【BTCJPY】20190110 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 9) the momentum of selling and buying was balanced, but ultimately selling slightly prevailed, creating a market environment with a bearish candlestick.

R2=442,877

R1=438,104

S1=430,104

S2=426,877

※ Pivot points are a technical indicator that predicts the day's price movement based on the previous day's movement. 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 + high + 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)