【BTCJPY】20190123 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (January 22) the momentum of buyers and sellers was balanced, but buyers ultimately prevailed, and the market closed in the early 390,000 yen range.

R2=404,261

R1=397,660

S1=380,368

S2=369,677

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

【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)