closely followed pentoshi The pseudonymous analyst noted that he developed a different investment strategy as macro factors influence traditional market forecasters.
Sharing his analyzes and opinions on Twitter, Pentoshi is currently Bitcoin (BTC) He stated that he bought it but was hesitant about altcoins in general, especially Ethereum (ETH).
“This is what makes me hesitant about ETH, and that’s why I’ve been focusing on BTC for months. Inside this triangle, the 300-day consolidation continues to use the same chart for two years, regardless of value. BTC, on the other hand, can recover on its own where altcoin values remain bad. The only thing left from 2017-2018 is a painful memory…”
Pentoshi also stated that he wants Bitcoin to reclaim its January 1 price of $47,292 before re-evaluating its position.
“I would like to point out that March is a month of great changes. So I think the daily approach is the best type of approach.”
The analyst then considers the new “fog of war” scenario traders face as macroeconomic and geopolitical events complicate the investment climate.
“We are now entering the month of March. Looking ahead:
FOMC (rate increments). Combat potential for increase. Volcano Bonds in El Salvador.
If you’re wondering about my prospects this month, I can honestly say I have no idea.”
Pentoshi is currently Ethereum (ETH) He ended his tweet by saying that he would reconsider the possibility of buying an ETH soon, while opting for Bitcoin instead.
“I chose to buy BTC instead of ETH. I think it was a better decision to focus on BTC instead of focusing on altcoins. But in the short term, the time will probably come when I will look at ETH again.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.