''While everyone is calling 8k, 5k'' - Maybe that's the market feeling and maybe that's why we are going south
LucidOne
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@Zielinsky, Great point. The Bitcoins don't buy and sell themselves, trader sentiment is a major factor. I see a lot of traders concerned over the head and shoulders that appears to have developed, so many of them are probably waiting to see what happens.
Zielinsky
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@LucidOne, I'm one of them.
see my charts ahahaha.
hougaz
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@LucidOne, I was greatly concerned about that head and shoulders until I realized that there is not enough volume under the head.
hougaz
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@Zielinsky, Sorry I didn't mean to be rude or anything. It's just that I've heard this scenario so many times in past BTC corrections that I'm immune to it. I know Novogratz said 8k too....
Zielinsky
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@hougaz, no problem that's alright! But low volume under the head is a strong signal that something is wrong