This is bitcoin’s first appearance on the Rick’s Picks home page. I’d lacked good charts before now, but this was remedied by a Tradestation-savvy subscriber who supplied the proper symbol during the all-day “requests” session I held today online.  Bitcoin’s manic swoons and rallies should pose no particular problem for my forecasts, since, from a Hidden Pivot perspective, all trading vehicles are just dots that move up, down and sideways on charts.  This one moves so violently that precise swing-highs and -lows should be relatively easy to nail. That is often the case with Hidden Pivot analysis: the crazier the price action seems, the more closely the swings conform to the abcd patterns we use to forecast and trade. If you’re skeptical, just follow my bitcoin touts for a while and judge for yourself. As far as I could tell, decent technical forecasts for bitcoin have been hard to come by, so let me get you started with this one: If and when NYXBT pops decisively above the 4480 midpoint Hidden Pivot resistance shown, it’ll become an odds-on bet to reach a minimum 5080. For now, a pullback to the green line (4179) would be a ‘mechanical’ buy, stop 3878, for a shot at 5080. _______ UPDATE (Sep 1, 8:18 a.m. EDT):  The uptrend is tracking my 5080 target nicely, and the decisive move past p=4480 has all but clinched a run-up to it. (An unlikely at this point) pullback to x=4179 would be a mechanical ‘buy’, stop 3878.________ UPDATE (Sep 5, 10:4 p.m.): Like AAPL, the Bitcoin Index has fallen sharply after stalling almost precisely at the ‘secondary’ Hidden Pivot of an ABCD rally pattern.  This has dangerous implications, for reasons I have noted elsewhere on this page. When this occurs, a stock stands a good chance of retreating all the way to the pattern’s point ‘C’ low. If this were to occur in the Bitcoin Index, which is currently trading for around 4413, it would imply more downside to at least 3879.