The crypto market bottom is almost in Market Talks chats with trader Korean Jew Crypto

in this week’s episode market talkCointelegraph is the founder of The Trading Dojo, a platform that provides coaching and education to help traders identify profitable trades on their own. (also known as “human ciphers”) welcomed.

The wide-ranging interview covered KJs views on how the Federal Open Market Committee and Consumer Price Index events trade, as well as his views on how Federal Reserve policy is affecting crypto prices.

According to KJ:

A few weeks ago I declared that something had changed regarding Chairman Powell’s remarks and how the news cycle should be. A sharp drop on Friday took everyone out of a tight range, but they were quickly bought back. [] Bullard of the Federal Reserve has been bullish and we have regained support and held up with excellent volume as did equities. I told my friends and the dojo, “Something is wrong.” It should have collapsed, but there was a buyer. I feel like the market is very different.

Dogecoin’s (Doge) The recent rise of over 100% is either temporary or a sign of a broader trend change, says KJ.

Personally, I feel there is something much bigger behind it. I wouldn’t be surprised to see a reflation trade where the price goes up to around $0.55, then falls and then rises again.”

Of Tesla CEO Elon Musk’s new ownership of Twitter, KJ said, “People speculate that some sort of DOGE integration is involved. Actually, I think it’s a reasonable guess.” rice field.

Has the market bottomed out?

Regarding the broader shift in sentiment, investor appetite for risk, and the bottoming out crypto market, KJ explained that DOGE’s recent bullish price action was:

It shows that the greedy element is present again. There may have been a move.Litecoin has similarly shown greed and risk-taking behavior in the market and in my opinion this risk has not yet been taken by the ‘norms’. A stronger player willing to play.

To hear more Alpha from KJ, Watch Market Talks on YouTubeand come back every Thursday at 12:00 PM ET to hear interviews with some of the most influential and inspiring people in the crypto and blockchain industry.

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