【BTCJPY】20190221 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (February 20) reversed from a continuing uptrend since the 15th and closed in the mid-430,000 yen range.

R2=443,814

R1=439,815

S1=429,502

S2=423,188

※ A pivot is a technical indicator that predicts the price movement 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, and use them as trading references.

【Calculations】

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)