【BTCJPY】20181225 Daily Pivot

For day trading BTCJPY, we check pivot points as a guideline. Yesterday (December 24) it moved around the 440,000-yen level near the 5MA. The market environment was largely range-bound with little movement.

R2=482,396

R1=463,500

S1=432,004

S2=419,404

※ A pivot point is a technical indicator that predicts the potential price movement for the day based on the previous day's price action. Centered around the Pivot Point (PP), draw resistance lines (R1, R2) and support lines (S1, S2) above and below, and use them as a guide for trading.

【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)