【BTCJPY】20190128 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 27) there was strong selling momentum, forming a bearish candle. The price hovered around the 5MA and temporarily fell to the low 380,000s, but closed in the upper 380,000s in the current market environment.

R2=394,956

R1=390,833

S1=381,753

S2=376,796

※ Pivot points are technical indicators used to forecast the price range for the day based on the previous day's price movement. Centered on the Pivot Point (PP), resistance lines (R1, R2) and support lines (S1, S2) are drawn above and below, and these are used as trading guidelines.

【Calculation formulas】

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)