【BTCJPY】20181017 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (October 16) had minor price movements, trading in the upper 710,000 to upper 720,000 yen range. The market environment was relatively calm.

R2=737,323

R1=731,961

S1=719,275

S2=711,951

※ A pivot is a technical indicator that estimates the potential price movement for the day based on the previous day's movement. Centered on the Pivot Point (PP), resistance lines (R1, R2) above and below and support lines (S1, S2) below are drawn, and they are used as guides for trading.

【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)