That Crypto Guy Takes Profit From BTC Long

[bitwomble]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

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[Bossian]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

I agree about the 8k target, would even target a tough to reach 8.5k or 9k at the start of next year.

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

[maxreish]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

I agree about the 8k target, would even target a tough to reach 8.5k or 9k at the start of next year.

Of course, $8k is easily to reach since we are at $7k now. TCG did a great move for entering long trades at $6,600. He quickly exit his short entry and did enter a long position at $6,600. Nice guts he got there and he used his technical analysis wisely.

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

Opposite from my views. Since halving event will gonna affect the supply, bitcoin's price will be bullish. If the btc's price will hold at $6-7k until january, I am expecting $10-15k next yer.

[piebeyb]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

I only see it as easy as making lines on charts and speculation, but I appreciate this with any analysis about bitcoin, why do you mention the price of $ 6000 not at $ 6666.66 where they play and take it cheaply from the hands of men who don't have the guts as traders, the price of $ 8000 can be reached in a short time because yesterday the highest price of $ 7600, I still see it if they play above $ 7,000 until next week, all will look good until early next year

[buwaytress]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

I agree about the 8k target, would even target a tough to reach 8.5k or 9k at the start of next year.

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

When exactly did he take profit? Can't be bothered to watch videos, honestly, sorry. If from the time of the post, I'm thinking he's missing the opportunity for the 8k target. I'd have put a trailing stop on the way up to 8k, this kind of bounce, approaching the weekend and on the tail of thanksgiving? Isn't exactly something to be sniffed at.

$5k at some point? Def possible. Especially if the bulls simply won't give up with ridiculous predictions.

[ololajulo]

This profit taking idea looks funny when the accumulation is high. Why cant u buy more with the so called profit than taking? I dont think bitcoin maximalist are taking any profit like you put it, it is so meagre to ever be considered, it is more longterm. The profit taking in altcoin is a gradually move to accumulate bitcoin and it is not as big we expect.

[Hypnosis00]

This profit taking idea looks funny when the accumulation is high. Why cant u buy more with the so called profit than taking? I dont think bitcoin maximalist are taking any profit like you put it, it is so meagre to ever be considered, it is more longterm. The profit taking in altcoin is a gradually move to accumulate bitcoin and it is not as big we expect.

Accumulation and market correction still on the way making these huge price fluctuations often to happen all the time. If we are about to understand that situation and what that OP presented, he probably taking into account that bullish season will come and that is why he accumulates some of Bitcoin by now for the seek that he could generate profit in the coming days.

[Silberman]

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

Opposite from my views. Since halving event will gonna affect the supply, bitcoin's price will be bullish. If the btc's price will hold at $6-7k until january, I am expecting $10-15k next yer.

The bitcoin halving is going to affect the supply but the effects are not going to be felt immediately, besides each halving is getting smaller so the effect on the market may even need more time to be felt than what happened in 2016, if anything I agree with the prediction, many are expecting a bullish year of 2020 not realizing this was the bullish year and most likely the next year will be one where not much happens except a slight decrease in the price of bitcoin.

[barota]

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

Opposite from my views. Since halving event will gonna affect the supply, bitcoin's price will be bullish. If the btc's price will hold at $6-7k until january, I am expecting $10-15k next yer.

The bitcoin halving is going to affect the supply but the effects are not going to be felt immediately, besides each halving is getting smaller so the effect on the market may even need more time to be felt than what happened in 2016, if anything I agree with the prediction, many are expecting a bullish year of 2020 not realizing this was the bullish year and most likely the next year will be one where not much happens except a slight decrease in the price of bitcoin.

i think prices can rise to level 15000 usd by starting of halving this is before ;  and other effects after halving for sure prices to reach 100 k at latest after 1 year or more . prices now suffer from crash of past halving 2016 (after rise i mean 18000 usd per btc).

[dirgayeah]

The bitcoin halving is going to affect the supply but the effects are not going to be felt immediately, besides each halving is getting smaller so the effect on the market may even need more time to be felt than what happened in 2016, if anything I agree with the prediction, many are expecting a bullish year of 2020 not realizing this was the bullish year and most likely the next year will be one where not much happens except a slight decrease in the price of bitcoin.

Yeah, we can't predict how the market will go until entering the halving stage. so according to the schedule, it will start in May 2020. So bullish season we can see after that, until 2021. but for the price, everybody predicted, it will touch more than previous ATH.

[btc_angela]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

I agree about the 8k target, would even target a tough to reach 8.5k or 9k at the start of next year.

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

I didn't click on the link and that's for sharing his target at $8k.

I think he is very conservative with his $8k target, but since he is talking about long why not aim for a 5 digit price mark before taking a profit? Just wondering, and I thought he is going for long here, so it make sense to set the target at $10k. This price is definitely reachable, in my opinion.

[bassbity]

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

Opposite from my views. Since halving event will gonna affect the supply, bitcoin's price will be bullish. If the btc's price will hold at $6-7k until january, I am expecting $10-15k next yer.

The bitcoin halving is going to affect the supply but the effects are not going to be felt immediately, besides each halving is getting smaller so the effect on the market may even need more time to be felt than what happened in 2016, if anything I agree with the prediction, many are expecting a bullish year of 2020 not realizing this was the bullish year and most likely the next year will be one where not much happens except a slight decrease in the price of bitcoin.

i think prices can rise to level 15000 usd by starting of halving this is before ;  and other effects after halving for sure prices to reach 100 k at latest after 1 year or more . prices now suffer from crash of past halving 2016 (after rise i mean 18000 usd per btc).

We can see at the beginning of the year how the actual bitcoin movement if it is still like this and continues to be in the range of $7,000-7500 it is unlikely to rise to the level of $15,000 especially after haliving happens to reach $ 100k will not be as fast as that increase after halving I believe it but not significantly that we will see developments in the price of bitcoin in the range of $10000- $15000.

[Silberman]

The bitcoin halving is going to affect the supply but the effects are not going to be felt immediately, besides each halving is getting smaller so the effect on the market may even need more time to be felt than what happened in 2016, if anything I agree with the prediction, many are expecting a bullish year of 2020 not realizing this was the bullish year and most likely the next year will be one where not much happens except a slight decrease in the price of bitcoin.

Yeah, we can't predict how the market will go until entering the halving stage. so according to the schedule, it will start in May 2020. So bullish season we can see after that, until 2021. but for the price, everybody predicted, it will touch more than previous ATH.

That is what I am expecting as well, everyone wants to see a price increase that happens immediately after the halving and we need to be smarter than that, the market of cryptocurrencies has never been that predictable, what it will most likely happen is that there may be a moderate increase in the price and nothing more, then some people are going to be disappointed by the lack of growth and the price will decrease, and finally at some point during 2021 we'll see the growth we wanted.

[Altcoins enthusiast]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

The big investors know when the market is at the point of indecision and most time takes profits at those time but the amateur will always wait with the hope that he or she is going to sell at the best price. I told my friend last time to take profit whenever he is in profits and stop looking to double his account with little Upward movement.

[kapalmabur]

TCG has taken profit from his long at $6,600. In the latest update, he discusses his next price targets, and the performance of top altcoins against BTC during the recent crash.

https://www.youtube.com/watch?v=SbH6VVXcq8o

The big investors know when the market is at the point of indecision and most time takes profits at those time but the amateur will always wait with the hope that he or she is going to sell at the best price. I told my friend last time to take profit whenever he is in profits and stop looking to double his account with little Upward movement.

the current state of bitcoin prices is still experiencing a bearish if you see technical indicators in sell positions,
because bitcoin has not yet determined whether it will go up or down, and is still stuck at the support level

[el kaka22]

8k target doesn't seem fully that impossible considering when bitcoin moves it moves a lot more than that. If it goes down it could go down but if he is right and the price goes up I feel like 8k won't be the end of it, I think we could move above 9k once again (nothing huge tho, like just 9.2k or whatever, so basically 9k) which is why I think if I was doing a long I would probably make the margins thinner and create a lower leverage and would aim for something like 9k in the next few months, probably in the next month itself because January usually is a very moving market.

I don't know if it is because all the holidays are over or if it is a new year and people get bonus payments but in the end there is a big movement in January up or down every single year.

[Silberman]

Interested to hear your thoughts for second half of 2020 as I clearly see a bearish market for the whole year (ABC correction, halving effect won't happen). Price below 5k at some point.
Just my opinion.

Opposite from my views. Since halving event will gonna affect the supply, bitcoin's price will be bullish. If the btc's price will hold at $6-7k until january, I am expecting $10-15k next yer.

The bitcoin halving is going to affect the supply but the effects are not going to be felt immediately, besides each halving is getting smaller so the effect on the market may even need more time to be felt than what happened in 2016, if anything I agree with the prediction, many are expecting a bullish year of 2020 not realizing this was the bullish year and most likely the next year will be one where not much happens except a slight decrease in the price of bitcoin.

i think prices can rise to level 15000 usd by starting of halving this is before ;  and other effects after halving for sure prices to reach 100 k at latest after 1 year or more . prices now suffer from crash of past halving 2016 (after rise i mean 18000 usd per btc).

I understand that anything can happen but I still think those kind of prices are incredibly bullish especially if I consider the time frame in which you think that could happen, obviously that is not going to bother me and I will be incredibly happy if that happened but I am convinced that we are not going to see such prices and I do not want to be disappointed when that doesn't happens, but if they do I'm going to take advantage of them like everyone else in this forum.