【BTCJPY】20181204 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (December 3) the sellers were dominant and formed a bearish candlestick. The price broke below the 5-day moving average and closed in the upper 430,000-yen range.

R2=484,076

R1=460,253

S1=421,303

S2=406,176

※ A pivot is a technical indicator used to forecast the price movement for the day based on the previous day's price action. Centered around 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 + high + 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)