【BTCJPY】20190304 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (March 3) the selling pressure was slightly stronger, forming a bearish candle. After a four-day rebound, the market closed in the mid-4 hundred thousand yen range.

R2=429,553

R1=426,607

S1=421,107

S2=418,553

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

【Calculation formulas】

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)