【BTCJPY】20190212 Daily Pivot

As a guideline for day trading BTCJPY, we check pivot points. Yesterday (February 11) there was strong selling pressure, forming a bearish candlestick. The market environment closed in the upper 390,000s after rebounding near the 400,000 line.

R2=401,692

R1=398,244

S1=392,104

S2=389,412

※ A pivot point is a technical indicator used to predict the price movement for the day based on the previous day's activity. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and these are used 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)