BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
There have been a few obvious spike in the price of Bit-coin to the upside. Is this organic buying or shorts taking their profits? I'm starting to think it is more of the shorts taking their profits and getting ready to reload. Looking at this chart of USD Shorts you can see how the price fell out of the rising wedge only to make what now looks like a cup and handle pattern. If this pattern breaks north like the normal implication that should mean that bit-coin price is in decline, again. When this might happen, I'm not sure. Nor am I sure it is will happen. The pattern just seems curious to me and one worth paying attention to in my opinion.

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