OTM Puts on COIN
I think BTC might be late in a topping pattern and soon heading into the more obvious break section.
If so, then we should see COIN and co all slam hard.
COIN has a great bear case on its own merit. The 76 bull trap, the 61 break and now the 50 retest. Very much mirroring the signals of ETH.
If the BTC drop is going to come, it'd be very reasonable to see strikes 20% -40% OTM on coin hitting by the end of the year.
If so, then we should see COIN and co all slam hard.
COIN has a great bear case on its own merit. The 76 bull trap, the 61 break and now the 50 retest. Very much mirroring the signals of ETH.
If the BTC drop is going to come, it'd be very reasonable to see strikes 20% -40% OTM on coin hitting by the end of the year.
Note
We're now looking for the crash leg of this previous analysis on COIN.
Note
Supports broke. Looks good for more downside. 
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