【BTCJPY】20180906 Daily Pivot

As a guide for day trading BTCJPY, we verify the pivot. Yesterday (September 5) the price fell rapidly from the 820,000 yen range to the 740,000 yen range, forming a long bearish candle. The price broke below the 5MA and the 75MA, and ended near the 25MA, in a market environment.

R2=852,466

R1=797,733

S1=714,133

S2=685,266

※ Pivot points are a technical indicator that estimates the day's price movement based on the previous day's movement. Centered on the Pivot Point (PP), there are resistance lines (R1, R2) above and below, and support lines (S1, S2) below, used as a guide for trading.

【Calculation Formulas】

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