【BTCJPY】20181114 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (November 13) there was strong selling momentum, forming a bearish candle. The price was pushed down by the 5MA and 25MA around 720,000 yen, and the market closed in the early 710,000s.

R2=723,448

R1=718,224

S1=709,543

S2=706,086

※ Pivot points are a technical indicator that estimates the price movement for the current day based on the previous day's price action. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn, and these are used as guidelines for trading.

【Calculation formulas】

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)