【BTCJPY】20180928 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (September 27) showed strong buying momentum, breaking above not only the 25 MA but also the 5 MA, and temporarily surpassing 760,000 yen. The market environment formed a solid bullish candle for the first time in five days.

R2=785,180

R1=770,171

S1=732,773

S2=710,384

※ Pivot points are a technical indicator that predicts the price movement for the day 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 they are used as trading benchmarks.

【Calculation formulas】

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 - previous day's low)

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