【BTCJPY】20181206 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (December 5) it fluctuated in the 410,000 to 440,000 yen range. It gradually declined and formed a bearish market environment with a downtrend.

R2=452,455

R1=435,712

S1=409,113

S2=399,257

※ 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) above and below and support lines (S1, S2) below, and use them as trading guidelines.

【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)