COIN Short Target

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.