【BTCJPY】20181226 Daily Pivot

As a guideline for day trading BTCJPY, I check the pivot. Yesterday (December 25) the bearish momentum was strong, forming a bearish candlestick. The market closed in the upper 410,000 yen range after breaking below the 5MA.

R2=464,071

R1=441,035

S1=399,992

S2=381,985

※ A pivot is a technical indicator that estimates today’s price movement from yesterday’s price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) below, using them as trading guidelines.

【Calculation formulas】

Pivot Point (PP) = (Yesterday's Close + Yesterday's High + Yesterday's Low) / 3

Resistance Line 1 (R1) = PP + (PP - Yesterday's Low)

Support Line 1 (S1) = PP - (Yesterday's High - PP)

Resistance Line 2 (R2) = PP + (Yesterday's High - Yesterday's Low)

Support Line 2 (S2) = PP - (Yesterday's High - Yesterday's Low)