【BTCJPY】20190215 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (February 14) showed a small-range session with selling pressure prevailing, forming a bearish candlestick. The market environment closed in the low 390,000 yen range.

R2=398,665

R1=395,832

S1=391,433

S2=389,867

※ A pivot point is a technical indicator that predicts the price movement for the current 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 they are used as trading benchmarks.

【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)