【BTCJPY】20190301 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (February 28) the buying momentum was slightly stronger, and the market environment closed in the early 420,000 yen range.

R2=438,548

R1=430,706

S1=416,566

S2=410,268

※ A pivot is a technical indicator that forecasts the price movement range for the day based on the previous day'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 references.

【Calculation Formula】

Pivot Point (PP) = (Prev day close + Prev day high + Prev day low) / 3

Resistance Line 1 (R1) = PP + (PP - Prev day low)

Support Line 1 (S1) = PP - (Prev day high - PP)

Resistance Line 2 (R2) = PP + (Prev day high - Prev day low)

Support Line 2 (S2) = PP - (Prev day high - Prev day low)