【BTCJPY】20190208 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (February 7) was range-bound. In the end, selling momentum slightly prevailed, and the market closed in the upper 360,000-yen range.

R2=372,302

R1=370,404

S1=367,204

S2=365,902

※ A pivot point is a technical indicator that estimates the potential price movement for the day based on 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 as trading references.

【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)