RSI and Stoch on 4h and 1h both showing higher highs on price and lower highs on indicators for a hidden bearish divergence. Looking for a breakout downwards before the apex of the triangle (13:00 EST Feb 28). Based on volume times historically for bitcoin, I expect breakout to actually be around 03:00 - 04:00 EST Feb 28.
We bounced off the long term down trend line at 12k (the head) showing that the bulls weren't quite ready yet
Copleting the head and shoulders by EOD Saturday could mean we continue the elliot wave down to 8k support
If we bounce there and then reach resistance at the shorter term trend line top (pink), we could re-test support as low as 6-6.5k again
