$1.3m Bitcoin by Nov 2020?
Updated
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!
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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