【BTCJPY】20181106 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (November 5) the price moved from the high 7,100,000s to the high 7,200,000s yen range. The buy and sell were balanced, and the market environment was relatively quiet.

R2=732,665

R1=728,441

S1=719,552

S2=714,887

※ Pivot points are a technical indicator that forecasts the price movement for the day based on the previous day's price action. Pivot Point (PP) is drawn at the center, with resistance lines (R1, R2) above and below, and support lines (S1, S2) below, and these are used as a guide for trading.

【Calculation】

Pivot Point (PP) = (previous day’s close + high + 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)