BTC Grand Cycle Wave 1 and Wave 2,long term prediction 2019-2029

2009-2021/2022 should be Bitcoin's Wave 1 in the Grand Cycle, and we're currently going through Wave V of this Wave 1, the 2018 bearish market serves as Wave IV of Wave 1.

Looking at the Wave 1 fibonacci ascending channel, our Wave V should go to at least 200 000 USD, if it does approach the top line of channel, then 600 000 USD in 2021 or 2022 is quite possible. If btc behaves as crazily as American share market did in 1929 and 1999, then in a seemingly unlikely scenario btc could go all the way up to 4 million USD between 2021 and 2022. I suppose something as crazy as large scale American civil unrest or borderline civil war, or extreme military tension between USA and China, Russia could be the fuel of the huge bitcoin advance to 4 million USD, breaking above the fibonacci channel and going to the 1.618 extension channel line.

So, my long term target for BTC is as below:

Target 1: 200 000
Target 2: 600 000
Target 3: 4 000 000

My gut feeling is BTC will stop at some price level between Target 2 and Target 3, or between Target 1 and Target 2, in 2021 or 2022.

After the end of this grandiose Wave 1, the time length of Wave 2 could be between half and 0.618 of the time length of Wave 1. If Wave 1 finishes at the end of 2021, this means Wave 2 shall finish at 2029. Wave 2 could be either zigzag ABCDE correction, or WXY informal correction. Either way, this 7-8 year long bearish market will sure make many people lose hope and trust in bitcoin and cryptocurrency, in a similar fashion to the 2016 and 2018 bearish market, but possibly on a much larger scale. This means price could plummet from the high hundreds of thousands to the low thousands, something like 6000 or 5000 in the late 2020s.