【BTCJPY】20190226 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (February 25) showed strong buying momentum, forming a bullish candlestick. It was a market environment that reversed from a steep drop the previous day and closed in the early 420,000s.

R2=437,651

R1=430,613

S1=414,764

S2=405,953

※ A pivot point is a technical indicator that estimates the potential price movement for the day based on the prior day's moves. Centered around the Pivot Point (PP), lines for resistance (R1, R2) and support (S1, S2) are drawn above and below, and these are used 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)