【BTCJPY】20181228 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (December 27) there was strong selling pressure, forming a bearish candlestick. The market closed in the 400,000 yen range.

R2=436,686

R1=418,043

S1=388,713

S2=378,026

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

【Calculation Formula】

Pivot Point (PP) = (Previous day's close + previous day's high + previous day's 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)