【BTCJPY】20181024 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (October 23) the selling was dominant, and it formed a bearish candle without rising. It broke below the 5MA and closed in the upper 7,100,000s yen range.

R2=726,658

R1=722,093

S1=713,481

S2=709,434

※ A pivot is a technical indicator that estimates the price movement for the day 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 references.

【Calculation】

Pivot Point (PP) = (Previous day close + previous day high + previous day low) / 3

Resistance 1 (R1) = PP + (PP - previous day low)

Support 1 (S1) = PP - (previous day high - PP)

Resistance 2 (R2) = PP + (previous day high - previous day low)

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