【BTCJPY】Daily Pivot in 20180725

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (July 24) the market environment expanded the upside further, briefly surpassing 940,000 yen.

R2=995,664

R1=963,828

S1=878,828

S2=825,664

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

[Calculation Formula]

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)