【Crypto World】BTC market has been quite turbulent recently. The price once dropped to $86,673 and is now hovering around $87,208.
Trading analyst Josh Olszewicz issued a warning — the risk of a pullback is accumulating. He pointed out that there are signs of a bear flag pattern in the trend, which typically indicates downward potential. More notably, on the weekly Ichimoku cloud chart, the current position also reveals some signals.
There is also a timing factor to watch out for: at the end of December each year, many investors engage in tax-loss harvesting to optimize their tax situation. This creates a wave of artificial selling pressure in December. So, in the near term, it’s important to consider not only technical analysis but also seasonal factors that may increase selling pressure.
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HashRateHermit
· 12-26 21:58
Is the bear flag back? This time last year, they also mentioned a bear flag, and look what happened...
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I believe in tax-loss harvesting, but they come up with this story every year, it's exhausting.
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They call for a drop at 86k, but when it hits 89k, no one says a word.
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Things like Ichimoku Cloud charts are just armchair analysis after the fact; they’re useless in a real emergency.
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End of the year again, time to harvest profits. Should I add to my position or reduce it, everyone?
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Josh keeps warning every day. Has he been right a few times? No.
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Is 87k not enough for a bottom? Just wait to be treated as a chives bag holder.
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Seasonal selling pressure? Instead of studying that, it’s better to watch the movements of big funds.
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Bear flag, bear flag. This term has appeared 500 times this month.
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No one mentioned risks during the pump, but now that it’s falling, they start talking about technical analysis. Truly interesting.
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MidsommarWallet
· 12-26 19:08
Here comes the bear flag pattern again, saying the same thing every year. When will it really drop?
Selling pressure is heavy, who to blame? It's the tax season's fault.
Can the 87K fortress hold? It feels quite uncertain.
Josh is starting to turn bearish again. Has this guy's prediction ever been accurate?
December bloodbath, why hasn't it arrived yet?
Don't just look at the cloud chart, please look at the trading volume first.
I'm just asking, is 86K the bottom? Does it still need to fall further?
You can tell if the bear flag is real as soon as it appears. Just wait and watch the show.
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fren_with_benefits
· 12-26 19:06
The bear flag is back again, is this time really going to break? This time last year, it was the same story...
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Tax loss harvesting is indeed a thing, but do we really fall every December? I remember last year’s end actually saw a rally.
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86k is not a big support level, the key is whether we can hold 85.
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Josh is out again bearish? How successful is this guy anyway? Has anyone tracked it?
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The Ichimoku cloud looks a bit fierce, but the weekly chart hasn't completely broken down yet.
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Instead of studying patterns, why not ask yourself how much you can lose? I’m just going to buy the dip anyway.
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The selling pressure in December definitely exists, but this reason is given every year, it feels like it’s already been priced in.
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The 87k level seems to have become a new battleground. If it can’t break through, I’ll just keep watching the show.
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The bear flag pattern... sometimes it’s just a self-fulfilling prophecy.
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Don’t ask me about technical analysis, I just want to know when we’ll hit 90,000.
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PumpBeforeRug
· 12-26 19:06
Here comes the same old bear flag pattern again, always talking about this, and what’s the result?
86K started calling for a crash, why not just say it’s going to zero?
Tax loss harvesting happens every year, so why is it especially smashing the market this year? So only December can see a drop, right?
Just wait and see, it’ll probably be another false alarm.
Josh always loves to alarmist, those who believe him are already bottom-fishing.
Getting really anxious, just leverage up and go short, anyway it’s going to fall.
Stop talking about cloud charts, just look at market sentiment. As long as the sentiment isn’t dead, there’s nothing to fear.
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MEVSupportGroup
· 12-26 19:04
The bear flag is back, but is this really the end or just a false alarm?
It's that time of year again to cut the leeks, everyone wants to dump under the guise of tax optimization.
Breaking 86k feels like there's no suspense, but the question is whether it can hold.
What exactly does Josh mean by the cloud chart signal... it's always so vague.
I'm really afraid of this December's sell-off; I already took a hit last year.
I really want to know how low it can go; has anyone started to bottom fish?
Honestly, I don't quite understand Ichimoku, but it sounds like bad news.
Wait, does the bear flag mean next month will be even worse?
View OriginalReply0
TeaTimeTrader
· 12-26 18:47
Is the Bear Flag back? Every year around this time, it's just tax harvesting—nothing more than an excuse to buy the dip.
It's the same old story with Josh Olszewicz; I've watched the cloud chart signals multiple times but still can't figure them out.
The selling pressure in December is indeed tough to handle, but I think 86K might be the bottom, and then it will push higher.
Wait, is this time really going to break 86K or is it just another false alarm?
It feels like seasonal factors have been overhyped, making reverse operations more likely.
By the way, I missed the chance to buy at 86K, and now it really hurts to watch.
Bitcoin drops to $86K, beware of bear flag pattern and year-end selling pressure
【Crypto World】BTC market has been quite turbulent recently. The price once dropped to $86,673 and is now hovering around $87,208.
Trading analyst Josh Olszewicz issued a warning — the risk of a pullback is accumulating. He pointed out that there are signs of a bear flag pattern in the trend, which typically indicates downward potential. More notably, on the weekly Ichimoku cloud chart, the current position also reveals some signals.
There is also a timing factor to watch out for: at the end of December each year, many investors engage in tax-loss harvesting to optimize their tax situation. This creates a wave of artificial selling pressure in December. So, in the near term, it’s important to consider not only technical analysis but also seasonal factors that may increase selling pressure.