I'm leery of long term forecasts based just on TA.
Perhaps he used TA, as well as trader/investor experience, as well as his "gut" or "intuition" to sense not only when it was oversold, but that the market would be terrible for BTC about 3 years.
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Intuition pays sometimes. Usually I dont trade above 15 min timeframe.
For long term investment I read too much about ICO and the team working behind ...