BTC daily update

The heavy sell off on 7 September has continued to bleed price down to a key support zone. Price has been hovering around this zone for the past week or so, and while it gets bought up when it dips into the area we are failing to see any kind of really strong response.

At the moment, we are seeing a number of bearish signs:
-EMAs have crossed down and price is rejecting off them
-RSI is decreasing and has established a downtrend
-OBV has broken support, is decreasing, and has established a downtrend.

Bullish signs to watch out for
-Break of trendline to the upside for RSI and/or OBV
-high volume bounce/bullish engulfing candle

Until then, leaning bearish. Will flip into full bear mode if support zone is broken as we will likely visit the 30k region.