【BTCJPY】20190311 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (March 10) advanced to the 450,000 yen range at one point, but ultimately selling was somewhat dominant, and the market closed in the low 430,000 yen range.

R2=438,024

R1=435,615

S1=430,398

S2=427,590

※ A pivot is a technical indicator that predicts the price movement 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 guides.

【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)