【BTCJPY】20181029 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (October 28) was, as in recent days, a period of little movement. The market environment traded around the 7.1 million yen level.

R2=721,466

R1=719,233

S1=714,133

S2=711,266

※ A pivot is a technical indicator that predicts the price movement range for the current day based on the previous day's price movement.

Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2), using them as trading guidelines.

[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)