【BTCJPY】20181214 Daily Pivot

As a guideline for intraday trading BTCJPY, we check the pivot. Yesterday (December 13) it turned downward and briefly fell below 370,000 yen. In the end, it retraced a bit and closed in the early 370,000s range.

R2=404,683

R1=396,676

S1=378,986

S2=369,303

※ A pivot point is a technical indicator that forecasts the potential price movement for the current day based on the previous day's price action. Centered on the Pivot Point (PP), trend lines—Resistance lines (R1, R2) and Support lines (S1, S2)—are drawn, and these are used as trading reference points.

【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)