【BTCJPY】20181112 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (November 11) briefly fell below the 25MA to the low 7,100,000s yen, then recovered to form a bullish candle. It was a market environment that closed in the early 7,200,000s yen.

R2=731,000

R1=726,918

S1=715,877

S2=708,918

※ A pivot is a technical indicator that predicts the potential price movement for the day based on the previous day's price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) below, using them as trading guides.

【Calculation Formula】

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

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

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

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

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