【BTCJPY】20180914 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (September 13) moved above the rising 5MA, forming five consecutive bullish candles. The market closed in the late 720,000 yen region.

R2=746,518

R1=736,560

S1=710,084

S2=693,566

※ Pivot is a technical indicator that forecasts the range of price movement for the current day based on the previous day's movement. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn up and down, and they are used as trading references.

[Calculation Formula]

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)