【BTCJPY】20190130 Daily Pivot

As a guide for day trading BTCJPY, we check the pivot. Yesterday (January 29) a slight selling dominance formed a bearish candle. From the end of last week, the downtrend continued, closing near 370,000 yen in the current market environment.

R2=381,478

R1=376,319

S1=365,580

S2=360,000

※ A pivot is a technical indicator that forecasts 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】

Pivot Point (PP) = (previous day close + high + 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)