Bitcoin 50MA Cross-under and Descending Channel

Bitcoin has crossed under the 50 MA, which at the time was a brilliant short opportunity which would have given great profits. The downward momentum has kept up and we've now settled into a descending channel. As always, I will be longing a confirmed breakout of this, and shorting a confirmed breakdown. I will also be trading the range between support and resistance when we get rejections and bounces from support. No matter where the price goes here there is a way to profit from it.