on trades that's you see in the space and as always I'm not going to tell you to buy or sell anything I'm just going to show you guys the news of what's taking place in the market and then what you choose to do is up to you cuz I'm not a financial adviser these videos aren't for financial advice crypto's risky you can lose money in these markets and these videos are purely designed for information educational purposes only to just bring you the news you know I just make these for fun and if you invest in the market understand that by watching these videos I'm not guaranteeing you're going to make any money in crypto in fact 99% of people are probably going to lose money money cuz they don't subscribe to the channel they don't watch these videos they have false expectations and they just expect to get rich overnight and so what I want to share with you is exactly what's taking place and how to look at these charts right now I'm not the best Trader in the world but I do spot some things and I want to share those with you so look at the 18th of September right here when we saw the previous bullish cross right here below 20 on the stochastic RSI what happened with the price from there well flaky bounced right after that on the weekly and it recovered about 200% and so if you look on the weekly and we brought up the RSI as well too the RSI doesn't relative strength index doesn't necessarily need to be below you know 30 in order to be in oversold conditions you know so that's why we bring up other indicators like the stochastic RSI the macd but just on the weekly stochastic RSI you know this was a great point for flaky and the Real Testament here is based on what I'm going to share with you on the total altcoin market cap of whether we go up or down because we are currently on the weekly closing Above This descending resist resistance right here on the weekly and so if we could hold above it for the next week going into September and the week after that leading up until the FED meeting then FY could do very very well the key swing high that we need to break in order to have a trend reversal is the high right here of the 15th of July of 2024 until the 22nd of July if we can clear that high then this would be a trend reversal because a trend is just simply a series of lower highs followed by lower lows so we've been in a downtrend ultimately in this like macro falling wedge since you know the the high was in on the 11th of March we did form a higher high but since since the uh 3rd of June we've been forming lower highs right and lower lows and so we would need to see on the weekly for us to Trend above this hold it as support and in the rest of the market recovery and in order for FY on the on the midterm to be trending upwards otherwise we would see a failed rally after the fed's meeting or going into the fed's meeting price to roll back around to the downside so nonetheless I do think over the next couple of weeks we are going to see some positive momentum going into the the FED meeting and that's going to affect the rest of the market you know so if you guys want to benefit from their airdrop that they're doing check it out like I said I'll leave a link in the description below FY also launched their trading bot and they say it's the fastest and easiest way to buy tokens you can click the link below start trading now in fact I tested this out the other day to see if this was worth the hype and it was really really really simple I was able to place a trade really quick in fact I'm up 28% on the trade over the past few days and um it's awesome because you can just click this little button right here you can start the trading bot and it'll basically show you everything that you can do like manage your wallets withdraw funds deposit funds check your trading positions also you can buy and sell tokens simply just by clicking this right here they made it very easy to be able to get flowy or you can just paste the contract address of whatever you want and it's super super simple I also made a tutorial video you guys can click below check that out if you want play around with it have some fun because if we look at the crypto total market cap excluding Bitcoin and ethereum this is total three and we compare back to the past on what happened with this capitulation event in March and then we started to work our way on out of here everything is still looking good on the macro where we would reevaluate what's happening is if we broke the low of $470 billion that was formed on the 5th of August for that capitulation event in the market ultimately right now though we are in a downtrend as you guys can see we got rejected from this descending resistance on the 24th of August and so in order for us to form an uptrend we would need to see the price break this descending resistance hold it as support ultimately break the high of the 24th of August and then the next high to break would be right here from the 21st of July for the total altcoin Market to breach above that and then hold that as support as the next stop on the contrary if we Trend to the downside the only time that we would really Panic is if we broke this zone of support right here like I just said $470 billion so when we look at the bottom of the screen right now we can see some similarities to what we're going through right now when we saw that rally up to the peak in June of 2019 when the market rallied to about hundred billion we saw this sell-off this downtrend form theories of lower highs followed by lower lows an attempt at a recovery right here by the 6th of November ultimately it was a failed rally because we did not clear this high right here on the 19th of September so we put in a another lower low and we saw a continuation of the downtrend similar on the top of the screen what you guys can see that just recently happened on the 31st of March we saw the peak come in at about $780 billion we see this downtrend form series of lower highs followed by lower lows an attempted a recovery by the 7th of June right here the price come down attempt to make another recovery get rejected from this descending resistance form an even lower low all the way down here by the 5th of August and what we're seeing right now is another attempted recovery that was rejected from the any resistance now the differentiator here that we can see is the recovery from the 17th of December of 2019 until February of 20120 right here was a lot more rapid and it actually did put in a higher high from the 6th of November as you can see I'll just clear the chart on the bottom of the screen you can see from right here we're forming a higher high and if we were to just draw a trend line from December 2019 to the 3rd of January we are forming higher lows as well too all was fine and dandy if we held this support right here and we bounded off of it however we didn't we saw this final ShakeOut event take place all the way to the downside and we put in a lower low during Co that wiped out the low from December of 2019 so the real thing that turned the market around was quantitative easing that brought the market out of this and once we printed in a higher high roughly in July of 2020 we broke the high of the 15th of February we held it as support all the way through this region right here since the 16th of August until roughly the 20th of November this phase roughly last lasted another 90 plus days so about 3 months before we finally start breaking out to the upside to get into the final parabolic stage of the bull run to go into Euphoria so in my opinion what we're going through right now is something like this this scenario right here before we finally break this descending resistance and hold it as support on the top of the screen right now and so we either have seen the low for the market on the 5th of August or we have one final low to shake everybody out completely spook everyone out the market to where people are the most pessimistic negative and fearful that they've ever been and then go up from there and so I'm going to explain a few different scenarios for you guys to pay attention to because ultimately if this recovery rally fails and we see another capitulation event to the downside you have to be ready for that before we finally start making the recovery on out of here leading into 2025 now personally I'm leading more on the bullish side right now and I believe that we will break this descending resistance similar to what we saw at the bottom of the screen right here when the market started recovering on out of here and then traded at this descending resistance for a period of time and chop Sideways from like the 1st of June until the 7th of July right at this phase right here it just struggled to break out and then once it broke out total 3 still even struggled to break the high of February of 2020 for another month all through July and then it finally broke the high and it had to consolidate for another 90 days so it's going to take some time to get out of here it's not just going to be a rapid move just in instantly to teleport us to a new all-time high if we are to break out from these levels it would look something like this where we struggle to break this descend resistance and ultimately break it hold it as support and then struggle to work our way through here and just chop around through this next few months leading into election I don't expect there to be any parabolic price action until we know exactly what the Federal Reserve is going to do with their effective federal funds rate coming up in September 18th meeting and he's most likely going to drop at drone Pow by 25 bases points if he's more aggressive and he drops at 50 basis points 75 or even 100 basis points that might shock the market even more and that's where we could see a liquidation event for another final capitulation to the downside so right now we're somewhere within this range right here based on where we were in the past attempting to make a recovery rally followed by final capitulation event or we've seen the capitulation event and we're in the process of making the recovery right now within the circle within a circle that I'm drawing right here now I thought this was a great post from the scalping Pro right here about about Bitcoin topping out when will Bitcoin top out because Bitcoin has shown a pattern in previous Cycles where it tops out several months after the having event in 2013 Bitcoin pumped by over 9,500 and peaked 406 days after the having took place now in 2017 as you can see on the screen right here it climbed by over 4,100 reaching its peak 511 days after the having now in 2021 Bitcoin gained 636 and topped out 546 days after the having currently Bitcoin is still in a consolidation phase following its recent having and in this cycle if it follows a similar pattern we could expect Bitcoin to top out between June and October of 2025 about 400 to roughly 550 days from right now even if we see just half the growth of the previous cycle which would be a 300% increase from current levels right now it could push bitcoin's price up to about $200,000 so the smartest thing to do in my opinion again I'm not going to tell you what to do I'm just going to tell you what I'm doing then you choose to do what you want but is just to accumulate as much as possible and here's the reason why even if we go lower and we see another ShakeOut event that could scare people out of the markets tokenized treasuries are experiencing exponential growth right now after taking 452 days to reach about a billion dollars the asset class took only 152 days after that to hit $2 billion helping largely by the launch of black Rock's buidl at the current rate tokenized treasuries will Top $3 billion before Thanksgiving so you guys can see black rocks BYL build I don't know how you say that b Bild then you see fob XX usdy then a bunch of others down the list so black rocks is the largest and tokenizing everything on chain is what Larry f has talked about that's what they want to do so why would they be f focused on buying more Bitcoin adding to their balance sheet significantly stacking in the tokenized treasury space on the blockchain why would they be doing that if they didn't think we were going up wouldn't they be offloading their bags I mean if you hold over10 trillion in assets under management you clearly know what you're doing that's not even accounting for all the money all these other companies are holding like vanc Arc 21 shares Fidelity you know you got Morgan Stanley and massive amounts of companies that I've talked about over the past few months that are just diving in that's 10 of trillions of dollars guys in assets under management and they're all bullish on crypto also when we look at a money printing update from the US China India Japan and the European Union they're printing the US printed $31 billion in September Japan printed 8 billion in August September is going to be reported here soon so in terms of collateralized loans globally financial institutions might offer loans denominated in dollars where collateral is required this collateral could be in various forms including Securities real estate other assets however these are typically not publicized as a specific program unless they involve Central Bank operations or significant regulatory changes so all of this underneath operation type right here you guys can see is for liquidity support cast management liquidity support so the settlement date for all these maximum purchase amounts of 4 billion 500 million 2 billion 4 billion 5 billion has been happening all through August and it's going to be happening all through September September all through October going into November so this followed by Massive M2 Global liquidity injections happening when we look at at this Bitcoin Decay Channel oscillator it's still loading at currently like 24% with bit when bitcoin's price was at $63,000 it's a little bit lower than that right now at the time of making this video but the oscillator saw a 4% jump since Friday's actions we may not know precisely when the actual Bull Run will the true Bull Run will really start even though we're in a bull run right now on the macro ever since the bottom came in back in 2022 leading into 2023 according to smon Wi right here showing we're at it was comparable to where we were from 2019 to 2021 either getting close to a breakout or going through this choppy period while the FED decides what they want to do so this is just maximum time to accumulate in my opinion similar to where we were from 2013 to 2014 we're not over it looks like when we get over 50% 60 70 80 90% then that's the time to start getting out of the markets so people that are getting out of the markets right now well they're getting out between 20 and 30% so we're by no means in overvalued ter Rory whatsoever on the macro there's still room to go there's still money to be made and everyone right now has seen like a cup and handle formation on the on the macro chart where Tony the bull sees an inverse head and shoulders in Bitcoin the last time we saw an inverse head and shoulders in 2014 in 2017 you know the head was at the bottom uh when the Bull Run started we were working on the right shoulder and once we broke that high back in July of like 2016 right there we broke out and we went into the final stage of the bull so we're right at that critical threshold right now forming a right shoulder and once we break the the alltime high it's Off to the Races from here and that's when Bitcoin will start breaching upwards of 990,000 then I think a roughly around $100,000 will be the next stop before we consolidate for a period of time similar what happened to the market right here by like the 12th of May of 2021 and we saw this massive selloff followed by the final rally in the Bull Run for the true alltime high and then we go into the bare market so I think the next move for Bitcoin is going to be the most rapid it's going to be also the most parabolic for the altcoin market cuz as you guys can see right here this is just the disbelief rally out of the bare Market lows and corrective wave number two so whether corrective wave number two was in like I just said for that capitulation event in August or let's say we have a little bit lower to go maybe we come down to like $400 billion dollar wherever that low is let's say we come down to $400 billion I'm going to be dumping so much money in the market because the next wave ellite wave 3 is usually the most impulsive and then corrective wave four and then we see the final blowoff top for the bull run and so right now we're between one and two whether two is already in or we have lower to go the recovery out of here is where we start stacking up more crypto before we see the next parabolic move to the upside so scenario one we're working our way on out of here right now we're just going to form higher highs higher lows and then we're going to see another major spring in the market to the upside scenario two is we still have further chop in this market to the downside and then we start working our way to recover on out of here either way this is the time where the millions are made to accumulate in the markets and again that's not Financial advice that's just the fact if you believe in the future of blockchain technology if you believe in the future of crypto if you don't then you wouldn't be watching this video to this point so that brings me to more bullish news right now and that's $1 103 billion company Sony is getting ready to launch a Bitcoin and cryptocurrency exchange very soon so Sony group is bringing its business on chain and it's set to be powered by a project called pith now pith network is in collaborations with Sony and star taale HQ being the first Oracle to deploy realtime price data on sonum a new blockchain developed by Sony block Solutions Labs so they just posted this massive thread on their Twitter like 8 hours ago and so this is big news for the pith Network and if you guys want to read that go feel free to check it out I'm not going to read this whole thread um the most important thing to focus on is where this project is right now in the market cycle because when we look at Market Cycles when we look at tokenomics too pith Network sitting at uh 27 it market cap is at $1 billion that's not too bad it's definitely a large cap its circulating Supply is 3.6 billion tokens its total Supply it looks like about 10 billion tokens now the fully diluted market cap is 2.7 billion so that's a little bit higher than the current market cap because I'm sure there's still tokens locked up from when they launched this project right here and so when we look at the price chart we can see that pith is in a downtrend from the all-time high in March of 2024 on the binance chart it looks like it was upwards of A1 and roughly 16 and so we're forming a series of lower highs followed by lower lows what I would want to see on this chart is a trend rever to see a trend reversal is for it to clear the high of the 27th of July alongside with a macro Market recovery for all altcoins that's about 40 cents so it's sitting at 28 cents right now so what that would look like if it needs to form a trend reversal is to break this High hold it as support and just to continuously March upwards out of this descending bearish channel right here also on the indicators right here we can see that the relative strength index is at 43 right now it got rejected you know from the descending resistance on the 24th of August so it is in a downtrend on the relative strength index since the 26th of July putting in a lower high so what I would expect the most likely scenario for this project if the altcoin market doesn't recover is a continuation to the downside to come back down closer to 30 on the ra strength index because when we look on the daily chart for the stochastic RSI we are in a downtrend we saw a bearish cross take place above 80 on the 24th of August when it got rejected from this descending resistance right here on the price chart and so because the Kline is at 27 and the D line is at 49 we're seeing this project bottom out right now now in order for me to want to accumulate something like this personally I wouldn't buy any of this right now because we we are in the downtrend I would wait for a reversal also I would want to see the stochastic RSI all the way down here below 20 forming a bullish cross similar to what we saw happen back here on like the 6th the 5th of August right here all the way down when the K line the D line we at like four or five we saw the price Bounce from 22 cents up to 35 cents for me to enter into a project like this we also saw a bullish cross all the way back here in July but you can see the momentum wasn't even that strong on the recovery right here at the bottom of the screen when we saw this bullish cross you saw the recovery just kind of like rallied up from roughly about 27 cents to 33 cents and then it rolled over from there tried to make another Rec recovery failed so it's trying to break out right now ultimately the next move if we don't see a breakout would be a massive ShakeOut to the downside for this project you know to really drop it within this oversold territory all the way down here below 20 on the stochastic RSI on The Daily and also closer to 30 on the daily RSI as well too and so where would that put the price I don't know but it would be lower than what it is right now so for that reason pith needs to hold this key zone of support right here I just don't think there's been enough pain for this project to see massive red candle to the downside yet so it's forming a bottom once the Bottom's in however we may revisit this project because a lot of the times you guys will see macro news like this completely disconnected from technical analysis where like the chart doesn't reflect this bullish news and we continuously see a selloff while massive Partnerships are made eventually what takes place is if Sony really crushes it in the space this project could kep up could catch up and what we see happen here is a rounded bottom formation on the macro that ultimately comes to fruition in the later stage of this bull run where we come back up to retest where we were back in March to April of 2024 so how rounded bottom formations look is something like this where we see the price form a downtrend after a a high and we just get rejected multiple times from a descending support that also makes contact with this rounded bottom that you can see right here and so as we start to work our way out of here you know we might see a few more points of contact down here for a final low and then we break key zones of resistance to form an uptrend because as you guys know a downtrend is simply a series of lower highs followed by lower lows and because we've been making lower highs and failed attempts at a breakout to make higher highs like what happened on the 27th of July we won't see a Trend reversal until ultimately we clear like 40 something cents so I would want to see the price clear 40 cents consolidate like this and then start working its way on the other side of this rounded bottom holding it as support to see the next major spring to the upside like this and then the chart looks something like this and then we get back up to the neckline depending on where you're drawing the rounded bottom formation could be the 21st of April this high of roughly 70 it could even be you know the all-time high of $114 so we want to see the price form a higher high followed by a higher low and then I might consider entering in a little bit later after I see that the macro Market sentiment has improved with the FED changing interest rates key indicators like the relative strength index to be closer to 30 the stochastic RSI to be below 20 to get the best possible entry point because guys if you're entering into a project when the RSI is like right in the middle at 43 like that there's a lot of uncertainty there sure it could go up and you get a good trade but the majority of the time if you're just blind investing like that while we're clearly in a downtrend like this not in over old conditions then you're number one you're not fully doing your research remember just watching fundamental news about Partnerships with Sony is not enough number two you're running the risk of the project continuing to the downside and then having to sit there and wait for another 1 month two months 3 months while project breaks out so that's why I want to bring you guys other projects that I could spot in key oversold territories for example flaky was one of those projects if you guys watched my video about a week ago I talked about this we just saw a bullish cross right here below 20 we're still below 20 on the stochastic RSI but just with that alone we're seeing a bounce in the price right now so if you would have watched that video you would be up you know 60 something per even at the time of that video I'm up 27% so if we see a recovery for the rest of the market and we break the high of the 15th of July through the 22nd of July on the weekly chart for flaky then ultimately the next stop for this project is the all-time high now that's not a guarantee obviously right like I said we could see a failed rally followed by final capitulation event however on the macro in terms of what's a good strategy I always buy when I were an over so conditions on macro indicators like the weekly or the monthly right that's how I became a millionaire before 30 I didn't just fomo into a Project based on some fundamental news or partnership like with Sony same thing for xrp what I do is I watch the weekly chart I also watch the monthly chart and I see where we are on these key indicators and so I've highlighted them for you so that way you don't even have to go to the chart and do this and I put a vertical dotted yellow line for you guys to see when the stochastic RSI on the weekly chart has experienced bearish cross is and what is taking place after that bearish cross on the weekly stochastic RSI has happened and the majority of the time we've seen a sell-off so if we go back to the the high back in April of 2021 right around there we saw a bearish cross take place xrp's price crashed all the way from roughly $2 all the way down to like 50 and then it what we see happen on the reverse side of the scale well on the 26th of July we saw a bullish cross below 20 on the stochastic r I where the Kline and the dline were all the way down near two oversold conditions great entry point again not Financial advice but the price went from 50 something cents rallied upwards of $1.40 so this is literally a cheat code guys that changes the game for you if you plan on investing on the macro Market cycle based on these key indicators and so look at the next time that we saw a bearish cross when the price rallied all the way upwards of $140 right here by roughly the 30th of August of 2021 we look at the stochastic RSI in the weekly we saw a bearish cross happen roughly around 80 overbought conditions sure enough we saw the price sell off to the bare Market low and we even saw another uh bearish cross right here during these recovery rally so during a bare Market if you want to make money during a a bare Market if you plan on trading you need to know what you're looking for on the weekly and on the monthly now if you're planning on like day trading or getting into the minutes it's very difficult to know what to do but the same principles apply and just on the macro these are stronger indicators for where we're going on a long-term time frame and so over the next few months from the bottom of August of 2022 you guys can see I have 1 2 3 4 5 6 78 points on the chart where we saw a bearish cross take place on above or close enough to 80 that it warranted a reversal in momentum on the weekly chart and so after the bare Market bottom was in the first one was right here rough on the 15th of August of 2022 you guys can see that the price dropped from like 40 cents all the way down to like 29 cents and so this would be scenario one for what's happening right now on the weekly CU as you can see the K Line's at 84 currently the dline is at 79 and so we saw a short-term temporary sell off for xrp but then it rallied from like 30 cents upwards of 57 cents to go into even more overbought conditions right here by the 26th of September then we really saw the price cool off on the weekly and we saw the stochastic RSI on the top of the screen come all the way down here then we saw a bullish cross take place below 20 by the 2nd of January and then it confirmed ultimately by the 16th of January after xrp's price fell over 40 plus per. so what that would look like on the price chart for scenario number one is xrp seen a rally up in the short term the stochastic RSI and the weekly turning up as well too going into even more overbought conditions somewhere even further above 80 and then eventually a shift in momentum to go from bullish momentum over to bearish momentum for the stochastic RSI to come back down just like what happened right here from the 26th of September of 2022 all the way down until roughly the 9th of January of 2023 until we saw a bullish cross take place below 20 on the stochastic RSI for a momentum shift scenario number two in yellow is the momentum is already shifting on the stochastic RSI and we saw the top come in with this bearish cross on the 29th of July and we're just seeing the price chop sideways for a little bit until ultimately we see the momentum shift to the downside for the stochastic RSI now when the momentum shifts to the downside it doesn't mean that the stochastic RSI is going to come all the way down here below 20 as you guys can see during this period right here from the 6th of February until like the 7th of August we stayed above 30 for the Kline and the dline we just chopped in the middle of the range well xrp was forming a series of higher lows higher highs then ultimately saw a Breakout when the lawsuit news came ried all the way up to 90 plus cents and then saw another selloff the momentum on the stochastic RSI finally come back down below 30 it was all the way down here at like 1 to2 for the Kline and the D line and you guys saw what happened with the price as well too we came all the way back down here to 43 cents xrp saw a sell off of about 55% so if we see that happen the stochastic RSI comes back down xrp would most likely see a sell off in the short term now I know that's not what you want to hear because most people just want price to go up to make money however if you don't hold that much xrp that is a blessing in disguise cuz that gives you more time to accumulate because if we look at the bottom of the screen if scenario 2 takes place and we see xrp start selling off more it's very similar to what happened back here from October 2016 until March of 2017 where the stochastic RSI topped out over 80 right here we saw momentum shift a bearish cross take place and we saw the stochastic rside come all the way back down below 20 giving you time to accumulate as much xrp as humanly possible at these levels between like 03 and 05 before the price absolutely EXP loaded to the upside so this is how you play the game in the macro this is how you become wealthy this is how you become the first millionaire in your family tree you pay attention to stuff like this you don't just fomo in when we're clearly in overbought conditions on the weekly stochastic RSI now that doesn't mean you shouldn't accumulate any because these indicators can be invalidated we could see a massive breakout we could see the price in overbought conditions for longer than expected and the stochastic RSI could stay above 80 for the Kline and the D line for weeks on end if we see tens or even hundreds of billions of dollars just start flowing into xrp and they really do flip the switch however I like to take a realistic approach I like to teach you guys the things that I look at on the charts just simply based on facts and one of the most important facts that we need to think about is how early we really are compared to the amount of people who have heard about crypto people who own crypto people who've heard of xrp people who own xrp and people who own over 25,000 xrp and so you can see this color code if you guys are color blind I'm sorry you won't be able to see this but the vast majority of all these dots on the right here are black because those of the people who have never even heard of crypto the amount of blue on the chart is so relatively small to the whole entire global population it's ridiculous those are just people who have heard of crypto and then the people who actually own crypto is even smaller the people who have heard of xrp is really small and then literally like one dot on the screen is the people who own over 25,000 xrp that's why 1% of the population less than 1% owns 99% of the wealth because they pay attention to where Trends are going they position themselves early they have patience long term they understand things like what I just shared with you in this video and what they also do is they go to Bull runners.com to discover how to earn more crypto in less than 10 minutes per day with the number one Play to earn xrp game you just click the button on the page guys put in your best email address you'll be instantly subscribe to our daily video newsletter to receive more videos like this where we provide value to help you break the chains of the financial curses that are bonded to your family so you could be the one in your family tree by becoming a millionaire completely changing everything for future Generations that way you can live a lifestyle of true freedom because together we're backing up our truck all the way to the bank grabbing the bags packing them and stacking them leaving no bags left behind because we believe the spending power of the dollar it's going down in value that's a fact based on inflation no matter what Jerome pal does it's still not going to change the fact that the spending power of the dollar is going down because all the goods out there are going up in price their goal has been permanent 2% inflation and they're not willing to admit defeat and changing that goal to permanent 3% or 4% inflation they would rather put you in jeopardy your finances in danger and your retirement at risk and so I encourage you to take control of your own finances subscribe to the channel like these videos I will see you on the next one I'll see you on bull runners.com as always you know what to do stay bullish