【BTCJPY】20180901 Daily Pivot

As a guide for day trading BTCJPY, we will check the pivot. Recently, after an uptrend, it has been correcting, and yesterday a doji formed. We are watching whether this correction ends here.

R2=797,099

R1=787,050

S1=764,700

S2=752,399

※ A pivot is a technical indicator that estimates the price movement for the day based on the previous day's price action. Centered on the Pivot Point (PP), we draw resistance lines (R1, R2) and support lines (S1, S2) above and below, 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)