Pepe Weekly Timeframe Reveals What's Coming

一昨日

A bullish cycle develops out of a consolidation phase.
A bullish cycle comes out of a major low, out of support, out of an accumulation zone.
A bullish cycle never develops out of a bullish cycle.

Out of a bullish cycle develops a bearish cycle.
The bearish cycle leads to a consolidation phase.
Out of the consolidation phase starts a new bullish cycle.

Here the weekly chart reveals what is coming for PEPEUSDT.

Notice the size of the candles.
On the left side, before the bullish cycle, the candles are small.
When the bullish wave fully develops, the candle size become really big. Out of this phase cannot develop another long-term growth phase.
Out of this big candles, we tend to get a correction that leads to a new consolidation phase.

Out of the consolidation phase comes a new bullish wave/cycle.

The weekly timeframe reveals what is coming for PEPEUSDT.
It reveals the bearish bias easily, because we can see prices going down since May 2024.

It reveals a sequence of lower highs...

Think of this: A strong bullish wave tends to last 1 or 2 months, sometimes three months if you count the retraces in-between.

If the market were set to go bullish now, then we would have 1-2 months of bullish action, October and November, and then what happens in December 2024 and 2025? Full bear market? Or straight up forever?

Since Bitcoin and many of the Altcoins already grew for 16 months straight, it is normal to see a correction. The correction leading to consolidation before a new and major bullish wave.

The rest period (consolidation) is needed because that is the only way the market will develop enough strength to support 8-12 months of continued growth. And even with consolidation, the final price jump tends to last only 1-2 months.

Thank you for reading.

Namaste.