TimeMachine

BTC correlation with Chinese new year 2017?

BITFINEX:BTCUSD   Bitcoin / Dollar
snapshot

Chinese new year is coming on 16 February 2018, how much the chinese new year affect BTC? People need to cash out for the upcoming Holiday. I mark the date on the chart on 28 January 2017. The past says there is down trend before chinese new year and up trend for 11-13 days

“The farther back you can look, the farther forward you are likely to see.”

― Winston Churchill
China banned crypto...effect will not be as significant.
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TimeMachine glgonzal
@glgonzal,

1. Well Chinese is spread to all over the world not just china.

2. As far as I know many chinese business put their profit in banks outside of the country.

3. Thats why Binance not in China

4. Internet Banned can be open through VPN

Well lets see what will happend, Chinese new year is just 4 days ahead
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glgonzal PRO TimeMachine
We'll see. but FYI...I've been there several time. There national internet is very restrictive VPN or not. I do agree Chine is spread out but a vast majority of crypto interaction came from the mainland. I do hope there is a positive impact after new years.
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