-yellow lines represent the halvings. -Bitcoin begins to move up as the halving nears. It goes up for 700-1100 days. -BTC moves sideways for about a year at the top, while smart money distributes. (RED SELL area) -Then the bear market start, price moves down for roughly a year. Drops 80-60% -Roughly another year of sideways at the bottom, while smart money accumulates. -The cycle repeats