SC Daily - pinch on the Bollinger Bands

Aug 28, 2017

SCBTC looks bullish. Daily pinch on the bollinger bands, RSI shows some divergence with a well defined bottom and OBV is turning up.

Sep 1, 2017

Note

Ate into a sell wall here and added to my position. Bands pinched even tighter. RSI has plenty of up side and not much downside. OBV pointed up. And really, there is no room to the downside for the sort of violent move usually associated with the bollinger pinch, unless SC goes to 0. Good R/R trade.