【BTCJPY】20180823 Daily Pivot

As a basis for day trading BTCJPY, we check the pivot. Yesterday (August 22) there was a rise that temporarily surpassed 7,500,000 yen, but from there the market was pushed back, forming a long upper-shadow bearish candle.

R2=783,345

R1=743,892

S1=677,993

S2=651,547

※ A pivot is a technical indicator that predicts 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) and support lines (S1, S2) above and below, and use them as guides for trading.

【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 replace this part before publishing to readers)