【BTCJPY】20181119 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. Yesterday (November 18) it rose without falling from the opening price, but the gain was narrow, and the market closed around 630,000 yen.

R2=638,188

R1=633,576

S1=623,776

S2=618,588

※ A pivot point is a technical indicator that forecasts the price range for the current day based on the previous day's moves. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) and support lines (S1, S2) above and below, using them as trading references.

【Calculation Method】

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)