Takeaway: It takes a year for the
BTC
halving to take effect in the form of a massive spike, shown by the horizontal year long bars on the chart. Then, the next 3 years until the following halving, there is a drop and gradual start to the next rally triggered by the upcoming halving. We are at the peak after the 2016 halving, there will be a big drop to 2020's halving.
Detail: The reason why I made the chart was to see the effect of the halvings. I did a comprehensive chart of BTC on Trading View using BK's latest video (www.youtube.com/watch?v=3Kc6zvOQ...) as instructions. I have put 4 vertical lines in, one for each halving (2012-11-28, 2016-07-09 and 2020) and one for the upcoming soft fork on 2017-08-01. I have also put a number of trendlines on, intersecting every time the 7 and 21 day trend lines cross the 77 day trend line . The two purple ones predict exactly the value of the 7 and 21 day trend lines on 2017-06-26. They are from 77 day trendline crosses on 2014-11-30 and 2014-12-12. Then there are the red trend lines based on the bottom of the troughs from the first four years and the first halving. We don't have the bottom for the second halving yet, but I've made a prediction based on the bottom red line. The red lines above the bottom link peaks. Note there is prominent symmetry at 5 pairs of peaks in the second halving! I used that also for my prediction in the second halving.
BTC
halving to take effect in the form of a massive spike, shown by the horizontal year long bars on the chart. Then, the next 3 years until the following halving, there is a drop and gradual start to the next rally triggered by the upcoming halving. We are at the peak after the 2016 halving, there will be a big drop to 2020's halving. Detail: The reason why I made the chart was to see the effect of the halvings. I did a comprehensive chart of BTC on Trading View using BK's latest video (www.youtube.com/watch?v=3Kc6zvOQ...) as instructions. I have put 4 vertical lines in, one for each halving (2012-11-28, 2016-07-09 and 2020) and one for the upcoming soft fork on 2017-08-01. I have also put a number of trendlines on, intersecting every time the 7 and 21 day trend lines cross the 77 day trend line . The two purple ones predict exactly the value of the 7 and 21 day trend lines on 2017-06-26. They are from 77 day trendline crosses on 2014-11-30 and 2014-12-12. Then there are the red trend lines based on the bottom of the troughs from the first four years and the first halving. We don't have the bottom for the second halving yet, but I've made a prediction based on the bottom red line. The red lines above the bottom link peaks. Note there is prominent symmetry at 5 pairs of peaks in the second halving! I used that also for my prediction in the second halving.