【BTCJPY】20190118 Daily Pivot

As a guideline for day trading BTCJPY, we check pivot points. Yesterday (January 17) there was strong buying momentum, forming a bullish candle. Although it briefly fell below the 5MA, price recovered and the market closed in the late 390,000 yen range.

R2=406,497

R1=401,874

S1=390,064

S2=382,877

※ A pivot is a technical indicator that predicts today's price movement based on yesterday'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 references.

【Calculation】

Pivot Point (PP) = (Yesterday's close + Yesterday's high + Yesterday's low) / 3

Resistance Line 1 (R1) = PP + (PP - Yesterday's low)

Support Line 1 (S1) = PP - (Yesterday's high - PP)

Resistance Line 2 (R2) = PP + (Yesterday's high - Yesterday's low)

Support Line 2 (S2) = PP - (Yesterday's high - Yesterday's low)