【BTCJPY】20181130 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (November 29) there were moments touching 5,000,000 yen, but the battle between buyers and sellers continued, forming a market with a doji.

R2=519,300

R1=500,779

S1=463,858

S2=445,458

* Pivot points are technical indicators used to forecast the price range for the current day from the previous day's price movement. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) to use them as trading references.

[Calculation Formula]

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)