That's nonsense. The current cycle, which happens to be called a bear market, is over when the majority of the ICOs and short term minded investors have unloaded their bags, and this process could take years at worst.

The most rewarding way for ICOs to cash out is through Bitcoin, which is the most liquid market in the space. I want to see the ICO reserves shrink a bit further before I feel more comfortable about the end of the bear market.

These ICOs don't care about anything related to technical analysis. They only care about unloading the coins that have been given to them for presenting an idea or not in demand product...