Some time ago I read a post mentioning that more bulls will be back to the match once a) pay checks are handed out for 2017 bonus and b) Chinese New Year is over.
I guess CNY is over, so we could try to buckle up for a ride.
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Interesting...haven't heard that. Wonder why Chinese new year would matter? I don't think bonus checks are going to be enough to pump enough $$ into the mix to reverse this trend.
The author referred to it as Christmas, New Year and the biggest party of the year. Thus most Chinese people around the world would be on vacation, receiving and handing over gifts.
CNY is also supposed to have an impact on other Asian countries and would therefore "dry out" the markets.
If this is true in regards of Cryptocurrency, we will soon find out I suppose.