Georeferencing image to image in QGIS 2.16

How to georeference an image in QGIS 2.16 using sentinel/OSM as basemap and a scanned soviet military map from 1957.

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[@curtisrobert2519]

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[@MrMAYrichard]

Richard I managed to load the CGs points of a map extract and the points showed up on both the scanned map and the Base map. However when I georeferenced the map (producing aTiF file only the 4 points appeared in Qgis.... (i'm using2.18 ) None of the picture was produced. The tiff file when opened in a photoshop showed the picture ok Can you suggest where I am going wrong?