【BTCJPY】20190122 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 21) saw opposing selling and buying pressure, ending with a low-mobility market. The price temporarily rose above 390,000 yen but then reversed and closed in the upper 380,000s.

R2=394,580

R1=391,179

S1=384,033

S2=380,288

※ A pivot is a technical indicator that predicts the range of price movement for the day based on the previous day's activity. 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 + 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)