The coin has gone up 100% in a week. 100%! So why can't it retrace a few percent?
It's consolidation. Don't worry about the minute charts ; look at the 12h mintpal chart on bitcoinwisdom for example. Zooming out increases calm.
Agreed. It's called "profit taking" and it happens in all markets.
And the difference is when it occurs when we reach or approach an ATH, it is profit-taking. If it occurs following bad news, it's fear.
and right now is called stupid... ;-)