【BTCJPY】20190220 Daily Pivot

As a guide for day trading BTCJPY, I check pivots. Yesterday (February 19) showed strong buying momentum, forming a bullish candle. The market environment closed in the late 420,000 yen range, continuing the trend from the previous day.

R2=446,200

R1=438,091

S1=423,042

S2=416,102

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

【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)