Rising Wedge Long BTC - Custom Longs/Shorts Indicator for BITFINEX:BTCUSD by crypt0logic

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The amount of Bitcoin short positions on Bitfinex fell by 20% this morning following a 6,500 Bitcoin short order being closed.
Usually a move of this magnitude would move the Bitcoin price up, but it didn't break $5,350 level of resistance.
The lack of price action could be attributed to a hidden sell order being placed, which would mean that in spite of the $34 million short position closing, price would remain pegged to the hidden order.
The amount of long positions on Bitfinex did increase from 23,800 to 26,000, which could suggest that a trader flipped their short position to long as a result of the ongoing market rally

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