【BTCJPY】20190219 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. Yesterday (February 18) had very strong buying momentum, and for the first time in a while the price closed in the upper 420,000 yen range after breaking above the solid 5MA, indicating a favorable market environment.

R2=453,843

R1=440,687

S1=406,687

S2=385,843

※ A pivot is a technical indicator used to predict the potential price movement for the current day based on the previous day's price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) and support lines (S1, S2) above and below, and use them as trading references.

【Calculation formula】

Pivot Point (PP) = (Yesterday's close + Yesterday's high + Yesterday's low) / 3

Resistance Line 1 (R1) = PP + (PP - Yesterday's low)

Support Line 1 (S1) = PP - (Yesterday's high - PP)

Resistance Line 2 (R2) = PP + (Yesterday's high - Yesterday's low)

Support Line 2 (S2) = PP - (Yesterday's high - Yesterday's low)