A well-regarded trader adjusts his investment strategy as macro factors affect traditional market forecasts.

Analyst Pentoshi is currently buying Bitcoin but is more hesitant about ETH and altcoins in general.

“What made me hesitant about ETH and why I focused on BTC for months:

300-day consolidation within the triangle. Have the same chart for 2 years now. BTC can rise on its own while altcoins are slower. Happens.

Sad memories of 2017-2018 still linger.”

Source: pentoshi

Pentoshi continued called He is waiting for Bitcoin to regain its Jan. 1 price of $47,292 before re-evaluating his position.

“I want to clarify that March is a month of great volatility. So I think the daily approach is the best.

There’s a lot going on in the world right now. I’m still aiming for the annual Open, but after that we’ll see.”

Next the analyst shown The new “chaotic war” scenario traders now face as macroeconomic and geopolitical events further complicate the investment landscape.

“Now we are entering March. For the future we have:

FOMC (rate hike). War tensions are likely to escalate. Volcano Bonds (Volcano Bonds) in El Salvador.

My expectations for this month? I have no idea.”

end of pentoshi tweet saying that while he prefers Bitcoin to ETH at the moment, he will likely consider buying ETH soon.

“I bought BTC instead of ETH.

In my opinion, focusing on bitcoin over altcoins was the right decision. But I think it might be time to look at ETH in the short term.”

At the time of writing, Bitcoin is flat, trading at $43,940. BTC traded around $38,000 on Feb. 28 before skyrocketing.

BTC/USDT. Source: TradingView

Leading smart contract platform Ethereum also recently surged from $2,650 to as high as $3,020 over a 24-hour period. ETH is currently priced at $2,957.

ETH/USDT. Source: TradingView

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