Chinese New Year Events

BTC price usually dumps during Chinese New Year (CNY), and the trend lines from the previous big dip show just that. What we're seeing right now might be anticipation for CNY (5 February 2019).
If BTC just drops back to the 3200 or so support and recovers then I'm pretty sure a bottom is basically in, or very close to being in. The final bottom would only be 2600 and above if anything so there's not much point in missing the ship now.