【BTCJPY】20190213 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (February 12) was range-bound. Ultimately, buyers were slightly dominant, and the market closed in the mid-390,000s.

R2=401,622

R1=398,353

S1=391,357

S2=387,630

※ A pivot is a technical indicator that forecasts the price movement for the day based on the previous day's activity. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) to use them as trading ориентиры (guidelines).

【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)