【BTCJPY】20180920 Daily Pivot

As a basis for day trading BTCJPY, we check the pivot. Yesterday (September 19) initially fell after the discovery of Zaif's hack, but then rebounded sharply. There was large movement up and down, but no major price collapse, and the market closed in the 7.1 million yen range, about the same as the opening price.

R2=751,278

R1=731,950

S1=691,148

S2=669,674

※ A pivot is a technical indicator that predicts the range of price movement for the day based on the previous day's price action. It centers on the Pivot Point (PP) and draws resistance lines (R1, R2) and support lines (S1, S2) above and below, using them as trading guidelines.

【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)