【BTCJPY】20180718 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (July 18) the market environment rose sharply from the neckline break of an inverted head and shoulders to the target level of about 850,000 JPY.

R2=946,830

R1=827,689

PP=735,951

S1=616,810

S2=525,071

※ A pivot is a technical indicator that predicts the range of price movement for the day based on the previous day's movement. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) upwards and downwards and support lines (S1, S2) downwards, and use them as trading guides.

【Calculation Formulas】

Pivot Point (PP) = (Previous day's close + high + low) / 3

Resistance Line 1 (R1) = PP + (PP - previous day's low)

Support Line 1 (S1) = PP - (previous day's high - PP)

Resistance Line 2 (R2) = PP + (previous day's high - previous day's low)

Support Line 2 (S2) = PP - (previous day's high - previous day's low)