【BTCJPY】20180927 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (September 26) the price moved from the 720,000 to just over 730,000. At one point it temporarily rose above the 25MA but was pushed back near the 5MA in this market environment.

R2=748,662

R1=738,515

S1=718,860

S2=709,352

※ A Pivot is a technical indicator that forecasts the day's price movement range based on the previous day's price action. 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 guides.

【Calculation】

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 - low)

Support Line 2 (S2) = PP - (previous day's high - low)