【BTCJPY】20190218 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (February 17) there was strong buying momentum, forming a bullish candlestick. The market environment closed in the early 400,000s, breaking above the 5MA and 75MA.

R2=407,480

R1=403,740

S1=394,580

S2=389,160

※ Pivot is a technical indicator that estimates 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) below, using them 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)