I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen.  I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is.  I worry someone will take cycles as literal then if they lose money come looking for someone to blame!



Short answer - I say yes, definitely feasible.

Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat.  He presents a well thought out case on repeating patterns, some of which I have found as well.  I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.