【BTCJPY】20190131 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 30) the buying was somewhat strong, forming a bullish candle. The selling pressure since the end of last week eased, and the market closed in the early 370,000s.

R2=384,609

R1=379,158

S1=367,098

S2=360,489

※ A pivot point is a technical indicator used to predict the range of price movement 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, using them as trading references.

【Calculations】

Pivot Point (PP) = (yesterday's close + yesterday's high + yesterday's low) / 3

Resistance Line 1 (R1) = PP + (PP - yesterday's low)

Support Line 1 (S1) = PP - (yesterday's high - PP)

Resistance Line 2 (R2) = PP + (yesterday's high - yesterday's low)

Support Line 2 (S2) = PP - (yesterday's high - yesterday's low)