【BTCJPY】20181102 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (November 1) it ranged from the upper 700,000s to the upper 710,000s. Like the day before yesterday, it rose toward roughly the 25MA but did not break above and retraced in a market environment.

R2=720,721

R1=717,227

S1=709,011

S2=704,289

※ A pivot is a technical indicator that forecasts 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 a guide for trading.

【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)