【BTCJPY】20180831 Daily Pivot

As a guideline for day trading BTCJPY, we check the Pivot. Yesterday (August 30) prices temporarily fell, but reversed and rose around the 75-man-yen level where the 75MA is located. Ultimately, the market closed in the 770,000-yen range.

R2=804,067

R1=790,485

S1=758,899

S2=740,895

※ Pivot points are a technical indicator used to predict potential price movements for the day based on the previous day's price movement. Centered around the Pivot Point (PP), draw resistance lines (R1, R2) and support lines (S1, S2) up and down, and use them as trading references.

【Calculation formula】

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) (Please rewrite this part when publishing to users)