[BTCJPY] 20181002 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. Yesterday (October 1st), although a bearish candle formed, it did not lead to a major drop, and the market environment paused its decline around 7.4 million yen.

R2=763,690

R1=755,608

S1=739,722

S2=731,918

※ A pivot is a technical indicator that predicts the possible price movement for the day from the previous day's price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) and support lines (S1, S2) above and below, and use them as trading guidelines.

【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)