【BTCJPY】20181213 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. The market session yesterday (December 12) was also range-bound. It recovered the drop from the 11th and closed in the high 380,000 yen range.

R2=404,683

R1=396,676

S1=378,986

S2=369,303

* A pivot is a technical indicator that predicts the range of 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 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)