【BTCJPY】20181015 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (October 14) the price rose and temporarily surpassed 700,000 yen, but was pulled back and closed in the mid-690,000s in market conditions.

R2=711,068

R1=703,246

S1=689,881

S2=684,338

※ A pivot is a technical indicator that forecasts the day's price movement based on 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 guides.

【Calculation 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)