【BTCJPY】20190125 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 24) the buying momentum was somewhat strong, forming a bullish candle. The market environment bounced from the 380,000 yen range and closed in the early 390,000 yen range.

R2=397,342

R1=394,346

S1=387,420

S2=383,490

※ A pivot is a technical indicator that predicts the price movement for the day based on the previous day'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 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)