This whole 'china 31st' thing seems like one of those troll box myths that only noobs fall for. In reality, nothing happens on the 31st that hasn't already happened.
-the Chinese exchanges don't close
-the bank transfer to huobi doesn't disappear
-the whales do not start dumping tons of coins
-the whales don't start buying tons of coins
-the price doesn't go up
-the price doesn't go down
-nothing happens
The whales who move the price aren't going to suddenly change their positions, because they already know the truth: the 31st deadline only applies to third party payment processors, and all the third party processors have ALREADY CLOSED, while bank transfers are unaffected. The whales are intelligent people who have done their due diligence and already know this. People aren't going to suddenly think "wow omg it didn't crash buy buy buy", because anyone with half a brain ALREADY KNEW what was going to happen. It is already PRICED IN.
So don't be surprised when during the first week of February NOTHING happens and the consolidation pattern continues. And please stop saying you're certain that a rally will occur due to Jan 31st, because that is bogus.
Do you want to know why the market is really in limbo? It is about when the Chinese government is going to shut down Huobi's bank account and arrest the owner. This has nothing to do with the 31st. It is a completely unpredictable event.