【BTCJPY】20181219 Daily Pivot

As a guideline for day trading BTCJPY, we verify the pivot. The momentum of the rise did not fade yesterday (December 18), and the price closed above 400,000 yen. The market environment closed in the 410,000-yen range where the 25-day moving average sits.

R2=432,531

R1=422,564

S1=394,065

S2=375,533

※ A pivot is a technical indicator used to forecast the price movement for the day based on the previous day's movement. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and these are used as trading guides.

【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)