【BTCJPY】20181210 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (December 9) showed an upward movement and temporarily recovered to the 400,000 yen level, but the market later fell below 400,000 again and closed in the upper 390,000s.

R2=427,456

R1=412,763

S1=382,203

S2=366,336

※ A pivot is a technical indicator that predicts the potential price movement for the day based on the previous day's movement. 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'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)