【BTCJPY】20181122 Daily Pivot

As a guideline for day trading BTCJPY, we check pivot points. Yesterday (November 21) it turned upward and moved from the 420,000s to the 520,000s. It ultimately closed in the mid-510,000s, forming an bullish market environment.

R2=553,612

R1=534,058

S1=486,902

S2=459,300

※ A pivot point is a technical indicator that forecasts the price movement for the day based on the previous day's price movements. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) to use 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)