【BTCJPY】20181127 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (November 26) there were moments when it rose toward around 460,000 yen, but selling pressure was strong and it ultimately formed a bearish candlestick. It was a market environment where the portion retraced the day before was once again expelled.

R2=492,954

R1=458,977

S1=396,846

S2=368,692

※ A pivot is a technical indicator that predicts the day's price movement based on the previous day's movement. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and they are used as reference for trading decisions.

【Calculation】

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