On a year on Year basis Bitcoin is where it was in early 2017

I have been talking about Bitcoin following the 2013 - 2017 Fractal and this chart shows us, in a different way, how this is still Valid.

The vertical lines on this chart are January of each year.
You can see from the Arrow on the left and right, where we are in relation to 2017.
Things to note
When we first touched the dotted line on both occasions, it led to a GREEN RED GREEN candle, however, in 2024, we got there earlier than we should have maybe and so we have had to "Wait" to fall back into date sequence.
Why ?
If we look back at 2017, we remained below that dotted line till end of April - Statistically MAY is a great month for Big moves
In my monthly candle analysis, I have also mentioned that using monthly candle close patterns, May is likely to be the better month for PA to rise higher
We seem to be playing this out BUT we need to notice how PA is Below that Dotted line.
PA is under pressure and yet in a great position though the trading volume is Low and consequentially, the candle sizes are not that impressive.
We are half way through April . Things will change and Fast......
Hang on

Orriginal

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Orriginal

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