The paper-trade I’d suggested last week, a ‘mechanical’ long from 95,354, is still live, but I’m glad we didn’t take an authentic piece of it. Bitcoin spent four days threatening to trigger the stop-loss at 91,270, socking the position with a $4000 loss. I am still tracking it diligently because a failure to achieve the 107,604 would imply that Bitcoin, and therefore all cryptocurrencies, have made their bull market top.  It got some lift off Friday’s low, but not quite enough to waft it beyond danger. It’s hard not to notice the clean look of the head-and-shoulders pattern that has been forming since mid-December.  Symmetry would put the right-shoulder collapse somewhere toward the end of the week or early next.