【BTCJPY】20180904 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. Yesterday (September 3) the two-day upward movement paused in the 810,000 yen range, forming a small bearish candle with unclear direction in the market environment.

R2=819,950

R1=812,873

S1=797,962

S2=790,128

※ 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) above and below and support lines (S1, S2) below as trading参考 points.

【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)