BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
235 0 3
1D StochRSI is bottoming out.
The shorter time frame dump action seems to consolidate above 240.
The price action down from 1545 ($250) looks like an abc rather than an impulse.
This all supports the idea of a corrective abc retracing the journey down from 4, 1875 ($300).
This is 1655 or rather, the magic 270 everyone's been talking about for ages.

This is fulfills the EW pattern from my long term Renko chart:
snapshot

(sorry the numbering systems don't match, but the geometry's there)

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