As part of an educational effort, I've unlocked this previous paywalled post so anyone can access.

I've flipped my short-term bias (that looks out weeks) to bearish as the three largest tokens in the asset class test critical resistance levels. Ethereum has been the exception in the group over the last few weeks, but even now it looks set up to consolidate its gains.

If Ethereum, the one token that has helped support market breadth over the last two weeks, begins to pause, it could set the asset class up for a few weeks of indiscriminate selling. What would prove me wrong is seeing all three of these assets complete successful breakouts.

Regardless of whether sellers step in here, I think this is a good area to pay ourselves and take some profits off the table. It is prudent trading/investing to scale out of positions as the market works higher.

I think if we see any meaningful weakness here in the coming weeks, it will present itself as a great buying opportunity.

But in the interim, I think the best approach is to be patient.

Directional Bias

• Short...