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RE: Bitcoin / Ethereum Price Action. Some Key Levels
I agree that ETH is likely to hit the 220's and possibly lower.
As far as Bitcoin, I've been following it for a while (since 2011), so I'd say right now we have a decent probability of finding a bottom before the $2,200 area.
Some of my stuff now on the intraday (4-Hour Chart) looks like we could round out the lows here and start to stabilize in the next 24 hours.
with the amount of demand weve seen in bitcoin this year, i would be surprised if as you say things dont stabilize in the next days as investors take advantage of the correction so many desired.
As far as ETH goes, im wondering if the wallet issues along with the 96,000 eth sold on Gdax this weekend is not an someone associated with the ETH team acting on insider information