Quote from: windjc on March 23, 2014, 08:56:06 AM

Quote from: rpietila on March 23, 2014, 08:32:54 AM

Quote from: windjc on March 23, 2014, 08:28:25 AM

Quote from: rpietila on March 23, 2014, 08:16:34 AM

Quote from: TERA on March 22, 2014, 10:49:14 PM

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

He has stated that he believes 95% of the value of price is speculation. I don't think he believes fundamentals that you mention are currently important or related to large price increases.

Even if only 5% of the current price represents fundamentals. If the fundamentals grow exponentially that 5% will exceed the other 95% very quickly.