In this discussions about the capitulation cycles, you have to realize that we are no longer talking about the typical 9 month subcycle - this cycle is breaking, which became apparent last week. We are now talking about the 2-3 year supercycle.
Anything else but your word to support this theory?
He posted about it in another thread a day or so ago. Basically he was using a combination of RSI and other indicators to suggest that this "capitulation" cycle was much different than ones before and was leading into a long term bearish cycle.
Then it conflicts with the fundamentals. Bitcoin usage is growing exponentially and the new users/investors need bitcoins. When they buy them, the price rises. Any TA that does not take this into account is harmful for the financial well-being of its user
