Crypto Market Bottom 'Almost Hit' - Market Talks Chats with Korean Trader Jew Crypto
Market Talks discussed Bitcoin's bottom, DOGE's price action, and signs to watch so you know when it's time to get into crypto.
Cointelegraph YouTube SubscribeIn this week's episode of Market Talks, Cointelegraph welcomed Jake, or "KJ" - also known as "Korean Jew Crypto" on Twitter - the founder of The Trading Dojo, a platform that offers coaching and education to help traders identify profitable companies. trades on their own.
The wide-ranging interview covered KJ's perspective on how to trade the events of the Federal Open Markets Committee and the Consumer Price Index, as well as his views on the impact Federal Reserve policy on crypto prices.
According to KJ:
"As far as what Powell said and how the news cycle has been, a few weeks ago I was adamant that something had changed. I was pretty bearish and I was expecting a break in support for BTC, ETH and everything else. We had the drop on Friday that swept everyone out of the narrow range, but it was immediately bought back. […] Bullard from the Fed had some bullish things to say, and we reclaimed support and held with good volume, as well as stocks. I told my friends and the Dojo, “Something is different. It was supposed to fall in outage, but there were buyers there. The market is just very different."
When asked if the recent over 100% pump in Dogecoin (DOGE) was a one-time event or a sign of a larger trend change, KJ replied:
"I feel like there's something bigger behind it, personally. When you compare the structure, even the deep price rejected at some level, it's actually starting to look pretty bullish to me. I wouldn't be not surprised to see a stimulus trade where the price goes up to around $0.55, goes down, then goes up again."
Regarding Tesla CEO Elon Musk's new ownership of Twitter, "people are speculating that there will be some sort of DOGE integration involved. I think that's reasonable speculation. , actually,” KJ said.
In terms of a broader shift in sentiment, investors' appetite for risk, and the crypto market bottoming out, KJ explained that DOGE's recent bullish price action is:< /p>
“To show that there is an element of greed that is there again. 20% which was sold at the end of the day. Litecoin, too, also shows greed in the market and risky behavior, and this risk, in my opinion, is not yet taken by the "standards ". It's more powerful players who are ready to do it."
For more from KJ's alpha, tune in to Market Talks on YouTube and return every Thursday at 12:00 p.m. ET to hear interviews with some of the industry's most influential and inspiring people. crypto and blockchain.< /p>
Head over to the Cointelegraph YouTube page and smash the like buttons and subscribe for all our future videos and updates.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research before making a decision.
Market Talks discussed Bitcoin's bottom, DOGE's price action, and signs to watch so you know when it's time to get into crypto.
Cointelegraph YouTube SubscribeIn this week's episode of Market Talks, Cointelegraph welcomed Jake, or "KJ" - also known as "Korean Jew Crypto" on Twitter - the founder of The Trading Dojo, a platform that offers coaching and education to help traders identify profitable companies. trades on their own.
The wide-ranging interview covered KJ's perspective on how to trade the events of the Federal Open Markets Committee and the Consumer Price Index, as well as his views on the impact Federal Reserve policy on crypto prices.
According to KJ:
"As far as what Powell said and how the news cycle has been, a few weeks ago I was adamant that something had changed. I was pretty bearish and I was expecting a break in support for BTC, ETH and everything else. We had the drop on Friday that swept everyone out of the narrow range, but it was immediately bought back. […] Bullard from the Fed had some bullish things to say, and we reclaimed support and held with good volume, as well as stocks. I told my friends and the Dojo, “Something is different. It was supposed to fall in outage, but there were buyers there. The market is just very different."
When asked if the recent over 100% pump in Dogecoin (DOGE) was a one-time event or a sign of a larger trend change, KJ replied:
"I feel like there's something bigger behind it, personally. When you compare the structure, even the deep price rejected at some level, it's actually starting to look pretty bullish to me. I wouldn't be not surprised to see a stimulus trade where the price goes up to around $0.55, goes down, then goes up again."
Regarding Tesla CEO Elon Musk's new ownership of Twitter, "people are speculating that there will be some sort of DOGE integration involved. I think that's reasonable speculation. , actually,” KJ said.
In terms of a broader shift in sentiment, investors' appetite for risk, and the crypto market bottoming out, KJ explained that DOGE's recent bullish price action is:< /p>
“To show that there is an element of greed that is there again. 20% which was sold at the end of the day. Litecoin, too, also shows greed in the market and risky behavior, and this risk, in my opinion, is not yet taken by the "standards ". It's more powerful players who are ready to do it."
For more from KJ's alpha, tune in to Market Talks on YouTube and return every Thursday at 12:00 p.m. ET to hear interviews with some of the industry's most influential and inspiring people. crypto and blockchain.< /p>
Head over to the Cointelegraph YouTube page and smash the like buttons and subscribe for all our future videos and updates.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research before making a decision.
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