【BTCJPY】20180815 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday, it updated the downside, but then reversed to form a long wick and handed over to today. Also, S2 coincides with levels near about 640,000 yen as support.

R2=721,902

R1=705,645

S1=664,105

S2=638,822

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