Pentoshi is a pseudonymous crypto market analyst known for his predictions and economic insights, which he shares on Twitter. His analyses cover major market trends and industry developments, often drawing attention for their accuracy and timeliness. He is also an advisor for the Merit Circle DAO. ^[1][4]

Career

Pentoshi primarily shares predictions and insights about cryptocurrency trends on Twitter. He has amassed many followers due to his economic insights and accurate forecasts, including the 2021 market downturn. While self-described as a crypto enthusiast, not a certified financial advisor, he gained recognition for accurately predicting the end of the 2021 bullish season. ^[1]

In early 2022, Pentoshi initially adopted a bearish outlook but switched to a more optimistic stance in March, anticipating a Bitcoin rally driven by Terra’s plan to purchase approximately $1 billion in Bitcoin and El Salvador's $500 million bond investment. However, this forecast faltered when TerraUSD lost its dollar peg, leading Terraform Labs to sell roughly $2.4 billion in Bitcoin, negatively impacting the market. On March 3, Pentoshi warned of a market decline due to economic weaknesses in global markets. By late March, his prediction proved accurate as the cryptocurrency market dropped sharply, wiping out close to $1 trillion over the following months. Toward late 2022, Pentoshi predicted that the Bitcoin market bottom was near but cautioned against expecting an immediate recovery. He anticipated a bottom price of around $16,900 by early 2023, but without factors that drove previous bull markets, he suggested significant growth was unlikely. ^[1]

In 2023, Pentoshi is expected to continue sharing market predictions and risk management advice. In January, he advised traders to remain cautious amid volatility. He also highlighted unusual developments in the crypto sector, including forming a new crypto exchange, GTX, backed by Three Arrows Capital founders Kyle Davies and Su Zhu. Davies and Zhu, who managed over $10 billion in assets before filing for bankruptcy in mid-2022, have since faced allegations of financial misconduct and lack of cooperation in liquidation efforts, with their whereabouts currently unknown. Pentoshi will likely maintain his commentary on notable industry events throughout the year. ^[1]

On October 23, 2024, Pentoshi highlighted the growing potential in the altcoin market, telling his followers on X that altcoins could soon enter a critical phase. Pentoshi pointed out that the current market structure looked constructive for altcoins and suggested that shifting from resistance to support could lead to significant gains. He noted that while Bitcoin’s dominance might pressure altcoins, some could still show resilience. He advised focusing on altcoins with strong upward trends despite the risk of many losing value against Bitcoin. He also described Bitcoin’s current price as a “waiting room” near its peak, advising patience among investors. ^[3]

Interviews

In a 2022 interview with William Clemente, Pentoshi discussed his sales background and crypto trading. The interview opened with him sharing what he did before crypto:

“Prior to this I was a door-to-door knocker and I absolutely loved it. Just like trading, I would make it into a game where I had to get 3 sales a day or as I would call them touchdowns to win the game. Then mark up my win and loss total each week. It helped me achieve becoming the #2 salesman in the country out of 600 reps and getting my own franchise. I started a business that ultimately failed following that.”

When asked about trading and believing in crypto, he responded:

“I love the challenges of it, it’s one of the most difficult games in the world to get good at. You are competing against yourself and others. You have to have discipline, be able to control your emotions, and constantly get knocked down just to get back up again. I wouldn’t say I believe in most of crypto. I believe in the hope it offers, and I believe that every centralized currency on a large enough timescale will fail as has been proven time and time again. Crypto in it’s own way is the most free market in the world and I love that.”

He later shared his initial trading experiences in 2017-2018 and how he built out his system:

“I was a terrible trader. I think my first 6 months despite everything mooning I had only doubled my money while most coins had done multiples. Eventually I got into XVG and TRX which I found on a russian exchange called liquid.io if I remember correctly and it was around 17 sats. I got lucky and the following month my portfolio would almost 25x. Then in 2018 I lost 90% and wasn’t as smart as I thought I was…I focus mostly on building around HTF supports and resistances, then add in trend based system of market structure and momentum. I do look at other things, like volume profiles and even the flow of people itself.”

“That was a really tough year for me, not just because of crypto but family reasons. By the end of it I had had some pretty terrible thoughts and almost made the worst decision one can make. I wish that on nobody. I’m not really sure where the turning point was that year but as long as you have a little hope you have a chance. People are resilient by nature.”

When asked if traders need to get “rekt” to develop better risk management skills, Pentoshi responded:

“I think you absolutely have to get rekt. People come to markets in bull runs. They hear about the opportunities in crypto and want to take part. You don’t hear about a bear market and think: god, everyone is losing money, how can I be a part of that? So when you first enter everyone makes a little money, and then the market humbles you repeatedly. You have to make money and lose it a few times to learn how to keep it. That can only come through experience.”