【BTCJPY】20181022 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (October 21) moved around the 5MA. It formed three consecutive bullish candles, but the upward momentum was weak and the market environment had little price movement.

R2=730,912

R1=726,294

S1=718,162

S2=714,648

※ A pivot is a technical indicator that predicts the day's price movement based on yesterday's price action. Centered on thePivot 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) = (Yesterday's Close + Yesterday's High + Yesterday's Low) / 3

Resistance Line 1 (R1) = PP + (PP - Yesterday's Low)

Support Line 1 (S1) = PP - (Yesterday's High - PP)

Resistance Line 2 (R2) = PP + (Yesterday's High - Yesterday's Low)

Support Line 2 (S2) = PP - (Yesterday's High - Yesterday's Low)