【BTCJPY】20180926 Daily Pivot

As a guideline for day trading BTCJPY, we check pivot points. Yesterday (September 25) formed a bearish candle without ever exceeding the open price. It broke below the 25MA and briefly touched the 710,000 yen range in the market environment.

R2=753,667

R1=739,742

S1=713,501

S2=701,185

※ A pivot point is a technical indicator that predicts the price range for the current day based on the previous day's price movement. 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 targets.

【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)