【BTCJPY】20180805 Daily Pivot

For day trading BTCJPY, we confirm pivots as a guideline. The market environment on the 4th showed a large bearish candlestick, breaking below the 25SMA and temporarily piercing down to as far as the 75SMA.

R2=856,237

R1=818,194

S1=754,499

S2=728,847

※ A pivot is a technical indicator that predicts the day's price movement based on the previous day's price action. Pivot Point (PP) is used as the center, with resistance lines (R1, R2) and support lines (S1, S2 drawn above and below, respectively), to guide trading decisions.

【Calculation Formula】

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)