【BTCJPY】20190117 Daily Pivot

As a guideline for intraday trading BTCJPY, we check the pivot. Yesterday (January 16) showed slightly stronger buying momentum, forming a bullish candlestick. The market closed in the early 390,000 yen range.

R2=406,664

R1=400,344

S1=385,852

S2=377,680

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

【Calculation Formula】

Pivot Point (PP) = (previous day close + previous day high + previous day low) / 3

Resistance Line 1 (R1) = PP + (PP - previous day low)

Support Line 1 (S1) = PP - (previous day high - PP)

Resistance Line 2 (R2) = PP + (previous day high - previous day low)

Support Line 2 (S2) = PP - (previous day high - previous day low)