【BTCJPY】20181128 Daily Pivot【BTCJPY】20181128 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (November 27) it moved around the 410,000 to 430,000 yen range and formed a bullish candle. The market environment was characterized by small movements within a narrow range.

R2=453,348

R1=442,100

S1=413,903

S2=396,954

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

【Calculation】

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)