【BTCJPY】20181227 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (December 26) it advanced with a bullish candle, closing in the 420,000 yen range.

R2=440,187

R1=432,117

S1=411,988

S2=399,929

※ A pivot is a technical indicator that estimates the price movement 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 below, and support lines (S1, S2) to use them as trading references.

【Calculation formulas】

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)