【BTCJPY】20180827 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (August 26) there was a temporary drop, then a rebound with a descending 25MA around 730,000 yen. It was a market environment forming a long lower shadow with almost no real body (dragonfly candlestick).

R2=763,625

R1=754,598

S1=733,057

S2=720,543

※ Pivot points are technical indicators used to predict the daily price movement 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 trading guidelines.

【Calculation formulas】

Pivot Point (PP) = (previous day's close + high + 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)