【BTCJPY】20180819 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. Yesterday, after three bullish days, a bearish candle formed, and the trend aimed downward again. Today's open is at the same level as the 5-day moving average, so all eyes are on whether a bearish or bullish candle will form.

R2=747,676

R1=728,352

S1=694,352

S2=679,676

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

【Calculation】

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)