【BTCJPY】20181217 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. Yesterday (December 16) also showed little movement, ending with a small-range session. The market closed in the early 600,000 yen region.

R2=373,985

R1=368,339

S1=358,543

S2=354,393

※ A pivot point is a technical indicator used to predict a target price range for the current day based on the previous day's price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and a support lines (S1, S2) 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)