PolarHusk

BTC/USD (Bullish descending channel?)

Long
BITSTAMP:BTCUSD   Bitcoin
BTC/USD

-Bitcoin failed to break downward trendline resistance
-but manages to trade inside this bullish descending channel
-200MA is acting as dynamic support on a 4H chart
-technically, Bitcoin is on a 4H downtrend
-key immediate support must hold is the 6400 area
-if current price failed, next key support is at 6200 zone
-trading inside this channel is shorting the top and longing the bottom
-using tight stoploss on every trade
-as long as the price remains inside this channel, trading is choppy

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