【BTCJPY】20190116 Daily Pivot

Using BTCJPY for day trading as a guideline, we check the pivot. Yesterday (January 15) showed strong selling momentum, forming a bearish candle. The price briefly dipped below the 5MA but held in the early 390,000 yen range due to the market environment.

R2=405,240

R1=397,516

S1=384,284

S2=378,776

※ A pivot point is a technical indicator that estimates the day's price movement based on the previous day's activity. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and these are used as trading guides.

【Calculation formulas】

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)