At first I thought he was crazy assuming BTC could hit $500K by 2020, let alone stake his member on it. Then he doubled down and called for a MILLION by 2020.
Recent movement of 50% gains in a week from $10K to over $15K seems like a curve of unsustainability. BUT if you look at the logarithmic scale chart and go back to 2012 you see a trend line formed way...
At first I thought he was crazy assuming BTC could hit $500K by 2020, let alone stake his member on it. Then he doubled down and called for a MILLION by 2020.
Recent movement of 50% gains in a week from $10K to over $15K seems like a curve of unsustainability. BUT if you look at the logarithmic scale chart and go back to 2012 you see a trend line formed way...
To answer the question as to how people are coming up with $6200 BTC. If we just finished the second wave(leg 3 and 4) and heading up on third wave(leg 5) going to the Fibonacci 2.618 Level
Cloak looks ready to break out in a big way. The 7, 21, and 77 MA's just coalesced on Sept 6th, the 7 just broke above the 231 MA and it just broke a level that acted as a ceiling 3 times on the first wave and a floor of support 4 times on the breakdown.
