【BTCJPY】20180905 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (September 4) it rose almost without a decline from the opening price, briefly breaking through 820,000 yen. The closing price was in the upper 810,000s, forming a bullish candle similar to September 2 in this market environment.

R2=836,059

R1=827,420

S1=806,722

S2=794,663

※ Pivot points are a technical indicator that predicts the price movement target for the current day based on the previous day's price action. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and these are used as trading guidelines.

【Calculation formulas】

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)