【BTCJPY】20180721 Daily Pivot

In BTCJPY, as a guideline for day trading, we check the pivot. Yesterday (July 20) the price ranged around 810,000 to 850,000 yen, it updated the previous high, but ultimately formed a bearish candle market environment.

R2=871,418

R1=845,655

PP=828,747

S1=802,984

S2=786,076

※A pivot is a technical indicator that estimates the price movement for the current day based on the previous day's price movement. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) to use them as trading references.

【Calculation】

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

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

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

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

Support Line 2 (S2) = PP - (previous day high - previous day low) (Please replace this portion when publishing to readers)