【BTCJPY】20190227 Daily Pivot

Informaton for day trading BTCJPY, we confirm pivot points as a guide. Yesterday (February 26) showed strong selling pressure, forming a bearish candle. The market closed in the upper 410,000 yen range.

R2=428,297

R1=423,963

S1=415,647

S2=411,665

※ Pivot points are technical indicators that estimate today’s price movement based on yesterday’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 guides.

【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)