【BTCJPY】20190306 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (March 5) there was strong buying momentum, forming a bullish candle. The market closed in the early 430,000s after breaking above the 5MA.

R2=444,381

R1=436,915

S1=417,593

S2=405,737

※ Pivot points are technical indicators used to forecast price movements for the day based on the previous day's trading range. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) below, using them as trading references.

【Calculation Method】

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)