PhilHumphreys
Long

$1.3m Bitcoin by Nov 2020?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Let's see if John McAfee is right! Doing a weekly wave count on a log scale looks to me like our big push to $20,000 was a wave 1, and hopefully we've just finished wave 2. Both waves 1 and 2 are boxed in yellow from last year and way back in the early 2010's.

I've estimated the growth in percentage of waves using the past waves 2-3 (~1,800%), waves 3-4 (~-70%) and wave 4-5 (~1,500%). That would take BTC to ~$1,300,000 by about November 2020.

As our historic wave 1-2 is four times shorter than our last wave 1-2, I scaled our new potential waves 3, 4 and 5 by a factor of four to get a rough timeline. Is John McAfee's 'you know what' safe after all?

Good luck y'all!
Comment: Our wave two hasn't finished playing out yet, potential for some more downside before we see it fly.
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