【BTCJPY】20180726 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (July 25) the market environment shifted from an uptrend and fell about 30,000 yen in price.

R2=966,941

R1=935,418

S1=879,484

S2=855,073

※ Pivot is a technical indicator that predicts the price movement range for the current day based on the previous day's movements. Pivot Point (PP) is used as the center, with resistance lines (R1, R2) above and support lines (S1, S2) below, and these are used as trading references.

【Calculation formulas】

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)