【BTCJPY】20180821 Daily Pivot

For day trading BTCJPY, we check the pivot as a guide. Yesterday (August 20) formed a bearish candle by breaking below the 5MA. The market environment closed below 700,000 yen.

R2=731,821

R1=711,640

S1=680,139

S2=668,819

※ A pivot is a technical indicator used to estimate the price movement for the 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, 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) (Please overwrite this section when publishing to readers)