【BTCJPY】20181203 Daily Pivot

As a guideline for day trading BTCJPY, we confirm pivot points. Yesterday (December 2) there was no notable movement, forming a small bearish candlestick. The market environment moved from the low 460,000 yen range to the high 480,000 yen range.

R2=495,974

R1=481,310

S1=455,671

S2=444,696

* A pivot point is a technical indicator that forecasts 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 references.

[Calculation Formula]

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

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

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

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

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