【BTCJPY】20181218 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (December 17) buying momentum strengthened, and there were moments when 400,000 yen was briefly breached, closing around 390,000 yen. It was a market environment that formed a solid bullish candle for the first time in a while.

R2=429,036

R1=411,731

S1=369,560

S2=344,694

※ A pivot is a technical indicator used to forecast the day's price movement based on the previous day's movement. Central to it is the Pivot Point (PP), with resistance lines (R1, R2) above and support lines (S1, S2) below, which traders use as trading targets.

【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)