Big dump on BTC and COIN today which is great for me. Now the question is where does it bottom? I've shared some targets, but this is accelerating quickly so I wanted to update that. I think the ultimate target is 114.43. There are some gap fills down there along the way, it probably won't be straight down.
It still has a way to go, but this is what I'd target for longer term puts. Not saying you should open puts here, probably not a great idea. I'll be watching BTC to see if it can hold 50k as well.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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