OPEN-SOURCE SCRIPT

BTC Bollinger Band Reversion Bot

### **BTC Bollinger Band Reversion Strategy** 📊

This strategy is designed to **identify potential reversals** in Bitcoin’s price by leveraging **Bollinger Bands, RSI confirmation, and volume filtering**. It helps traders spot **overbought and oversold conditions**, allowing them to enter high-probability trades.

---

### **🔹 Strategy Logic:**
1️⃣ **BUY Signal (Long Entry) 🚀**
- Price **touches or drops below the lower Bollinger Band** (indicating oversold conditions).
- RSI (14) **falls below 30** (confirming oversold momentum).
- Volume **is above the 20-period average** (to avoid false signals).

2️⃣ **SELL Signal (Short Entry) 🔻**
- Price **touches or moves above the upper Bollinger Band** (indicating overbought conditions).
- RSI (14) **rises above 70** (confirming overbought momentum).
- Volume **is above the 20-period average** (to confirm strength).

---

### **🔹 Why This Works?**
✅ **Mean Reversion Concept:** Assets tend to revert to their average price after extreme movements.
✅ **RSI Confirmation:** Ensures signals are backed by actual momentum shifts.
✅ **Volume Filter:** Reduces false signals caused by low liquidity.
✅ **Color-Coded Alerts:** Enhances readability for quick decision-making.

This strategy is ideal for **scalping or swing trading**, depending on the timeframe used. 📈

Would you like me to tweak it further or add stop-loss/take-profit levels? 🚀

Disclaimer