【BTCJPY】20190307 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (March 6) there was a balance between buying and selling. In the end, buying slightly held the upper hand, and the market closed in the early 430,000 yen range.

R2=439,454

R1=434,651

S1=425,074

S2=420,300

*Pivot is a technical indicator that predicts the price movement range for the day from 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 guidelines.

[Calculation Formula]

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)