Thank you ever so kindly for the shout-out @ew-and-friends. I hear ya on the unconventional H&S pattern or (SHS) as you're calling it.
Over the years I've learned (the hard way) not to ignore them - let's just leave it at that. However, in re-assessing my chart more closely this morning - that bearish neckline trajectory, which the market is currently trading beneath, defends a downside price target of $800, which is quite suitable for a Primary wave C of Cycle Degree - 2 down. You're right though - before such a low could register, a super bullish Primary B wave advance would first need to occur.
I've since modified my counts and have identified the actual "risk-of-ruin" trajectory in my blog moments ago.
Since you got me started accessing BTC/USD, I can't seem to look away from my charts for too long. Ha-ha! Thanks for that, brother, and thanks again for the shout-out here, I very much appreciate it!
I'm going to continue looking for your short-term takes brother. I.e. - for your intra-day assessments as to whether or not the move up off the recent 5970.22 low turns out to be impulsive or corrective. Got my eye on you, bro - and I ain't taken it off. :-)