Crypto sell off getting a little more ugly as Bitcoin takes out 50k

Since the last update here on the progress of Both Bitcoin and Ether, both are right now sliding to session lows. Ether has taken out $1800 to the downside and Bitcoin is imploding faster the more it falls. It has now fallen more than $10,000 below its weekend high. As mentioned here earlier; risks of a deeper correction were rising as the more the prices gained and now it appears to be happening. Right now it is hard to assess where either might stop on the downside and could be that we are in for an outside day reversal on both which has not been seen for a while. The ranges today are also bigger than anything seen last week too and the day is yet but half way through. In fact both have just slumped so quickly that it is hard to keep the narrative here up to speed. ETHUSD is now approaching $1600 and Bitcoin is currently trading at 48,400