【BTCJPY】20190107 Daily Pivot

As a guideline for day trading BTCJPY, we confirm the pivot. Yesterday (the 6th) had strong buying momentum, forming a bullish candle. The market environment closed in the upper 430,000 yen range, having pushed above the 5MA.

R2=462,497

R1=450,395

S1=418,096

S2=397,899

※ A pivot is a technical indicator used to predict the price movement range for the day based on the previous day's price movement. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) to use as trading guidelines.

【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)