【BTCJPY】20190225 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (February 24) marked a sharp reversal from the rising market that had continued since the 17th, ending the day in the mid-410,000s after breaking below the 5MA.

R2=484,568

R1=449,140

S1=391,739

S2=369,766

※ A pivot point is a technical indicator used to forecast the price movement for the day based on the previous day's activity. Centered on the Pivot Point (PP), lines for resistance (R1, R2) and support (S1, S2) are drawn above and below, and these are used as trading guidelines.

【Calculation Formula】

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)