đ Highest Monthly Close Ever â
This is a big deal. It means that the last monthly candle (e.g., for June 2025) closed at a price higher than any other monthly close in history, even if the wick wasnât the absolute highest.
Why it matters:
âą Confirms long-term strength.
âą Institutional money often enters on monthly breakouts â they care about sustained moves, not intraday noise.
âą Signals a potential shift in macro trend (or continuation of an existing bull cycle).
âą Long-term investors often use this to add to winning positions or rotate in.
đ Highest Weekly Close Ever â
This shows that the previous weekâs closing price was the highest ever recorded for a weekly candle.
Why it matters:
âą Confirms medium-term bullish momentum.
âą Indicates that dips are getting bought quickly â strong support under price.
âą Often precedes volatility expansions â i.e., big moves can follow.
âą Gives swing traders confidence to hold positions over the weekend.
đ Bulls Are in Control đȘ
This is not just hype â here are the signs:
â Price Action:
âą Higher highs and higher lows on all timeframes.
âą No significant rejection at previous resistance levels.
â Volume:
âą Increasing volume on green candles â confirms real buying interest.
âą Healthy pullbacks with low volume â suggests no panic selling.
â Market Structure:
âą Breakout above key resistances (e.g., previous ATHs).
âą Support and resistance flipping â past resistance is now acting as support.
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