【BTCJPY】20190108 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 7) momentum shifted to selling, forming a bearish candle. The market closed in the mid-430,000s.

R2=446,501

R1=440,500

S1=428,864

S2=423,229

※ A pivot point is a technical indicator that estimates the potential price movement for the day from 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 benchmarks.

【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)