【BTCJPY】20190228 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (February 27), buying and selling were evenly matched and the market stayed range-bound. It temporarily dipped below 410,000 yen with a large lower wick, but ultimately closed in the early 420,000s.

R2=432,984

R1=427,125

S1=411,742

S2=402,218

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

【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)