【BTCJPY】20180724 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (July 23) the buying side was dominant, and the market environment surged from about 820,000 yen to about 860,000 yen in one move.

R2=897,438

R1=878,878

S1=831,629

S2=802,940

※ A pivot is a technical indicator that predicts the price range for the current day based on the previous day's price movement. Centered on the Pivot Point (PP), lines of resistance (R1, R2) and support (S1, S2) are drawn above and below, and they are used as trading guidelines.

【Calculation formulas】

Pivot Point (PP) = (Previous day's close + previous day's high + previous day's 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)