What is pivot point in crypto trading?

[Fidelia]

There are many concepts that we encounter everyday as we are active in the crypto market. I just discovered that pivot point is a concept that traders can use to determine their trading positions.

Can anyone explain in detail what pivot point is, how to calculate it and how it is used to make crypto trading? decisions

 

[Suba]

Pivot points can not only be used in crypto trading, but we can also apply them as technical analysis in stocks and forex trading with the aim of determining support and resistance levels. For example, Bitcoin's close price is $100, High $110 and low 90, then we can calculate
Pivot point = 100
S1= (2x100)-110 = 90
R1= (2x100)- 90 = 110