【BTCJPY】20190214 Daily Pivot

As a guideline for intraday trading BTCJPY, we check the pivot. Yesterday (February 13) the buying and selling were balanced and the market remained range-bound. At one point it briefly surpassed the 5 MA but closed in the 3.9 million yen range.

R2=400,737

R1=397,918

S1=392,694

S2=390,289

※ A pivot is a technical indicator that predicts the range of price movement for the day based on the previous day's price action. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and traders use them as trading guides.

【Calculation formulas】

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)