【BTCJPY】20190129 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 28) showed strong selling pressure, forming a bearish candle. It fell below 380,000 yen and closed in the mid-370,000s, indicating the market environment.

R2=394,654

R1=384,769

S1=367,005

S2=359,126

※ A pivot is a technical indicator that predicts the price movement range for the current 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'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)