【BTCJPY】20180818 Daily Pivot

For day trading BTCJPY, we will confirm the pivot. Yesterday, we managed to form an up day for the third consecutive day, and we were able to extend the move the most. S1 is the level where the 5-day moving average starts to rise. If the price turns into a downtrend, we will watch whether it can rebound from here.

R2=749,484

R1=739,263

S1=709,558

S2=690,074

※ Pivot points are a technical indicator used to predict the range of price movement for the current day based on the previous day's price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) below, using them as trading benchmarks.

【Calculation method】

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)