【BTCJPY】20180907 Daily Pivot

As a guide for day trading BTCJPY, we confirm the pivot. Yesterday (September 6) the downward momentum did not subside, briefly dipping below 700,000 yen, but then rebounded a bit and settled around 710,000 yen in a trading environment.

R2=769,959

R1=744,213

S1=694,038

S2=669,609

※ Pivot is a technical indicator used to predict the price movement for the day from 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) to use as trading references.

【Calculation Formulas】

Pivot Point (PP) = (Previous day close + Previous day high + Previous day low) / 3

Resistance Line 1 (R1) = PP + (PP - Previous day low)

Support Line 1 (S1) = PP - (Previous day high - PP)

Resistance Line 2 (R2) = PP + (Previous day high - Previous day low)

Support Line 2 (S2) = PP - (Previous day high - Previous day low)