Bitcoin just tagged the upper Bollinger Band on the 1H chart while Stoch RSI maxed out and crossed down — a classic signal of volatility exhaustion combined with a momentum slowdown.
Technical Breakdown:
Bollinger Band Top: Price tapped the upper band, often a sign of near-term overextension
Overbought Stoch RSI (July 9th): RSI hit 97+ and flipped — momentum may be shifting
Cooling Phase? Price is stalling inside a tight range with low follow-through
arget Zone: $109K or BB midline as a possible mean reversion area
This is a high-probability zone for a pullback setup or a more attractive long opportunity if momentum resets.
Technical Breakdown:
Bollinger Band Top: Price tapped the upper band, often a sign of near-term overextension
Overbought Stoch RSI (July 9th): RSI hit 97+ and flipped — momentum may be shifting
Cooling Phase? Price is stalling inside a tight range with low follow-through
arget Zone: $109K or BB midline as a possible mean reversion area
This is a high-probability zone for a pullback setup or a more attractive long opportunity if momentum resets.
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Disclaimer
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.